MBA Launches Anti-Fraud Center

The Mortgage Bankers Association has launched an online resource center it describes as a one-stop shop to help the industry combat mortgage fraud.The Mortgage Fraud Against Lenders Resource Center will be a central repository for information about fraud against mortgage lenders, the MBA said. The resource center will include such information as fraud-alert updates on emerging fraud schemes, a Lender Tool Box to help lenders protect themselves against fraud, and a resource library of reports and Web links. Jonathan L. Kempner, the MBA's president and chief executive officer, said the association wants the center to become "a virtual meeting place for lenders to share information and resources to protect their companies from being victimized by mortgage fraud against the real estate finance system." The center can be found online at http://mbafightsfraud.mortgagebankers.org.