An Internet resource for fighting mortgage fraud
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To combat the rising number of mortgage fraud cases nationwide, the Mortgage Bankers Assn. has launched an online anti-fraud resource center.
The website, which features fraud alerts and mortgage-industry news, aims to help lenders “prevent, investigate, and combat mortgage fraud,” according to the site.
The site posts information about mortgage crimes and provides links to report such activity. The website, mbafightsfraud.mortgagebankers.org, also offers mortgage and economic forecasts, legislative news and more.
-- Diane Wedner
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