2007 FBI Study Warns of Home Equity Loan Fraud
Posted on September 30th, 2009 by Mortgage Refinancing News
The FBI website contains an April 2008 warning about identity theft and Home Equity Line of Credit loans. The warning details findings from a 2007 FBI study of fraud in the mortgage and real estate industry. The FBI believes thieves steal a person’s identity to either open a new line of credit over the internet or access an open line of credit. After the loan is approved the thief asks the bank to wire money to a different account. This scheme involves surreptitiously forwarding telephone ca
Filed under: Mortgage Refinancing News
