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FBI Stepping Up Investigations Into Mortgage Fraud

The FBI is increasing its efforts to fight mortgage fraud, according to an article on Foxnews.com. The article indicates that the FBI is employing agents to work undercover and using wiretaps to investigate mortgage fraud activity.

In a prior blog post, I noted how federal law enforcement officials seem to shuffle their resources into different areas depending on the recent trends and media coverage. For instance, after 9/11 the FBI took a significant number of federal agents from various departments and redirected them to address immigration and terrorism related issues. More recently, after the economy began its downward spiral, the FBI has focused more on white collar crimes such as securities fraud and mortgage fraud. This article seems to confirm that the FBI remains focused on mortgage fraud activity, which is consistent with current events and news stories which are also focusing on the housing market, foreclosures and related financial crimes.