Fraud Prevention

It sometimes seems as though there are as many different fraud schemes as there are people who use them to defraud lending institutions.  Learn how to spot red flags and mitigate fraud losses.

Emerging Fraud Trends:

• Condomindium Conversion Bailouts – New
• Types of Mortgage Fraud
• Best practices to detect and avoid mortgage fraud
• Spotlight on Freddie Mac's Fraud Investigation Unit
• Fraud prevention: Best practices and red flags.
• Fraudulent investment property schemes
• "The builder bailout"
• Illegal property flipping with cash-out purchases
• False stated income
• Foreclosure rescue schemes

Fraud Prevention Best Practices

• View all fraud prevention best practices [PDF 190K], which includes:
  • Preventing and Detecting Fraud: What to look for, reporting fraud to Freddie Mac and steps for preventing and resolving fraud.
  • Mortgage Screening Checklist: A list of inconsistencies or "red flags" you may find in a mortgage file.