Mortgage fraud often includes conspiracy, collusion, racketeering and other criminal behavior found in organized crime.
Mortgage fraud is one of the fastest growing financial crimes in the history of the nation.
Mortgage fraud contributed to the dramatic rise in the number of vacant and abandoned properties across the country since 2008.
Mortgage fraud exacerbates foreclosure-caused conditions that include devastated communities, heightened crime, lower property values and emotional despair so acute it sends foreclosure-blighted neighborhood residents to the hosptial.
Prosecutors consider mortgage fraud to be among "the most economically destructive crimes prosecuted by their offices," according to Patrick Leahy, co-sponsor of the Fraud Enforcement and Recovery Act.
Arresting mortgage fraud
Working with law enforcement to bust mortgage fraud criminals, NCPC opened its new online mortgage fraud resource center to help consumers get in the fight and protect themsleves.
Along with public service announcements, flyers, posters, podcasts, webinars and other tools for both consumers and their adovoctes, NCPC's spring 2013 Mortgage Fraud Virtual Conference will offer lessons in mortgage fraud, preventative measures for avoiding it and what resources are available for victims.