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Lenders, Law Enforcement Meet on Mortgage Fraud

By Shelley Kofler, KERA News

Dallas, TX –

Law enforcement, banks and financial institutions shared concerns and solutions at a summit on mortgage fraud held in Austin yesterday. Mortgage fraud has become the fastest growing white collar crime. Consumers are often victims, but Jim Daross of the Texas Attorney General's office says lending institutions have also become big targets.

Deross: Appraisers, brokers , realtors, attorneys are all taking advantage of the fact the mortgage industry has been in turmoil the past few years. People are losing a lot of money because of it. Primarily the lending institutions

Deross says Houston and Dallas have the biggest problems with mortgage fraud in Texas. The Attorney General's website has more information on what to watch for and how to report concerns.

Email Shelley Kofler