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Business Briefing / Real Estate

Mortgage fraud cases rise 63%

September 17, 2009|Times Wire Reports

The number of mortgage fraud cases under investigation by the FBI has risen about 63% since last year, according to bureau Director Robert S. Mueller III.

There were more than 2,600 cases pending as of July 31, up from about 1,600 cases in fiscal 2008, Mueller told the Senate Judiciary Committee. Most of the cases involved losses of more than $1 million, he said.

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