The number of suspicious activity reports related to possible mortgage fraud jumped by nearly 7% in the first half of the year, according to the Financial Crimes Enforcement Network.
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In a report Tuesday, Fincen said banks and thrifts filed 35,135 mortgage-related SARs, up from 32,926 a year earlier.
Fincen attributed the increase to greater attention to older loans spurred by repurchase demands. For example, 78% of reported mortgage fraud occurred more than two years before the filing, compared with 44% in the same period of 2009.
