df0 mortgage loan fraud financial crimes enforcement network regulatory policy and programs division an industry assessment based upon suspicious activity report analysis november 2006 office of table contents introduction 1 executive summary overview 4 vulnerabilities identified in sar narratives 5 automated processing sub prime loans associated with suspected broker originated 6 identity theft 7 fixed income elder exploitation 8 findings characterizations primary federal regulators 9 locations reported activities sampled 11 types material misrepresentation false statements purpose 12 appraisal property flipping straw buyers 14 forged documents 15 other fraudulent emerging schemes 17 asset rental debt elimination conclusion 18 2 recent years state law agencies have devoted considerable effort to the prevention investigation prosecution united states has experienced substantial growth lending markets innovative products that expanded consumer access home finance at same time there been a significant
