Through the Department of Justice, Office for Victims of Crime (OVC), and the Bureau of Justice Assistance (BJA), NCPC is responding to mortgage fraud, one of the fastest growing financial crimes in the country. NCPC will continue to provide an array of training, technical assistance, and downloadable resources for mortgage fraud victims and potential homebuyers. Victim Service Providers (VSPs) and attorneys who assist victims of mortgage fraud will have appropriate tools to accomplish a speedy recovery plan for their mortgage fraud victims. While potential homebuyers will have NCPC tips and resources at their fingertips to reduce the risk of becoming the next victim of mortgage fraud.
Mortgage fraud prevention starts here with the NCPC.
- Taking Action: The Advocate's Role in Assisting Financial Fraud Victims - Presenter: Joshua Bailes, Staff Attorney, National Center for Victims of Crime. watch here.
NCPC Mortgage Fraud Virtual Conference Resources
- Mortgage Fraud Virtual Conference Protecting Homeowners: Empowering Victims (Date: April 10) - Click here for Resources.
New Victim Service Resources
Click here for the Resources.
Mortgage Fraud Latest News
Mortgage Fraud Initiative Tracks Criminals Targeting Distressed Homeowners
Read more about the yearlong results found from the Distressed Homeowner Initiative and effective ways to avoid mortgage fraud scams.
What Should I Know About Mortgage Fraud?
- Mortgage fraud is one of the fastest growing financial crimes in the history of the United States (Mortgage Asset Research Institute)
- Mortgage fraud has fueled a dramatic rise in the number of vacant and abandoned properties across the country since 2008.
- 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.
- According to the FBI, numerous forms of mortgage fraud fall into two categories: fraud for housing and fraud for profit.
Effects of mortgage fraud and foreclosure have proven to devastate communities, creating dangerous conditions that fuel crime, lower property values and foster despair among residents who watch their neighborhoods deteriorate around them.
Federal Government & Attorneys General reach landmark settlement with major banks
After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers:
The settlement will provide as much as $25 billion in relief to distressed borrowers and direct payments to states and the federal government.
For more information go to National Mortgage Settlement website.
This project was supported by Grant No. 2010-DB-BX-K023 awarded by the Bureau of Justice Assistance and Grant No. 2011-VF-GX-K021 awarded by the Office for Victims of Crime. The Bureau of Justice Assistance and Office for Victims of Crime are components of the Office of Justice Programs, which includes the Bureau of Justice Statistics, the National Institute of Justice, the Office of Juvenile Justice and Delinquency Prevention, and the SMART Office. Points of view or opinions in this document are those of the author and do not represent the official position or policies of the United States Department of Justice.