There has been an increase in mortgage fraud cases in the first half of the year according to a report released by KPMG Forensic. Professional criminals are primarily the culprits and fraudulent activity is at a 22 year high. The amount of the frauds has totaled over 608 million pounds for this year so far. [...]
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Financial bosses at KPMG have today revealed the extent of spiralling mortgage fraud in the Yorkshire area. During the first half of 2009 fraud cost banks and building societies around £24 million and the year closes with losses of around £77 million. However, after the first six months of 2010 lenders are facing losses of [...]
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