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MORTGAGE UPDATE: National Mortgage News Releases New Fraud Figures "Mortgage Fraud resulted in losses of $546 million during the first half and is on track to outpace last year, according to newly released government figures. Statistics compiled by the Federal Bureau of Investigation found that mortgage fraud losses totaled $1 billion in fiscal 2005, more than double the year before", as reported in the current issue of National Mortgage News. Click here for more details.

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The mortgage business has become extremely complicated with regard to compliance, fair lending and predatory lending. Detecting fraud or criminality during the loan process has become more important than ever as it poses a serious threat to the current state and future of the industry. It often goes undetected in hot housing markets as inflated appraisals become moot if home values rise to match those figures.

What steps must you take NOW to detect, prevent and combat mortgage fraud?
These alarming new fraud figures illustrate the increasingly, costly reality facing many of today’s lenders. Learn how to reduce your risk of fraudulent losses by attending the premier Mortgage Fraud Conference, December 11-12, 2006 at the Mandalay Bay Resort & Casino in Las Vegas, Nevada.

Who Should Attend:

Mortgage Bankers and Brokers, Loan Originators, Real Estate Professional, Appraisers, Closing Attorneys and Law Enforcement Professionals Responsible for Fraud Detection, Prevention and Resolution, including:

Quality Assurance Quality Control Audit and Compliance

Risk Assessment Investigations Underwriting

As well as:

• In-House Counsel at Mortgage Lending Institutions
• Private Practice Attorneys Specializing in Financial Services, Consumer Finance, Mortgage Banking, Lending or Fraud
• Real Estate Appraisers