Property News · May 5, 2016

Mortgage fraud by identity thieves at highest level since 2012


During first quarter of 2016, proportion of crimes attempted by fraudsters increased to 6% – often by using identities of recently deceasedA “worrying” increase in identity thieves attempting to commit fraud within mortgage applications, including criminals applying in the name of people who have recently died, has been uncovered by a credit checking company. Experian said that during the first quarter of 2016, the proportion of attempted mortgage fraud committed by identity thieves increased to 6% – the highest level seen since 2012. Historically, this type of fraud has accounted for 4% of detected mortgage application fraud. Continue reading…

Source : theguardian.com
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