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SBJ Special Report: Mortgage Fraud

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The FBI and the state continue to investigate alleged mortgage fraud schemes in the area that are pushing foreclosures to record-breaking highs and inflating home prices backed by bad appraisals.

Gov. Blunt signs mortgage fraud bill

Published June 12, 2008

Gov. Matt Blunt signs a Missouri bill that creates civil and criminal penalties for mortgage fraud and helps homebuyers understand the mortgage process.

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FBI, federal prosecutors lining up mortgage fraud indictments

Published May 5, 2008

The FBI’s top agent in Springfield said he expects months of mortgage fraud investigations spearheaded by the bureau’s local office to result in federal grand jury indictments later this year.

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2007 The Year in Business: Mortgage fraud allegations prompt investigations

Published Dec. 24, 2007

Mortgage fraud was the second-hottest topic in the news in 2007, according to Springfield Business Journal’s Year in Business review.

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Mortgage Fraud Task Force provides tips to buyers, sellers

Published April 9, 2007

The Missouri Department of Insurance, Financial Institutions and Professional Registration issues several tips to prevent mortgage fraud, a growing threat in Missouri and across the nation.

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Task force formed to combat mortgage fraud

Published March 2, 2007

The Missouri Department of Insurance, Financial Institutions and Professional Registration forms a task force to fight Missouri’s increasing mortgage fraud problem.

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Attorney reveals details of alleged mortgage fraud

Published Feb. 26, 2007

A local attorney consulting with victims of alleged mortgage fraud in the Springfield area has told Springfield Business Journal the elaborate scams appear to involve builders, appraisers and brokers who dupe buyers into taking out loans well above the property’s market value.

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FBI investigating alleged mortgage fraud in Springfield

Published Feb. 19, 2007

The FBI is investigating alleged mortgage fraud schemes in the Springfield area, some of which may be driving a spike in foreclosures on homes sold to unsuspecting buyers at inflated prices.

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