Mortgage fraud probe names Oregonians

Mortgage fraud probe names Oregonians

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by Associated Press

kgw.com

Posted on June 17, 2010 at 11:31 AM

Updated Monday, Jun 28 at 12:54 PM

PORTLAND, Ore. (AP) -- A nationwide crackdown on mortgage fraud includes 39 defendants from Oregon.

U.S. Attorney Dwight Holton says the FBI in Oregon has received almost 5,000 reports of fraud since the height of the housing market bubble in 2006.

Many of the investigations remain active and additional federal indictments are expected.

More: Read FBI Mortgage Fraud Report

Holton says in many cases the selling price of a property was falsely inflated. But he said there are as many schemes as there as con artists.

The national crackdown involves 1,215 criminal defendants in cases that involve more than $2.3 billion in losses.

More: National coverage of mortgage fraud probe

Anyone with information about mortgage fraud, or who is a victim of such fraud should contact FBI at 503-273-5813 or by email at morgagefraudtips@ic.fbi.gov

People were advised to call 211 if they have any questions or concerns about their mortgage situation. They may also contact the Oregon Attorney General’s Consumer Fraud Tip Line at 877-877-9392.

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