Suspicious Activity Reports Are Primary Means to Detect Mortgage Fraud, Says FBI Director

By Matt Squire

U.S. investigators are relying on suspicious activity reports in their efforts to detect and curtail mortgage fraud, FBI director Robert Mueller said Thursday. The comments, made at a Washington, D.C. press conference, came as part of the FBI's announcement that it had filed 144 mortgage fraud cases since March 1. As part of that crackdown, the FBI increased the number of agents working on related investigations from 120 to 180, and instructed field offices to focus on the fraud, Mueller said. "Wherever they are around the country, whichever of these schemes that they become participants in … we will get...