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FBI Investigating More Mortgage Fraud Cases, Says Director Mueller

WASHINGTON -- The FBI is now actively investigating some 1,300 mortgage fraud cases, according to testimony given by FBI Director Robert Mueller before a Senate Appropriations panel last week.

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WASHINGTON — The FBI is now actively investigating some 1,300 mortgage fraud cases, according to testimony given by FBI Director Robert Mueller before a Senate Appropriations panel last week. That number represented a “tremendous surge” in such cases and made it necessary for the agency to divert agents from other areas. More disturbingly, a larger number of those cases involve reverse mortgages. “That is something that we are seeing and may well need additional resources to address,” Mueller told the panel.

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