While mortgage originations are at their lowest level since 2001, investigations for mortgage fraud have shot up in recent years. As of December 31, 2011, the FBI reported 2,590 pending mortgage fraud investigations with 71 percent involving losses of more than $ 1 million. With increased levels of foreclosures and delinquencies over the past few years, schemes targeting distressed homeowners as victims have surged. Through FY 2011, FBI investigations resulted in 1,082 convictions of mortgage fraud criminals.
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