NFA and Met Police launch mortgage fraud taskforce

The Mortgage Fraud Forum has been established by the National Fraud Association (NFA) and the Metropolitan Police. It aims to develop an up-to-date understanding and awareness of the tactics which fraudsters are using and it includes lenders, solicitors, surveyors and trade bodies such as the Council of Mortgage Lenders (CML) and the Building Societies Association (BSA). The Forum has emerged from findings in the NFA's recently released report, Working Together to Stop Mortgage Fraud, where it was estimated the annual value of mortgage fraud is £1bn. The NFA believes the figure may...