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There have been several Mortgage related Identity Theft cases reported recently. In such cases, criminals stole various sensitive personal information from their victims, such as social security number and driver’s license, in order to qualify for mortgage loans. In one recent case, the Identity thief actually made timely monthly payments on the loan. The victim did not become aware of the situation until he received a refund check for closing costs of a mortgage that he had never requested! You cannot help but wonder: how many similar mortgage related Identity Theft cases remain undiscovered?

Through the end of 2008, it is estimated that as many as $1 Trillion in adjustable rate mortgages (ARM) will adjust for the first time. In October of 2007, it is estimated that More…

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This entry was posted on Monday, August 6th, 2007 at 6:38 am and is filed under Identity Theft Protection, Credit Monitoring, Credit Reports, Identity Theft, subprime, mortgage loan fraud, identity fraud, crime, security, credit report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.