The Treasury Department’s Financial Crimes Enforcement Network issued its Mortgage Loan Fraud update reports for the first 2 quarters of 2010. Those reports included statistics relating to “suspicious activities” regarding appraisal activities. It found that between 5 and 6 percent of the overall reports of suspected mortgage fraud in the first half of 2010 had some connection to appraisal activities. There were 1,577 appraisal related filings in the second quarter of 2010 and appraisal-related suspicious activity was reported in 1,484 filings in the first quarter.

The reports can be found at www.fincen.gov/news_room/rp/files/MLF_Update_1st_Qtly_10_FINAL.pdf and www.fincen.gov/news_room/rp/files/MLF_Update_2nd_Qtly_10_FINAL.pdf