NAFCU To Host Mortgage Fraud Webcast

ge fraud detection and prevention will be at the heart of an upcoming Webcast hosted by the National Association of Federal Credit Unions (NAFCU). ‘The Financial Crimes Enforcement Network recently reported that the number of suspicious activity reports pertaining to mortgage fraud rose 1,411 percent between 1997 and 2005," says NAFCU President Fred Becker. "This is a sobering reminder of how crucial it is for credit unions to keep abreast of the ways lenders are combating the latest scams fraudsters are pulling." Amy Heinz, senior industry relations manager in Fannie Mae's mortgage fraud program, will update participants on common fraud schemes and discuss tactics that credit unions can employ to prevent mortgage fraud. Heinz coordinates Fannie Mae's anti-fraud efforts with Fannie Mae's partners, including the lending community, industry groups and law enforcement. Fannie Mae's affinity relationship manager, Tammy Trefny, will be the Webcast's moderator. The live broadcast is scheduled for June 24, from 2 p.m. to 3:30 p.m. EDT, and NAFCU members can register on the organization's [link=http://www.nafcu.org/fanniemae][u]Web site[/u][/link] or by calling (800) 344-5580. SOURCE

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