TowerGroup: Losses Resulting from Mortgage Fraud in U.S. Will Reach $2.5 Billion in 2008

For U.S. companies the mortgage fraud software can be provided as a software as a service with analysts offshore. This will bring a cost-efficient and robust business analytics solution to this problem for financial institutions. As the Federal Reserve Board discuss the new oversight requirements for investment banks that are borrowing money from the Fed the requirement of a robust fraud prevention program could become a requirement.