Following a large increase in depository institution Suspicious Activity Report
(SAR) filings on mortgage loan fraud, the Financial Crimes Enforcement Network
(FinCEN) issued a report in November 2006 describing trends and patterns
shown in SARs reporting suspected mortgage loan fraud filed between April
1, 1996 and March 31, 2006.1 FinCEN has continued to monitor these reports. This
analysis updates the previous report by reviewing SARs filed between April 2006
and March 2007.