suspicious activity report

Street Cents
5:00 am
Tue April 3, 2012

Cracking down on suspicious home buyers

Not all money used to buy a house is clean.

Since the 1970s, banks have been required to report any suspicious house purchases to the FBI. Now that mandatory reporting is netting mortgage brokers, too. Seattle area real estate appraiser Richard Hagar says that's a good thing since about 80 percent of home loans go through mortgage brokers. 

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