Mortgage fraud losses may total £1.2bn this year
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Experian last week predicted that mortgage fraud losses could hit £1.2bn in 2010.
The warning came as Bradford & Bingley revealed it has set aside £388m to cover losses incurred due to fraud.
More than 5,000 identity fraud victims sought help from the credit search firm in 2009 - a rise of around 20% compared with 2008.
First-party fraud, where individuals manipulate their own information, rose from 28% of all fraud cases in the first three quarters of 2009 to 46% in Q4.
Nationalised lender B&B mentioned its fraud buffer in its annual results report on Friday.
It carried out a review of its mortgage book last year to search for suspected instances of mortgage fraud and professional negligence.
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