mortgage fraud

The quick read

What's driving the attention

Mortgage fraud cases have surged significantly in New Zealand, involving high-value property schemes.

There has been a significant increase in mortgage fraud cases in New Zealand, with reports of high-value schemes involving millions of dollars. Authorities are actively investigating and charging individuals, including two women allegedly involved in a $5 million property fraud. The Financial Markets Authority has noted a 'significant lift' in such fraudulent activities, highlighting growing concerns over financial crimes impacting the property market.