The economic downturn resulted in a significant increase in which type of crime?

Mortgage fraud scams

Mortgage fraud happens when a dormant homebuyer, agent, or donor distorts or ignores key information which drives to a contract loan consent or courses that the applicant wouldn't ordinarily qualify to receive.

The FBI explains mortgage fraud as any "distortion, deception, or imperfection in connection to a mortgage loan which is relied upon by a lender."

Mortgage fraud is a severe malfeasance and can lead to prosecution and jail time for sentenced offenders.