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 patternsshown in SARs reporting suspected mortgage loan fraud filed between April1, 1996 and March 31, 2006.1 FinCEN has continued to monitor these reports. Thisanalysis updates the previous report by reviewing SARs filed between April 2006and March 2007.