FBI: Real estate cyberfraud rises with more AI scams

📰 It's Monday, and we are here for you. Today's newsletter is 469 words, 2 minutes.

1. FBI: Real estate cyberfraud rises with more AI scams

The FBI’s Internet Crime Complaint Center (IC3) received 12,368 real estate fraud complaints in 2025, with $275.1 million in losses. Business email compromise — the scheme most commonly targeting wire transfers at closing — ranked second overall in cyber crime losses at $3 billion.

AI is making things worse. Fraudsters are using voice cloning and deepfakes to impersonate executives and redirect wire payments. IC3 received more than 22,000 complaints referencing AI last year, with nearly $900 million in losses tied to those schemes.

On the recovery side, the FBI's Financial Fraud Kill Chain froze $679 million of $1.16 billion in attempted thefts in 2025 — a 58% success rate.

2. New American Funding opens its first Nebraska branch

NAF has launched One Goal Mortgage in Omaha, marking the California-based lender's first physical presence in Nebraska. The branch covers the Omaha metro and southwest Iowa.

It's led by Rachel Pierce, a 17-year mortgage veteran who did $52.7 million in volume last year. She spent 16 months evaluating her options before landing at NAF, bringing her full team with her.

One Goal Mortgage offers conventional and government loan programs, as well as nonqualified mortgage (non-QM) and specialty products for borrowers with complex financial profiles

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3. More Nuggets

🤝 LoanDepot taps Figure to launch 5-minute loan product. (loanDepot)

📊 VantageScore expands RiskRatio as credit pressure builds. (NMP)

🩺 Non-banks see opportunity in physician mortgage niche. (NMN)

🤖 Cotality plugs Property Intelligence into the AI stack. (Cotality)

4. Homeowners sue Unison, calling its equity-sharing agreements deceptive loans in disguise

A Colorado couple is suing Unison in a class-action complaint, alleging the home equity investment company misled them about what they were signing.

The Kanes received $87,000 upfront and now owe up to $278,618 to exit the agreement — a bill they say bears no resemblance to the "no debt, no interest" product they were sold.

The lawsuit argues Unison's agreements function as mortgage loans requiring full repayment plus what amounts to interest, often forcing homeowners to sell to satisfy the obligation.

It also alleges Unison discounts the home's initial value, controls the final appraisal, and requires homeowners to cover all property costs during the term — structuring the deal to maximize its own returns.

☀️ You’re all caught up. See you on Wednesday!

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