After further research it appears that the NFA has misinterpreted both ABI and IFB. It was recorded that £1.3 billion cost this much, but it is believed that a further £2.1 billion may still go undetected (Insurance Fraud Bureau, 2014). ABI and IFB both reported the same statistics in their reports along with other websites, which makes them more credible unlike the NFA which reported incorrect statistics. Therefore, there may be other incorrect statistics in the NFA report. Mortgage Fraud In 2012 the mortgage fraud rate increased to 38 per 10,000 applications, compared to 35 per 10,000 in 2011. (Eaves. D, 2013). In 2013, mortgage applications increased significantly to 82 out of 10,000 mortgage applications deemed fraudulent, compared to 2014 where fraudulent mortgage applications fell to 79 out of 10,000 (Experian, 2014). These applications have been blamed for the rise in mortgage fraud. Experian, a credit reference website, produced a report in 2013 to show that mortgage fraud has been on the rise over the past 6 years (Experian, 2013). Experian is an independent company that helps the government produce reports on different types of fraud. Because it is independent, they are less likely to fabricate statistics as they will not benefit from the formulation of the data. Therefore, this makes it more likely that the data from this particular source is accurate and