Wednesday, December 3, 2008

Report Says Mortgage Fraud Up 45% Over Same Quarter Last Year

A report published by the Mortgage Asset Research Institute says that incidents of mortgage fraud in the second quarter increased 45 percent over the same period last year. Florida, California and Illinois were the states with the greatest increases, according to the report. The Mortgage Bankers Association claims that mortgage fraud cost lenders $1 billion over the past decade.

Read the story here and here.

Find the whole report here.

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