Home Mortgage Fraud Jumps
The Mortgage Asset Research Institute in a recent report showed that incidents of mortgage fraud and misrepresentation by professionals in the mortgage industry in the U.S. increased 7 percent from 2008 to 2009. The pace has slowed since the 2007-2008 increase of 26 percent.
Florida, ranked number one in the country for mortgage fraud and misrepresentation, followed by Rhode Island. Rounding out the top 10 list were: New York, California, Arizona, Michigan, Maryland, New Jersey, Georgia, Illinois, and Virginia. Rhode Island was not included in the top 10 list because the state’s sample size did not meet the minimum requirements set for the survey.
Fresno California real estate lawyers
If you enjoyed this post, make sure you subscribe to my RSS feed!
2 Comments
Trackbacks & Pingbacks
Comments are closed.
Admiring the dedication you put into your site and detailed information you present. It’s good to come across a blog every once in a while that isn’t the same out of date rehashed information. Great read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.