Incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases.Properties in the Sunshine State accounted for nearly a quarter of all mortgage fraud incidents.The most common mortgage fraud cases included misrepresenting income, employment history, and debt and assets.Mortgage fraud has represented about $1 billion in losses over the past decade.Maryland had an unusually high percentage- 69 percent of its cases involved tax return and financial statement misrepresentation.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment