Mortgage Fraud on the Rise
The adjusted FraudBlogger Index—a measurement of mortgage fraud activity maintained by MortgageDaily.com—increased more than 18 percent from the fourth quarter of 2007 to the first quarter of 2008.
Based on activity by state, activity jumped the most in Florida, Ohio, and Georgia. Texas also took a turn for the worse.
Rank State Dollar Amount Adjusted Index Value Q1 2008 Adjusted Index Value Q4 2007 Adjusted Index Value Q1 2007 1. Florida $103.7 million 107 60 23 2. Ohio $109.8 million 90 30 77 3. Georgia $163.8 million 57 40 40 4. Texas $15.0 million 47 17 20 5. Pennsylvania $19.7 million 40 20 3
Full release here.
Tags: mortgages | crime | fraud
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Reader Comments
Nevada
I'm surprised Nevada wasn't on the list. Here is a good example of why: http://www.lvrealty.net/news/las-vegas-real-estate-scam All that since January, with much more to come I'm sure.
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