There are 1 blog entries for April 2010.
Wednesday, April 28th, 2010 at 7:01am. 2,622 Views, 0 Comments.
Florida once again was rated the top state for mortgage fraud, according to a report released Monday by the LexisNexis Mortgage Asset Research Institute.
Florida also held the annual report's top spot in 2006 and 2007, but was replaced in 2008 by Rhode Island. New York was in second place behind Florida in 2009, followed by California.
The Miami-Fort Lauderdale region ranked fourth among the metropolitan areas studied, institute researchers found, accounting for 4 percent of all mortgage fraud reported nationwide. The New York-New Jersey- Long Island area was first, followed by Los Angeles-Riverside and the tri-state Chicago-Gary-Kenosha region.
The report looked at incidents of alleged fraud and misrepresentation reported by lenders, agencies and