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Loan Modification

: Flipping Frenzy

Mortgage fraud flourishes nationwide

By Ralph Roberts

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With fewer loans being made, you’d think mortgage fraud would be virtually nonexistent. Yet recent data from the Lexis-Nexis Mortgage Asset Research Institute in Chicago show that the incidence of fraud in 2009 increased 7 percentage points over 2008’s levels. In 2008, fraud reports rose 26 percentage points from the previous year. The institute collects and provides [...]

Full post as published by Flipping Frenzy on May 10, 2010 (boomark / email).

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