Mortgage Application Fraud Highest in Florida

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Loan applications for real estate purchases are more likely to have fraud than for. The biggest jump in mortgage fraud risk was due to income. The areas with the highest rate of fraud risk are New York, New Jersey, Florida,

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Mortgage Fraud in Florida, Alex Sink Department of Financial Regulatin Mortgage Fraud Cases in Tampa, FL When mortgage fraud is prosecuted in state court it is often prosecuted under Florida Statute 817.545(2) & (5). If you have been accused of Mortgage Fraud in Florida then it is important to talk with a criminal defense attorney as early in the case as possible.

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The highest year-over-year growth in mortgage application fraud risk was noted in Florida, where it was up 72.6% compared with the second quarter a year ago. The states rounding out the top five are.

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The company’s national mortgage application fraud Risk Index increased only slightly in the first quarter of 2019 from the end of 2018 and is at 152. This is a 6 percent increase year over year from 144 in the first quarter of last year. florida remains the fraud capital; eight of the top 15 metro areas on the fraud index are in the state.

Mortgage loan applications in South Florida had the second-highest rate of defects, including fraud, among the nation's 100 largest metro areas.

New York, New Jersey, and Florida remain the top 3 states for mortgage. The CoreLogic Mortgage Application Fraud Risk Index increased 12.4 percent.