TCPalm (FL) (04/03/08); Price, Wayne T.
In a report to the Mortgage Bankers Association, the Mortgage Asset Research Institute identified Florida as the No. 1 state for mortgage fraud in 2007--the second consecutive year that it headed the list. While 2007 generated the lowest number of mortgage originations in five years, the volume of delinquencies and foreclosures soared to record highs. According to the Mortgage Fraud Case Report, the most prevalent types of fraud last year involved misrepresentations of employment history and income. After Florida, mortgage fraud was highest in Nevada, Michigan, California, Utah, Georgia, Virginia, Illinois, New York and Minnesota.
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