Industry NewsMortgage

Report: Mortgage fraud up 31% in 2007

Falling home prices unmasking application fraud
Published on Mar 13, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

The number of suspicious activity reports related to mortgage fraud increased 31 percent in 2007 compared to the year before, to 46,717, with 60 percent of those incidents involving false claims on loan applications such as employment history and claimed ...