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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 income. That's according to an annual report on mortgage fraud by the Mortgage Asset Research Institute (MARI), which said Florida and Nevada led the nation in the rate of suspected mortgage fraud cases, followed by Michigan, California, Utah, Georgia, Virginia, Illinois, New York and Minnesota. Colorado showed the greatest improvement in this year's report, falling from ninth place last year to 17th, and leaving MARI's list of the top-10 states for mortgage fraud for the first time in five years. Minnesota also fell from fift...