FBI: Downturn brings mortgage-rescue, HELOC fraud schemes 
California, Florida, Georgia lead states for mortgage fraud
By Matt Carter, Thursday, June 28, 2007.With more homeowners facing the possibility of foreclosure, the FBI says mortgage fraud schemes are targeting homeowners seeking financial guidance, and exploiting the home-equity-line-of-credit application process.
The FBI's latest report on mortgage fraud identifies the top 10 states for mortgage fraud as California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas and Utah.
more...
Copyright 2007 Inman News
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
