You are here: Home >> mortgage fraud
by cash4lancaster on May 12, 2011
Reports of nationwide mortgage fraud is down by 41 percent in 2010, California became the third U.S. city with most cases fraud cases according to industry tracker.
Earlier California was ranked 10th in the 2009 report prepared LexisNexis Mortgage Asset Research Institute.
It is based on confirmed cases of fraud reported to the Institute by lenders and others in the mortgage industry. The figures are converted into a classification index.
Florida has been ranked for the first time since 2006.
But California is catching up. This is because Los Angeles area accounted for 17 percent of mortgage originations last year, maximum in the country.
State's score also likely to jump as a short sale accounted for a big chunk of the sales, and fraud cases are growing in these areas of the market, the company said.
Fraud cases has also declined because the perpetrators are now more skilled, the company said.
Find answers for mortgage fraud
Did this solve your question? If not, then read following articles, answers and questions or ask a new question.
According to the latest reports the Mortgage Fraud statistics came down by 41%, through out the US. In addition, California has become the 3rd city with most mortgage fraud cases.
According to the latest reports the Mortgage Fraud statistics came down by 41%, through out the US. In addition, California has become the 3rd city with most mortgage fraud cases.
It might have happened a few years ago but there are still some people who feel the effect of the 2009 financial crisis. Fortunately, there are many organizations that came to...
Mortgage and Real Estate - Mortgage And Real Estate Fraud
Pursuant to the real estate market crash of 2007, government officials and agencies across the nation have been facing enormous political pressure to bring to justice those...
How Mortgage Quality Assurance Helps in Eliminating Fraud for Housing Cases
With increasing numbers of frauds and scam cases in every country, mortgage quality assurance plays a very important role in keeping an eye on the ones who commit frauds.
Michigan's Poor Work Ethic Is To Blame For Investment Fraud Allegations
MyHomeSupport for loan mortgage modifications
The following is an article on MyHomeSupport.org and the kind of services they provide in assisting people with their mortgages and saving their homes.
Mortgage Modification With myhomesupport
Loan modification program usually intends to modify the interest rates to help the borrower pay an affordable amount for the loan. Among all the loan modification companies,...
What does the "File current address reported used in true name fraud or credit fraud" mean?
Do I Need a Forensic Loan Audit to Help Stop Foreclosure?
Forensic Loan Audit, Stop Foreclosure, Tila Solutions, Tila, Forensic Loan Review, Mortgage Audit, predatory loan, Fraud, Loan Modification, loan mod foreclosure, mortgage...
Robert Shumake REITs Investing Expert says Know when to Sell
Robert Shumake is a leading expert in real estate investment trusts also known as REITs. When it comes to any type of investing there are generally three things you can do –...
Robert Shumake Keys to REITs Investing
According to Robert Shumake, no matter what investment market you are considering getting into there is one thing that differentiates those that make money from those who lose...
Robert Shumake REITs Investing: The Comfort Zone
Over time in our lives we all get into what is called a comfort zone. When it comes to your daily life it may mean that you prefer the status quo of an 8-hour workday, a meal an...
Robert Shumake Formula for Success Visualization + Education
Robert Shumake, REITs investing expert, says visualization plus education equals success. When you are thinking of making an investment in real estate investment trusts or real...
REITs Expert Robert Shumake says Obstacles are Natural
REITs expert, Robert Shumake, says obstacles are natural, but must be overcome in order to succeed. When people first enter the investment market they come into the field...
Robert Shumake Thinking Positive about REITs Investing
When it comes to investing, there are a lot of negative things going around these days. From all the nay sayers who say the market will never be the same and investing is just...
Robert Shumake Geneating Alternate Income
When you think about investing in real estate investment trusts and real estate mutual funds, why do you think it would be a good idea to invest? Most people think of investing...
Have you ever heard of the Giving Pledge? It’s Bill Gates and Warren Buffet’s pledge to give the majority of their wealth away to charitable causes within their lifetime....
Robert Shumake: The Double Bottom Line
As a business model – and really a life model – I believe in something I call the “double bottom line.” To me, this means that if you make a profit, you also have a...
I’m no stranger to uphill battles. I ran cross country in high school, a race that literally has its ups and downs. I was also on my high school and college track teams as...
Recommended Reading
by Paul2011
Reports of nationwide mortgage fraud is down by 41 percent in 2010, California became the third U.S. city with most cases fraud cases according to industry tracker.
Earlier California was ranked 10th in the 2009 report prepared LexisNexis Mortgage Asset Research Institute.
It is based on confirmed cases of fraud reported to the Institute by lenders and others in the mortgage industry. The figures are converted into a classification index.
Florida has been ranked for the first time since 2006.
But California is catching up. This is because...
My Questions & Articles
Don't forget to follow us!
If you like our tutorials and answers, please give us a +1!