“Reported incidents of subscriber-verified mortgage fraud and misrepresentation by professionals in the mortgage industry in the U.S. have decreased from 2009 to 2010, according to a new report released today by the LexisNexis® Mortgage Asset Research Institute. Florida, ranked number one in 2009, is once again first place in the country for reported mortgage fraud and misrepresentation based on the Mortgage Asset Research Institute Fraud Index. Florida also has just over three times the expected amount of reported mortgage fraud and misrepresentation for its origination volume. New York remained in second place, followed by California in third. The 13th Periodic Mortgage Fraud Case Report examines the current state of subscriber-verified residential mortgage fraud and misrepresentation in the U.S. committed by industry professionals, based on data submitted by LexisNexis Mortgage Asset Research Institute subscribers.”
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