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The LexisNexis 14th Annual Mortgage Fraud Report

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The LexisNexis® 14th Annual Mortgage Fraud Report, July 2012

  • “With still-high delinquency and foreclosure rates, little economic progress in depressed markets, and unscrupulous individuals taking advantage of the financially disenfranchised, 2011 was a bleak year for the mortgage industry. As industry insiders and economic analysts hope for noticeable recovery, 2011’s mortgage loan originations were at their lowest since 2001. However, the business of home buying continues, albeit slowly and with considerable caution…The highest categories for all reported 2011 investigations are Application and Appraisal fraud and misrepresentation. The highest
    categories for reported 2011 originations are Application and
    Verification of Deposit (and other bank-related documentation) fraud and misrepresentation.”

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