Summary
LAS VEGAS, May 16, 2011 /PRNewswire/ -- The first three months of this year brought a 44 percent increase in the dollar volume of mortgage fraud case activity, according to the First-Quarter 2011 Mortgage Fraud Index from MortgageDaily.com. The report, which is being announced from the floor of the Global Technology Summit 2011, indicated that prosecution of mortgage fraud occurs around four years after the crime.
The Mortgage Fraud Index climbed to 990 from the fourth quarter's 126. The index, which is based on mortgage fraud case activity tracked at the mortgage fraud blog FraudBlogger.com, was lower than 1144 in the first-quarter 2010.See the full content of this document
Extract
Q1 Mortgage Fraud Index Up 44%
The cases covered by the index represented fraud on an estimated $1.2 billion in real estate loans, ris...
See the full content of this document
Sponsored links
