Fla. Leads in Loan Fraud

Published in The Ledger, Lakeland, FL : Monday, August 25, 2008 at 10:20 p.m.
Last Modified: Monday, August 25, 2008 at 11:19 p.m.

Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday. Properties in the Sunshine State accounted for nearly a quarter of all mortgage fraud incidents, the Mortgage Asset Research Institute said. The report is based on data submitted by MARI subscribers about loans that were originated in the first quarter of this year and have since been classified as fraudulent. The most common mortgage fraud cases included misrepresenting income, employment history, and debt and assets.

Posted by Dave Hohman on August 26th, 2008 7:01 AMPost a Comment (0)

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Polk County Home Value Continue Decline

August 26th, 2008 7:07 AM

Polk County home sales were up about 4 percent in July from the year before, the area's first annual gain in more than two years. Median home values continued to sink, however. READ MORE

Posted by Dave Hohman on August 26th, 2008 7:07 AMPost a Comment (0)

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Weak rules cripple appraiser oversight

August 26th, 2008 6:56 AM

Weak rules cripple appraiser oversight
Aug 19, 2008
AP IMPACT: Toothless rules, bumbling regulators cripple oversight of real estate appraisers

CHARLOTTE, N.C. (AP) -- As soaring home prices set the stage for America's great housing meltdown, a critical step in making sure those home sales were a fair deal -- the real esta . . .read more

Posted by Dave Hohman on August 26th, 2008 6:56 AMPost a Comment (0)

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