NYC first in the nation for mortgage fraud

April 26, 2010 04:18PM

New York City was first in the nation for mortgage fraud last year, according to a report by LexisNexis Mortgage Asset Research Institute, released today (see the full report below). The metro area accounted for 12 percent of all suspicious activity reports filed with the Financial Crimes Enforcement Network in 2009, squarely defeating second-ranked Los Angeles, whose suspicious activity reports accounted for 8 percent of the nation’s total. While the LexisNexis did not break down its city data further, a recent report from First American CoreLogic found that South Jamaica, Queens was first in the nation for mortgage fraud between 2004 and 2009. On the whole, New York state has seen a sharp increase in mortgage fraud over the past few years, according to LexisNexis. This year, the state — ranked 18th in 2007 — took second place, behind Florida. TRD
MortgageFraudReport-12thEdition


Comments are closed.