The Real Deal Miami

Florida again leads country in mortgage fraud

December 02, 2008 12:50PM

Florida remains first in the country in mortgage fraud,
according to a study released today by the Mortgage Asset Research Institute.
Twenty-one percent of the suspicious loans reported by lenders nationwide during the
second quarter of 2008 were for Florida properties, according to the survey.
Florida saw a 5 percent increase in mortgage fraud in the second quarter.