The Real Deal Miami

Florida tops in mortgage fraud — again

May 09, 2011 03:17PM

Florida is first in the nation for mortgage fraud, according to a report today by the LexisNexis Mortgage Asset Research Institute, but then again, what else is new? Last year was the fifth consecutive year that the state has topped its peers in terms of origination volume for fraudulent loan applications. It was also first in loan investigations for the fourth year in a row. The Miami-Fort Lauderdale metro area ranked fifth in the nation for incidents of fraud in 2010, with 5 percent. [Sun Sentinel]