Newsback - Mortgage fraud incidents up 45 pct in 2Q (AP)

Mortgage fraud incidents up 45 pct in 2Q (AP)

by BackBiz (Posted 12-03-2008 07:47 AM) [View Discussion | Join Discussion | Rate Thread ]

AP - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.

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