| PRESSÂ RELEASE
Mortgage Fraud Index Jumps
DALLAS — (April 15, 2008) Mortgage fraud surged in several states — lifting the first quarter FraudBlogger Index higher. The index is published and maintained by https://www.mortgagedaily.com. The adjusted FraudBlogger Index was 713 during the first quarter, rising from 600 during the fourth quarter 2007. A year earlier, the adjusted index stood at 510. Just over $1.0 billion in fraud cases were tracked during the latest period, climbing from $0.7 billion in the fourth quarter but well off $1.8 billion in the first quarter 2007. 1st Quarter Index Comparison:
Based on activity by state, activity jumped the most in Florida, Ohio and Georgia. Texas also took a turn for the worse. Ranking By State:
“While we saw a drop in the dollar amount of mortgage fraud tracked when compared to a year ago, all other indicators worsened,” MortgageDaily.com Publisher Sam Garcia said. “By state, the level of mortgage fraud activity has more than doubled in Texas when compared to the prior quarter and a year earlier.” The complete report, including the fraud index level and dollar volume for each state is available to MortgageDaily.com subscribers at: Complete mortgage fraud activity is comprehensively chronicled at: In depth mortgage industry fraud issues are reported at: About the FraudBlogger Index About MortgageDaily.com CONTACT: Source: MortgageDaily.com
|
||||||||||||||||||||||||||||||||||||||||||||||||
back to current headlines
