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Mortgage fraud activity jumped past $4.0 billion last year — with California and Ohio leading the way.
During 2007, an estimated $4,004,127,260 in mortgage fraud was identified nationwide by FraudBlogger.com. The activity brought the FraudBlogger Index to 607 (revised from 6550). The dollar volume was soared from $1,593,572,894 in 2006, when the index stood at 504 (revised from 5020). The index reflects the number of cases tracked and the dollar amount of those cases. California accounted for $1.6 billion of last year’s activity, with a state index of 680. In 2006, just $0.2 billion in fraud was tracked in the Golden State, when it had a state index of just 380. New York trailed California, with an estimated $0.6 billion in mortgage fraud identified during 2007. New York’s state index was 610. Ohio had the highest state index level, at 720 last year. During 2006, the Ohio state index was only 370. California had the second highest state index level, followed by New York and Florida, which had a state index of 550.
Mortgage Fraud Activity
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