Mortgage Fraud Up 44% in First Quarter

May 2, 2011 by

Mortgage Fraud Up 44% in First Quarter

The first three months of 2011 saw a 44 percent increase in the volume of mortgage fraud case activity, according to industry data released this week. The cases reported represent fraud on an estimated $1.2 billion in real estate loans, rising from $0.9 billion in the final period of last year.

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