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Real Estate & Property Law

: Housing Wire

Report Finds Misrepresentation Behind Mortgage Fraud

By DIANA GOLOBAY

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Mortgages originated in the second quarter of 2008 reflected the trend that mortgage fraud most often occurs at the beginning of the loan process — the application — and an increasing amount of application misrepresentations, according to a quarterly fraud report released Tuesday by the Mortgage Asset Research Institute (MARI). “Successful fraud schemes often rely [...]

Full post as published by Housing Wire on December 02, 2008 (boomark / email).

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