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Loan Modification

: Mortgage Lender Implode-o-Meter

Report: Mortgage fraud reports to law enforcement up in 2009

By Implode-Explode Heavy Industries

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"Although the total dollar loss on mortgage fraud is unknown, First American CoreLogic, using mortgage loan data representing 97 percent of all U.S. properties, estimates that $14 billion in fraudulent loans were originated in 2009 ? $7.5 billion in Federal Housing Administration (FHA) loans and $6.5 billion in conforming loans, the report said."

Full post as published by Mortgage Lender Implode-o-Meter on June 17, 2010 (boomark / email).

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