Paul Sakuma, Associated Press
Potential mortgage fraud nationwide rose in the third quarter of last year due to significant increases in five metropolitan areas, according to Business Insider.
“This spike in potential fraud is troubling, coming at the same time the mortgage industry is beginning to turn the corner,” said Rob Bazzani, president of Kroll Factual Data, to Business Insider.
Flint, Mich., had a potential mortgage fraud increase of 50.32 percent on a quarterly basis. This was the largest of any metro area by far, in areas where 1,000 or more applications were processed.
Columbia, Mo., was the next closest increase at 29.77 percent. Close behind was Lancaster, Pa., with a jump of 28.83 percent. The other major increases include Tacoma, Wash., at 25.68 percent and Santa Fe, N.M., with 24.24 percent.
- The 10 most livable small towns
- Dave Ramsey says: Don't leave an estate with...
- Closet clutter: How having fewer,...
- Most American high schoolers don't know how...
- Z'Tejas closing after 13 years at The Gateway
- Balancing act: Survey says lack of balance,...
- Sneaky tricks restaurants use to make you...
- Utah unemployment rate second lowest in U.S.,...
- Most American high schoolers don't know... 12
- Balancing act: Survey says lack of... 4
- Consumers are padding their checking... 2
- Teen drivers hike Utah car insurance 89... 2
- Before you head off on your vacation,... 2
- Sneaky tricks restaurants use to make... 1
- Dave Ramsey says: Don't leave an estate... 1
- Closet clutter: How having fewer,... 1