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.
- How do Utah wages stack up nationally?
- These three countries offer insights into the...
- Young widows speak out about managing grief,...
- Is the 40-hour workweek falling out of fashion?
- 10 cheapest colleges for out-of-state students
- Balancing act: Survey: Millennials seek...
- Dave Ramsey says: Gaining control of your...
- Utah jobless rate holds steady at 3.4 percent
- How do Utah wages stack up nationally? 50
- Balancing act: Survey: Millennials seek... 13
- Lease or buy: That's the (car) question 11
- Clinton says childcare needs to be a... 8
- Banks fined more than $5B, to plead... 6
- Study: 23 pct of US adults with health... 3
- McDonald's CEO faces shareholders amid... 3
- The college degrees with the highest... 2