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.
- 4 reasons why you shouldn't shop on Black Friday
- Why Utahns are some of the biggest spenders,...
- The best Black Friday deals of 2014
- Want to save big this holiday season?...
- Immigration reform will boost the economy,...
- Working on Thanksgiving Day? Here's why most...
- Review: 4 shopping apps that will save you money
- 12 ways to get the lowest mortgage refinance...
- Working on Thanksgiving Day? Here's why... 12
- Why Utahns are some of the biggest... 11
- In our opinion: Fear, intentions can... 7
- Immigration reform will boost the... 6
- Thanksgiving trumps Black Friday for deals 4
- Why Salt Lake City is one of the best... 2
- US stocks inch further into record... 1
- 4 unexpected health risks of smartphone... 1