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 most charitable states
- Religion contributes to Utah being most...
- Degrees worth investing in
- As times get better can you keep a leash on...
- 9 important money tips every dad should teach...
- Balancing act: Who is in control of your...
- In faith communities, fraudsters prey on trust
- Millennials relying on prepaid cards and...
- Religion contributes to Utah being most... 24
- The future of higher education is... 18
- Want a better return on your college... 17
- In faith communities, fraudsters prey... 10
- New BYU study looks at the power of... 6
- 9 important money tips every dad should... 5
- Sequester cuts hit poor, elderly,... 4
- Is Investing the Same as Gambling? 2