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Mortgage Fraud Continues to Increase

By Author on Wed, 04/28/2010 - 19:29
Mortgage Fraud

A new report has been released by the LexisNexis Mortgage Asset Research Institute, stating that the reported incidents of mortgage frauds increased by 7 percent from 2008 to 2009. This increase is on top of the 26 percent increase that occurred between 2007 and 2008.

Mortgage fraud is a serious problem, as it increases the risk taken on by lending agencies. Even though the percent increase did not increase nearly as much as it did in 2007, that does not mean the problem is going away.