Worst Street in America for mortgage fraud in Orlando (actually, there are five of the top 10 roads)

After 2010, the mortgage fraud industry trends report published by Core Logic, risk of fraud in the mortgage market fell by 25 percent since its peak in the third quarter of 2007. Although the downward trend is still estimated that caused $ 14000000000 fraud losses experienced in 2009.

Core Logic "fraud index canDrill Down to countries at risk show, cities and even fraud, the roads have the highest mortgage. Highlights of the report:

Total risk of mortgage fraud has fallen steadily since 2006 and seems to have stabilized in 2009
Short sales volume in the first quarter 2008 to fourth quarter of 2009 to more than 300 percent increase
Almost one in every 200 are short sales "very suspicious" by lenders meaning the property was sold at less than 60 days aftershort sale and the sale price was more than 20 percent higher than the price of short sale.
The most common type of mortgage fraud (31 percent) is tied to the borrower's income.
The states with the highest risk of mortgage fraud are Florida, South Carolina, North Carolina, California and Georgia.
ZIP Codes highest risk are Jamaica, New York, Orlando, FL, Miami, FL, Atlanta, GA and Detroit, Michigan
The score line is better for mortgage fraud in Orlando. Indeed, 510 of the top ten lines with the highest risk of mortgage fraud in the report were in Orlando. Other cities with roads in the Top 10 were Prior Lake, MN, Chicago, IL, Oakland, CA, Atlanta, GA, and Urbana, IL.

What do you think? You can also see the "dangerous road". In the case of the road in Orlando the report does not give a name, but said there were 28 loans on the road from 2007 to 2008, was the same company to the seller in most cases and the features are now available for saleAbout 10 percent of what originally "sold" to.

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