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Florida Leads Nation in Mortgage Fraud

Florida leads nation in mortgage fraud. Florida leads the nation in mortgage fraud – a dubious distinction the state has held for the past five years, according to a new report from LexisNexis Risk Solutions . The Alpharetta, Ga.-based data and analytics firm said Florida’s mortgage fraud rate "is more than five times the expected rate.

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. that paint a troubling picture of the residential mortgage market in South Florida. The tri-county region is the most at-risk metro area in the nation for mortgage fraud. At the same time, local.

Florida Leads the Country in Mortgage Fraud, Again. Yes, Florida once again led the nation in mortgage fraud. Miami-Dade walks away with the team MVP award too, as 5 percent of all mortgage fraud cases in the nation take place right here. According to a report released by LexisNexis Mortgage Asset Research Institute,

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Out of all the states in the union, Florida is the worst in terms of identity theft and fraud. According to the 2012 Consumer Sentinel Network Report from the Federal Trade Commission, Florida leads the nation in incidences of these crimes. Last year, there were a total of 203,768 fraud and identity theft complaints in the state of Florida.

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This fraud represents a decrease in overall mortgage fraud from last year’s second quarter. However, the report also noted that Florida is home to the country’s highest year-over-year growth in mortgage application fraud. The top five list also included New Jersey, Mississippi, Rhode Island and Connecticut.

Florida is the third most populous state with the highest fraud rate by far. SUBSCRIBE FOR MORE VIDEOS AND NEWS http://bit.ly/WPMMba LET’S CONNECT: Facebook.

When it comes to home insurance, homeowners in Florida are paying much, much more than residents in the other states. According to a new study from Insurance.com, Florida homeowners pay an average of.

Florida leads nation in mortgage fraud. Tracking legal actions, such as criminal prosecutions, Mortgage Daily measured $246.9 million in mortgage fraud cases in Florida in the fourth quarter. The much larger California was second at $194.3 million. Nationally, there was $1.25 billion in mortgage fraud in the fourth quarter. That means nearly 20 percent of it occurred in Florida.

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