"Although the total dollar loss on mortgage fraud is unknown, First American CoreLogic, using mortgage loan data representing 97 percent of all U.S. properties, estimates that $14 billion in fraudulent loans were originated in 2009 — $7.5 billion in Federal Housing Administration (FHA) loans and $6.5 billion in conforming loans, the report said."


mortgagemess at 15:56 2010-06-17 said:
This article is absolutely correct...I believe that fraud is not very difficult today even with all the changes in the system...like anything else..adaptation is easy... Permalink

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