California third in nation for mortgage fraud, report says – Sacramento Business, Housing Market News | Sacramento Bee

While overall mortgage fraud reports are down, California continues to be among the worst states in terms of such crime – trailing only New York and Florida for fraud on loans originated in 2010, according to a report released Monday.

The annual report from the Lexis-Nexis Mortgage Asset Research Institute highlighted the challenges facing states like California as they grapple with the ongoing aftermath of the subprime mortgage crisis.

“Fraud is and will always be a crime of opportunity, especially in times of desperation,” the report said.

The annual report is based on verifiable cases of fraud reported to the institute’s Mortgage Industry Data Exchange, or MIDEX.

Click below to read the full article.

Sacramento Business, Housing Market News | Sacramento Bee

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We represent consumers and in Chapter 7 and 13 bankruptcy cases within the United States Bankruptcy Court for the Central District of California. Get a fresh start! Nosotros representamos a individuos y pequeñas empresas en el Capítulo 7 y 13 casos de bancarrota en el Tribunal de Quiebras de los Estados Unidos para el Distrito Central de California. Empiece de nuevo!
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