Magazine article Mortgage Banking

The Fraud File

Magazine article Mortgage Banking

The Fraud File

Article excerpt

Mortgage Fraud Risk Index for November 2012 TOP 5 MSAs

   Metropolitan Statistical     Mortgage  % Change  % Change
   Area (MSA)                 Fraud Risk     Since     Since
                             Index, Nov.      Nov.      Oct.
                                    2012      2011      2012

1  STOCKTON,CA                       323      9.8%     33.6%

2  VALLEJO-FAIRFIELD, CA             306     15.4%     31.1%

3  TAMPA-ST.                         293     43.5%      4.4%
   PETERSBURG-CLEARWATER,
   FL

4  LAS VEGAS-PARADISE, NV            283      6.0%     18.3%

5  JACKSONVILLE, FL                  276     48.0%     -2.6%

   UNITED STATES                     161     11.8%     18.3%

The national Mortgage Fraud Risk Index is up 5% compared
with a month earlier. Nine of the top 10 riskiest
metros are located within three states: California,
Nevada and Florida.

Property Valuation Fraud Risk Index for November 2012--TOP
5

   Metropolitan Statistical    Occupancy  % Change  % Change
   Area (MSA)                 Fraud Risk     Since     Since
                             Index, Nov.      Nov.      Oct.
                                    2012      2011      2012

1  STOCKTON,CA                       597     -7.6%     46.6%

2  TAMPA-ST.                         568     46.1%      5.8%
   PETERSBURG-CLEARWATER,
   FL

3  VALLEJO-FAIRFIELD, CA             558      0.9%     32.4%

4  LAS VEGAS-PARADISE, NV            534     -9. … 
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