According to the latest data from the Federal Bureau of Investigations these 10 cities were the leaders in mortgage fraud in the country.
Typically the mortgage fraud were misstatements on mortgage applications that lead to loans being improperly made.
Mortgage fraud is one of the contributing factors to the housing bubble and the recession we are now in.
Top 10 Cities For Mortgage Fraud
- Los Angeles
- Miami
- San Francisco
- Chicago
- Sacramento
- New York
- Tampa
- Detroit
- Minneapolis
- Atlanta
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Thanks for the info, though it’s sad to know that Mortgage Fraud incident is getting worse than before.