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Is Mortgage Fraud on the Rise?
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March 2, 2009
All the media surrounding mortgage fraud has everyone on alert. But if one looks closely, they will notice the majority of fraud happened prior to 2008. The fact that it is all being caught and reported now undoubtedly gives the impression that mortgage fraud is a heightening epidemic.
James Thorn takes a look at a recent Wall Street Journal article that he says leaves the incorrect impression that fraud intensified in 2008. Thorn acknowledges that there are those who continue to cheat the system but that fraud incidence today is nowhere near the volume it was in 2005.
Read story at TampaBay.com
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