Mortgage fraud risk over the last year seems to have migrated westward, with Nevada and California dominating the 10 riskiest metropolitan statistical areas (MSAs), according to a new study released by Interthinx this week.
One of the study’s most telling findings – the states with the highest overall levels of mortgage fraud risk correspond to the states with the highest levels of foreclosure activity.
Here’s how the numbers stack up. Nevada – which claimed the highest state foreclosure rate in the latest RealtyTrac report – also has the highest mortgage fraud risk, with an Interthinx Fraud Index value of 245.
California, which contains eight of the 10 riskiest MSAs, has the next highest Interthinx Fraud Index value of 176. Guess where it ranked on RealtyTrac’s foreclosure report – No. 2.
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Western States Crowned "Riskiest" for Mortgage Fraud
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Western States Crowned "Riskiest" for Mortgage Fraud
by Otis on Fri Aug 28, 2009 5:48 pm
http://www.dsnews.com/articles/western-states-crowned-riskiest-for-mortgage-fraud-2009-08-28
Don't believe everything you think 
What are they SMOKING?<<Link
What are they SMOKING?<<Link
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Otis - Certified Residential
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