Florida Leads Country in Mortgage Fraud Cases

Florida has held the lead on the index, which tracks such activity as indictments and guilty pleas in criminal and civil cases, since the first quarter of this year.

Palm Coast, FL – December 14, 2011

Florida retained its top ranking in the nation for mortgage fraud litigation through September as millions of dollars in bad boom-time loans continue to be discovered by law enforcement and lenders.

A report released Tuesday by industry publication Mortgage Daily showed that Florida’s activity during the third quarter included more than $144 million in suspect loans that were questioned in court.

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