California Real Estate Fraud Report

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03
May

Interthinx 2012 Mortgage Fraud Risk Report Released

Interthinx, an Agoura-based firm that specializes in risk mitigation solutions for the financial services industry, has just released its annual Mortgage Fraud Risk Report. The report covers data and trends by analyzing loan applications processed in calendar year 2012 by its Interthinx FraudGUARD® system.

According to the 2012 report, the Interthinx Annual Mortgage Fraud Risk Index increased 3.4% from 2011. The analysts attribute the increase to rising trend in mortgage fraud risk observed over the prior two years from what they believe is market stabilization, tightening housing inventory and home price increases.

The findings indicate a shift in mortgage fraud schemes from the west coast to east coast. Seven of the “Top 10” states for mortgage fraud are now located in the eastern United States. These states predominantly use judicial foreclosures and were a focal point of robo-signing foreclosures by the major banks before that multi-state lawsuit was settled by the Attorneys General.

For those interested in mortgage fraud trends, this annual report by Interthinx is well-worth reading. Here is the link: http://www.bit.ly/16zgrWu

Read the original article in the Sacramento Bee.

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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