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Mortgage Asset Research Institute
Uncover which States and Mortgage Fraud Types Drove Q4 2008
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Report Highlights and Trends- Reported General Application Misrepresentation and Income Misrepresentation on the Application were not as prevalent for fourth quarter originations as they have been in previous quarters.
- Appraisal Misrepresentation rose during the fourth quarter.
- The top three states for the highest reported incidents of mortgage fraud and/or misrepresentation in the fourth quarter of 2008 are:
- California
- Florida
- New York

