Mortgage fraud is still on the rise and New York isn’t dodging the bullet in the crisis. New York came in as the second worst state for mortgage fraud in 2009, according to the Mortgage Asset Research Institute. Mortgage fraud helped to build the housing crisis. Mortgage professionals would get loans for their consumers by doing such things as listing false income claims for borrowers and overstating a home’s appraised value. New York came in as second worst in 2009 for mortgage fraud, with a mortgage fraud index reading of 217, up 14% since 2008.
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You asked, and we answered. A Pittsburgh startup company is introducing a new way to look at homeownership, and it’s creating quite a stir.
Real estate tech company RealPage announced recently that it will be acquiring multifamily real estate engagement solution Modern Message.