The Orlando area and the state as a whole topped a list of cities and states that were at high risk for mortgage fraud, said an analysis by CoreLogic Inc. The research firm’s 2010 Fraud Trends Report listed Orlando as having one of the highest-risk ZIP codes in the United States, along with Miami, Atlanta, Detroit and Jamaica, N.Y., with an average fraud rate of three to four times the national rate. Additionally, Orlando had five of the 10 highest-risk streets in the nation, where nearly every loan booked appeared to have fraudulent information and the foreclosure rate on the streets was 50 percent or higher.
Orlando among top areas for mortgage fraud
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products