CoreLogic has updated its 2010 Mortgage Fraud Trends Report, which states that mortgage fraud increased by more than 20 percent since the fraud rates reached their lowest point in early 2009. The increase in reported fraud by lenders is attributed to fraudsters migrating toward higher risk, high volume loan programs, including those offered by the Fair Housing Administration (FHA), Home Affordable Refinance Program (HARP), as well as short sales and real estate owned (REO) sales.
Source: CoreLogic
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