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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (114673)4/3/2008 8:49:00 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
Mortgage Fraud Suspicion Soared 44% Before Housing Collapse
bloomberg.com
April 3 (Bloomberg) -- Suspected mortgage fraud by borrowers, brokers and other participants soared 44 percent in the year before the U.S. housing market collapsed, outpacing all other types of dishonest financial activity reported by financial institutions, the Treasury Department said today.