Skip to main content

Mortgage Fraud Index Hits Five-Year Low

Apr 09, 2013

The holidays took a toll on mortgage fraud prosecutions as the Q4-2012 Mortgage Fraud Index sank to its lowest level in nearly five years. However, the drop appears to have only been temporary. California saw a big improvement, while the dollar volume in Florida spiked. Mortgage Daily tracked activity on 105 mortgage fraud cases for $1.3 billion during the fourth quarter. The actions are chronicled at the mortgage fraud blog FraudBlogger.com and represent activity on mostly criminal cases filed in local, state and federal courts. It was the fewest number of cases tracked since at least 2007, while the dollar amount hasn't been this low since the first-quarter 2011. Activity fell from 141 cases for $1.7 billion three months earlier and 171 cases for $1.8 billion a year earlier.
About the author
Published
Apr 09, 2013
We Don't Care About You

The signals that unplugging the CFPB sends

Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
CFPB’s Days Numbered?

‘This Spigot … Is Now Being Turned Off’ said Acting Administrator Vought

Treasury Secretary Scott Bessent Named CFPB Acting Director

Bessent says he will work to lower costs, accelerate economic growth

Trump Fires CFPB Director Chopra

Chopra posts a letter to X with his final statements

'Lead Generator Loophole' Remains Open, Court Decides

Lead publisher, LendingTree, commends the court's decision to vacate one-to-one consent rule

Jan 30, 2025