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The 1990s was a heady time to be in the U.S. mortgage lending business. executives working back then witnessed the run-up to the historic refinance boom that would see more than triple the annual volume of home loans written. By the turn of the century, the industry was on fire, fueled by borrowers. Keep Reading
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Florida leads the nation in mortgage fraud Florida had the most mortgage fraud activity of any state in the country during the fourth quarter of 2012, according to Dallas-based website.
Yes, Florida once again led the nation in mortgage fraud. Miami-Dade walks away with the team MVP award too, as 5 percent of all mortgage fraud cases in the nation take place right here.
Want a mortgage tax forgiveness extension? Act now Homeowners face tax bump with end of mortgage law. TRD New York /. December 17, 2013. Underwater homeowners trying to get their financial bearings are in for a shock, with the expiration of a 2007 tax break on forgiven mortgage debt set to take effect if Congress doesn’t act.
As can be seen, the difference between a breach of contract claim and a fraud claim is a very fine line. In essence, breach of contract claims are opinion driven and the typical remedies are non-punitive (i.e. do not punish the other party) with the remedies being limited to economic loss.
Interthinx: Nevada Leads The Nation In Mortgage Fraud Risk admin – March 29, 2012 – Leave a comment by MortgageOrb.com on Thursday 29 March 2012 Nevada tops the nation in mortgage fraud risk, while five of the six New England states have experienced the largest changes in mortgage fraud risk between 2010 and 2011, according to the annual.
South Florida is the nation’s capital of mortgage fraud, property data firm CoreLogic says.
A summary of the findings show that Florida still leads for mortgage fraud incidents. The LexisNexis examination of 2013 data identified that: Florida’s LexisNexis Mortgage Fraud index (mfi) ranked first in the nation for loans investigated in 2013.
Florida topped the nation in mortgage fraud for the second year running, according to a report released today by the Mortgage Asset Research Institute (MARI). Nevada and Michigan followed in a close second and third, respectively, according to the study.