Mortgage Fraud Still on the Rise, MARI Tells NHEMA
May 12, 2006
Despite the best efforts of industry groups to get their arms around the problem, mortgage fraud is on the rise, a new report from the Mortgage Asset Research Institute indicates. The report, which was commissioned by the National Home Equity Mortgage Association, highlights an issue that is quickly surpassing predatory lending on the list of industry concerns. While lenders have largely learned to cope with the demands of federal, state and local consumer protection…