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Florida among top three states for mortgage fraud

Posted: 2:21 AM, Sep 27, 2018
Updated: 2018-09-26 22:27:51-04
Florida among top three states for mortgage fraud
Florida among top three states for mortgage fraud

TALLAHASSEE, Fla. (WTXL) - Florida remains one of the top three states for mortgage application fraud risk.

That's according to Core-Logic's latest Mortgage Fraud Report.

Among the top 25 metro areas, the Tampa Bay area ranked eighth in the risk-of-application fraud.

Reports say that type of fraud is increasing as the lending market shifts from re-financings to purchase loans.

Will Shepherd of the Tallahassee Board of Realtors says sometimes mortgage fraud can be done unintentionally and sometimes people fill out applications and forget to list funds that were given to them in the process.