Mortgage fraud is rising

Source: Michele Lerner, Washington Post (Paid Registration)

Mortgage fraud was so rampant during the height of the housing bubble in the mid-2000s that real estate industry insiders started to refer to some mortgages as “liar’s loans."

The biggest jump in a specific type of fraud was income fraud, which was 22 percent higher in the second quarter of 2018 compared with the second quarter of 2017.

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