Mortgage Fraud Jumps 45% According to the Mortgage Asset Research Institute

Key Findings: Fraud Most Often Occurs at the Beginning of the Loan Process

RESTON, Va. - December 2, 2008 - Reported incidents of mortgage fraud in the U.S. increased by 45 percent on fewer loan applications in the second quarter of 2008 from a year ago, according to a new report released today by the Mortgage Asset Research Institute (MARISM), a LexisNexis service. The MARI Quarterly Fraud Report is based on data submitted by MARI subscribers on loans originated in the second quarter of this year that have since been classified as fraudulent.

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