Study shows mortgage fraud increasing

April 27, 2010 4:53:02 AM PDT
Residential mortgage fraud is on the rise. Experts say it's a sign scammers are still targeting the industry despite efforts to stop it.

A study released Monday by an industry research group showed the number of mortgage fraud reports grew 7 percent last year over 2008.

The report also found more scammers are using technology to access information. They are able to remain anonymous when they use the Internet.

Florida has the most reports of mortgage fraud.


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