06
Jul
09

Utah Off the Top Ten List for Mortgage Fraud

Here is a brief but very HAPPY article I wanted to share with you!

Utah off Top 10 list of states with mortgage fraud
March 17, 2009

SALT LAKE CITY — The number of mortgage fraud cases has reached an all time high in the U.S.

A report by the Mortgage Asset Research Institute shows a 26 percent increase in the number of cases between 2007 and 2008.

However, there is some good news for Utah; the state no longer makes the top 10on the list.

Utah ranks 11th for mortgage fraud, down from a number five ranking last year.

Gov. Huntsman credits the state’s Mortgage Fraud Task Force for the drop. He said, “This is welcome news for all Utah citizens because when we can conduct business without deceptive or illegal behavior, our whole state benefits.”

This year’s report ranks Rhode Island number one for mortgage fraud followed by Florida, Illinois, Georgia, Maryland, New York, Michigan, California, Missouri and Colorado.


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