Mortgage fraud on the rise
Tied for third on the most-fraud list? Maryland.
Florida is first, California second and the other tied-for-third states are Illinois and Michigan.
MARI says that a quarter of the fraud reported in Maryland was in the Baltimore metro area. In Illinois, on the other hand, almost all the reported fraud originated in the Chicago area.
By "fraud," the company means anything from false income information to doctored closing documents -- whether submitted by the borrower or another party. Much of the Maryland fraud was related to tax documents and other financial information, MARI says.