New York and Florida Ranked As Worst States for Mortgage Fraud

According to the fourth-quarter mortgage fraud index, the number of mortgage fraud cases climbed during 2009, and New York and Florida were ranked as two of the worst states for mortgage fraud activity. The index, which is based on mortgage fraud activity and the number of cases being prepared by federal prosecutors, hit 1,677 in 2009, up from last year’s rating of 1,488, as the overall amount declined slightly to $5.31 billion from last year’s $5.38 billion.