Subscribe to our mailing list

* indicates required Email Address * First Name Last Name Opt-In Date Location

St. Louis Real Estate Search

 

St. Louis Ranked 27th in 2009 For Mortgage Fraud Reports

 

Dennis Norman

The Financial Crimes Enforcement Network (FinCen), a bureau of the U.S. Department of the Treasury, released their 2009 Mortgage Loan Fraud (MLF) study which found the number of mortgage fraud suspicious activity reports (SAR’s) filed in 2009 grew 4 percent compared to 2008.

California Top State for Mortgage Fraud Suspicious Activity in 2009

In terms of the number of SAR’s that were filed indicating that the lender felt there was the presence of fraud on a loan during 2009,California had the most with 26,201 such filings, followed by Florida with 18,320.  Missouri ranked 20th in the U.S. with 1,198 such filings.

 

 

FinCen Mortgage Loan Fraud SAR's by State 2009

Source: Financial Crimes Enforcement Network

 

Los Angeles Top Metro Area for Mortgage Fraud Suspicious Activity in 2009

Los Angeles was at the top of the charts for Mortgage Fraud activity in 2009 according to the report, with 10,656 suspicious loans in 2009, followed closely by Miami-Fort Lauderdale-Pompano Beach, Fl, with 10,089.  St. Louis ranked 27th with 731.

 

 

FinCen Mortgage Fraud SAR's by Metro for 2009

Source: Financial Crimes Enforcement Network

 

 

Print Friendly, PDF & Email

Comments are closed.