Mortgage con artists find ways around tighter regulation

Despite tighter regulation, mortgage fraud -- including fake applicant data, identity theft and tampered-with credit reports -- is on the rise once more after a drastic reduction in fraudulent activity since 2006, according to investigators and lenders. Losses from mortgage fraud increased by 17% last year, compared with a 57% decrease in 2007 and 2008, according to a CoreLogic analysis of 7 million mortgage loans. "Fraud continues to be a pervasive issue, growing and escalating in complexity," said a report by LexisNexis' Mortgage Asset Research Institute in April. The Wall Street Journal
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