Real Estate/Development
Aug. 16, 2011
California houses mortgage fraud hot spots
Stockton, Modesto, Riverside, Bakersfield and Salinas are among the top 10 U.S. metropolitan hot spots for mortgage fraud by borrowers, a new study has found.
Daily Journal Staff Writer
Five of the top 10 U.S. metropolitan hot spots for mortgage fraud by borrowers are in California, a new study has found.
Stockton, Modesto, Riverside, Bakersfield and Salinas pose mortgage fraud exposure rates that are among the highest in the country, according to the quarterly report, released last week by financial risk assessment firm Interthinx. The index is based on the frequency of more than 40 r...
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