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Interthinx Sees Mortgage Fraud Rise Since 2008 

Aug 25, 2009By

Mortgage fraud is expected to increase over the next three years as a large number of adjustable rate mortgages (ARMs) reset between now and Q112, according to a recently established quarterly fraud index by Interthinx. Interthinx, a division of Jersey City, NJ-based risk analytics provider ISO, indicated its national fraud index is down 4% from Q109 and up 7% from Q208. The firm said valuation fraud — the most common type of mortgage fraud — is up 56%, but occupancy fraud and employment/income fraud declined 25% and 33%, respectively.

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