RealClearMarkets - Soaring rates of fraud taint mortgages

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Soaring rates of fraud taint mortgages

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Chart Data

Year	Suspicious activity reports to FBI
2000	3,425
2001	4,210
2002	5,609
2003	6,936
2004	17,127
2005	21,994
2006	35,617
2007	46,717

The most common types of fraud, according to an analysis of FBI statistics by the Mortgage Asset Research Institute, are misrepresentations on applications about income and employment history.

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