Mortgage Fraud Risk Index Reaches Highest Level Since 2004: Interthinx

The risk of mortgage fraud is on the rise. According to the quarterly Mortgage Fraud Risk Report released Tuesday by Agoura Hills, California-based Interthinx, overall mortgage fraud risk in the first quarter of 2010 jumped 4 percent from the previous quarter and was 11 percent higher than the same quarter a year ago. The quarter-to-quarter surge brought the fraud risk index to a value of 151. This, Interthinx said, is the first time since 2004 that the index has exceeded 150.

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