Mortgage Fraud – A Five-Year Rising Trend That’s Set to Continue

Source: Mortgage Finance Gazette, 7th August 2012

Nick Mothershaw, report author and director of identity and fraud at Experian, shares some of the insights, analysis and findings with Mortgage Finance Gazette.

This year’s rise in mortgage fraud marked its fifth consecutive annual uptick. It was an increase that saw the headline figure record an 8 per cent increment from 2010 to 2011. Together with smaller rises in insurance and current account fraud, the rise in mortgage fraud was a significant driver in the increase in overall fraud rates across all financial services products…