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Nearly 20 percent of mortgage fraud in Q4 took place in Florida

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Florida had the most mortgage fraud activity of any state in the country during the fourth quarter of 2012, according to Dallas-based website Mortgagedaily.com, the South Florida Business Journal Reported. Mortgagedaily.com’s national mortgage fraud index fell to its lowest level in five years, but the rate of mortgage fraud in Florida went up in the same period, the Business Journal noted. During the fourth quarter, the site reported $246.9 million in mortgage fraud cases in [more]

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