Mortgage Fraud Ticked Up in First Quarter Report

first_imgMortgage Fraud Ticked Up in First Quarter: Report Agents & Brokers Attorneys & Title Companies Housing Affordability Lenders & Servicers Mortgage Fraud Processing Service Providers 2012-06-25 Tory Barringer June 25, 2012 424 Views Although mortgage fraud activity seems to be leveling off, a report from “”MortgageDaily.com””:http://www.mortgagedaily.com/ showed that mortgage fraud continues to cause foreclosure problems for the most victimized states.[IMAGE]The “”_Mortgage Fraud Index_””:http://www.mortgagedaily.com/FraudIndex.asp, which reflects mostly criminal cases involving law enforcement and court proceedings, showed that mortgage fraud crawled up in the first quarter of 2012. The index was 1151, slightly above Q4 2011’s 1141 index. The highest recorded index was 2790 in fourth-quarter 2008.””Activity has been fairly consistent as smaller mortgage bankers hit with repurchases continue to uncover fraud committed during the housing boom years,”” said _Mortgage Daily_ founder and publisher Sam Garcia. “”We continue to see a correlation between elevated fraud levels and foreclosures in states like Arizona, California, and Florida.””[COLUMN_BREAK]According to Garcia, most of the cases involve crimes committed five or more years ago, a sign that improved technology and increased fraud prevention practices are reducing losses on recent cases.Florida held the highest state index with 163. The state has held the number-one position for four of the past five quarters. For the first time since the index’s inception in 2006, North Carolina broke into the top five with an index of 53.Florida also sat in first place based on dollar amount involved, with losses more than doubling from the previous quarter. Florida has been in the top five states in this category in nearly every report since the index launched.*Top State Indices* ├â┬ó├óÔÇÜ┬¼├é┬ó Florida (163)├â┬ó├óÔÇÜ┬¼├é┬ó California (160)├â┬ó├óÔÇÜ┬¼├é┬ó Minnesota (70)├â┬ó├óÔÇÜ┬¼├é┬ó Ohio (60)├â┬ó├óÔÇÜ┬¼├é┬ó North Carolina (53)*Top States by Amount* ├â┬ó├óÔÇÜ┬¼├é┬ó Florida ($260 million)├â┬ó├óÔÇÜ┬¼├é┬ó North Carolina ($226 million)├â┬ó├óÔÇÜ┬¼├é┬ó California ($208 million)├â┬ó├óÔÇÜ┬¼├é┬ó New York ($144 million)├â┬ó├óÔÇÜ┬¼├é┬ó Nevada ($134 million) in Data, Government, Origination, Servicing, Technology Share Sharelast_img read more

September 2 2003 CENTURY PLANT This cluster of C

first_imgSeptember 2, 2003CENTURY PLANT: This cluster of Century Plants [Agave Americanan] grows behind the Ceramics Apse. One of the plants has begun to grow its flower stalk. This first photo was taken on 5/1 of this year. [Photo & text: sa] >>left>> There is a remarkable difference in size on 5/6. >>right>> This photo was taken on 5/12. [Photo & text: sa] >>left>> 5/22 We did not measure the size but the push of this plants effort is amazing. >>right>> On 5/28 little branches have sprouted at the top portion of the stalk. [Photo & text: sa] >>left>> On 6/9 buds have grown on the branches and >>right>> on 6/27 the beautiful flowers are visited by busy bees. [Photo & text: sa] The stalk of this plant turns into a very light, hollow wood, with solid branches and large seedpods on those branches. It has been observed that this kind of stalk can be used for a version of the aborigin instrument digereedoo. This report will continue. [Photo & text: sa]last_img read more

Rep Frederick to play key role in effort to reform auto insurance

first_img17Jan Rep. Frederick to play key role in effort to reform auto insurance Categories: Frederick News State Rep. Ben Frederick has been appointed to serve on a new committee specifically tasked with crafting a solution to lower auto insurance rates for Michigan drivers.Frederick, of Owosso, said the temporary House special committee will focus on auto insurance and work to deliver a lasting remedy to one of the most pressing issues facing the state – Michigan’s highest-in-the-nation car insurance premiums.“Nearly every day I hear from people who are sick and tired of paying sky-high premiums for their car insurance,” Frederick said. “I’m looking forward to working with colleagues from both sides of the aisle on this important committee to deliver a much-needed solution that lowers rates while protecting important health care services for people who are injured in car accidents.”The House Select Committee on Reducing Car Insurance Rates will be one of a select few panels with the authority to report legislation to the House floor for consideration this term.###last_img read more