Reported incidents of subscriber-verified mortgage fraud and misrepresentation by industry professionals have decreased from 2009 to 2010, according to a recent report by the LexisNexis Mortgage Asset Research Institute. Actual incidents, however, as opposed to reported, are believed to be up.

From year-to-year, there were 41% fewer reported fraud incidents throughout the nation. LexisNexis said this was the first time in several years that there was a decrease.

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