False employment history and claimed income accounted for the most common types of fraud in 2007, according to the Mortgage Asset Research Institute's (MARI) Tenth Periodic Mortgage Fraud Case Report.

The degree of undisclosed debts, liens or judgments also increased by 50% between 2006 and 2007. For the second consecutive year, Florida topped the list in state fraud rankings, according to the report, which was prepared by members of the Mortgage Bankers Association.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.