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Mortgage fraud trends application fraud remains high

2003 2002 2001 2000

Applications 60% 61% 68% 62%

Tax & Financial Statements 38% 32% 25% 26%

Verifications of Employment 12% 14% 17% 19%

Verifications of Deposit 12% 15% 17% 22%

Escrow/Closing 9% 16% 17% 19%

Appraisals/Valuations 12% 19% 18% 24%

Credit Reports 1% 2% 2% 2%

Note: The total percentage for each year exceeds 100% because most reported incidents of mortgage fraud involving more than one type of fraud.

Source: Case submissions to the MIDEX system.

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