Today there are far more identities of U.S. residents on record than there are actual residents -- and the bad news is that 2006 is likely to be the worst year ever for identity theft, according to a company called Edentify.The good news is that actual losses from identity theft are continuing to fall, as consumers and lenders become aware of identify theft-related fraud at earlier stages, the Bethlehem, Pa.-based company says. Edentify offers patented measures for companies and individuals to prevent identity theft, including an "identity escrow account" that enables consumers to maintain ownership of their own biometric identity verification for every financial transaction they do. Though the mortgage application is a gold mine of borrower information, the mortgage industry is better than most at protecting borrower information, an Edentify spokesman said. The company can be found online at http://www.edentify.us.

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