Florida No. 2 in mortgage fraud

Three years after the housing boom turned to housing bust, Florida still churns out fraudulent home loans at nearly three times the rate of the national average. The Tampa Bay area trailed Miami in its rate of fraud. In Miami, the most common trick was listing incorrect assets on a mortgage application, a reflection of that market's higher housing prices. Tampa fraudsters typically worked with inflated housing appraisals to flip a property for fast cash.

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