The Fraud File.

 
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Mortgage Fraud Risk Index for December 2013-TOP 5 MSAs Metropolitan Statistical Mortgage % % Area (MSA) Fraud Change Change Risk Since Since Index, Dec. Nov. Dec. 2012 2013 2013 1 LOS ANGELES-LONG 162 42.9% 20.9% BEACH-SANTA ANA, CA 2 SAN 150 38.9% 12.8% FRANCISCO-OAKLAND-FREMONT, CA 3 SAN DIEGO-CARLSBAD-SAN 146 33.9% 12.3% MARCOS, CA 4 PHILADELPHIA-CAM 142 35.2% 21.4% DEN-WILMINGTON, PA-NJ-DE-MD 5 OXNARD-THOUSAND 136 13.3% 3.0% OAKS-VENTURA, CA UNITED STATES 9R -2.0% -2.0% The Interthinx Mortgage Fraud Risk Index is 98 for December 2013-down 2 percent from November and down 2 percent from a year ago. Four of the five riskiest MSAs are located in California, including Los Angeles-Long Beach-Santa Ana, which is the riskiest MSA in December with an index of 162. Occupancy Fraud Risk Index for December 2013-TOP 5 MSAs Metropolitan Occupancy % % Statistical Area Fraud Risk Change Change (MSA) Index, Since Since Dec. 2013 Dec. Nov. 2012 2013 1 DETROIT-WARREN-LI 217 44.7% 22.6% VONI A, Ml 2 LOS ANGELES-LONG 212 73.8% 17.1% BEACH-SANTA ANA, CA 3 STOCKTON, CA 200 14.3% 20.5% 4 OXNARD-THOUSAND 194 43.7% -18.5% OAKS-VENTURA, CA S RIVERSIDE-SAN 192 -3.0% -9.4% BERNARDINO-ONTARIO, CA UNITED STATES 135 19.5% -6.3% The Occupancy Fraud Risk Index is 137 for December--down 6 percent from November but up 20 percent from a year ago. Detroit-Warren-Livonia MI has the highest occupancy fraud risk in December, with an index of 217. The other four MSAs in the top five are all in California. Interthinx's Fraud Risk Indexes are calculated based on the frequency with which indicators of fraudulent activity are detected in mortgage applications processed by the Interthinx FraudGUARD* system, a loan-level fraud-detection tool available...

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