Mortgage Fraud also a Troubling Issue in the United Kingdom

Posted by Joachim Bartels | May 8, 2012 | Consumer Credit Information, Experian, Fraud Solutions, United Kingdom, United States | 0 |

Mortgage fraud is not only a troubling issue in the United States, but a major problem in the United Kingdom too, according to data released by Experian. For the fifth consecutive year, the rate of mortgage fraud increased compared to the prior year. In 2011, there was an 8% rise in year-over-year fraudulent mortgage applications in the United Kingdom. Approximately 34 in every 10,000 mortgage applications were deemed to be fraudulent last year throughout this region, compared to just a 15 to 10,000 ratio seen in 2006.

Source: iCopyright

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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