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Saturday, January 19, 2008

Mortgage Fraud Surging In Florida

More potential mortgage fraud cases were reported by lenders in Florida in 2007 than in the entire country the previous year, William Stern, a supervisory special agent with the FBI, said Friday.

And Tampa, he said, ranks seventh on the agency's top 10 list for mortgage fraud, joining another Florida city on the list, Miami, which is No. 4. Stern highlighted the state's particular dishonor at an Appraisal Fraud Conference in downtown St. Petersburg that drew 110 appraisers, lenders, title agents and Wall Street investors.

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