One housing index is up 30 percent

Mortgage fraud increased 30% in 2006 over 2005, according to a report released today by the Mortgage Bankers Association (pdf file).

The report shows a staggering 800% increase in the past 6 years. Illinois ranked 7th among the states on an index of mortgage fraud in 2006, down from 3rd place in 2005, despite Illinois’ lax enforcement efforts.

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