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According to CoreLogic, California and Maryland are the states that are most highly correlated with fraud risk (and are the areas that will be the best predictors of nationwide mortgage fraud).
A closer look reveals that San Francisco and Baltimore lead in mortgage fraud risk correlation with Chicago, Boston and San Diego close behind.
San Francisco, Baltimore and San Diego are the top 3 CBSAs in terms of mortgage fraud risk correlation and indeed lead the recent spike in mortgage fraud.
Apparently, crooner Tony Bennet forget to mention that even though he left his heart in San Francisco, apparently he left his personal information there too.