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California And Maryland Lead The Nation In Mortgage Fraud Risk Correlation (San Francisco, Baltimore and San Diego Lead)

This is a syndicated repost published with the permission of Snake Hole Lounge. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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).

mtg fraud 1corelogic

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.

CL fig1_large_top3cbsas_0

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.


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