Colorado Ranked 9th For Mortgage Fraud
POSTED: 6:13 am MDT May 15,
2008
DENVER -- Colorado ranks ninth in the country for mortgage fraud, according to the Federal Bureau of Investigation. The agency didn't provide any details on the number and types of cases that put Colorado in the top 10 list for 2007. The head of the state's foreclosure hotline, Zachary Urban, reviewed the analysis and said the problem may not be as bad as it appears.
He said it looks like Colorado made the list because of fraud cases that happened before the state started cracking down on the mortgage industry and offering borrowers more education and counseling. Colorado now licenses mortgage brokers and state lawmakers have passed several bills in recent years to fight mortgage fraud and deceptive lending practices.
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Previous Stories:
- May 1, 2008: Personal Information Found In Dumpster
- April 29, 2008: Hundreds Of Mortgage Files Found In Dumpster
- March 31, 2008: Mortgage Mess Means Opportunity
- March 24, 2008: Mortgage Fraud Scheme Busted
- July 12, 2007: $8.3 Million Settlement In Ameriquest Case
- July 12, 2007: Coloradans Eligible For $8.3 Million In Ameriquest Settlement
Copyright 2008 by TheDenverChannel.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
