And whether in a wealthy neighborhood or a poor one, mortgage fraud has a similar impact.
The area has been hard hit with mortgage fraud and a high number of foreclosures.
There is growing evidence that such mortgage frauds may be a cause of the crisis.
Consumer advocates say that mortgage fraud in general is on the rise.
This can also seen as a component within mortgage fraud (Bell, 2010).
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There is growing evidence that such mortgage fraud may be at the heart of the Financial crisis of 2007-2010.
The plans stalled when its new owner was convicted of mortgage fraud and sent to prison in 2007.
Firms that track mortgage fraud say it costs banks and lenders more than $4 billion a year.