(South Carolina Shows Significant Improvement in Stopping Mortgage Fraud)
The South Carolina Department of Consumer Affairs, in a collaborative effort with the Department of Housing and Urban Development (HUD), state regulators from Georgia, North Carolina, Florida and other partners are sponsoring a free symposium on mortgage fraud. STOP MORTGAGE FRAUD: A CALL TO ACTION will be held on Thursday, June 22, 2006 from 8:00 AM - 4:30 PM at the Savannah International Trade and Convention Center in Savannah, Georgia. The symposium is designed to increase awareness of fraud by identifying all types of fraud within the single family housing industry, to foster relationships with other industry partners, and to raise consumer awareness.
Recently the Mortgage Asset Research Institute, Inc. (MARI®) delivered its Eighth Periodic Mortgage Fraud Case Report to the Mortgage Bankers Association. This document examines the current composition of residential mortgage fraud and misrepresentation in the United States based on reports by participating lenders to MARI. South Carolina showed the greatest improvement in its MARI Fraud Index, moving from the state with the highest number of cases in 2001, to number 19 in 2005. Eight (8) hours of continuing education credit can be obtained by attending this forum.
TO REGISTER FOR THIS SYMPOSIUM GO TO:
http://www.hud.gov/event_registration/index_2.cfm?eventID=84 or call 404-331-5001 ext 230.
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