Interthinx is one of the leading loss mitigation companies in the mortgage industry. What they do is check for and keep statistics on various types of mortgage fraud such as occupancy fraud, income fraud and valuation fraud.

They just came out with a report that shows that overall fraud is up this year over last and that, as they see it, this is a leading indicator of home prices remaining low at least until 2012.

The report is pretty thorough and except for their comment about rate resets (all rates that reset now are lowering borrowers rates because LIBOR and the CMT indexes are so low) they make a good case for more problems ahead in the housing market.

Here is the link to the report:

http://www.interthinx.com/pdf/09_Q2MFRI_FNL.pdf?utm_campaign=Just%20Released%20Mortgage%20Fraud%20Risk%20Report&utm_content=mpinter@greatrate.com&utm_medium=Email&utm_source=VerticalResponse&utm_term=here