Mortgage fraud huge in Florida, FBI report says

August 5, 2005 | Orlando Business Journal |

According to a study released in April by Demos, a public policy group in New York City, people are borrowing more than their homes are worth, and as a result, the amount of home equity has fallen from 68 percent in the early 1970s to 55 percent last year. Florida's red-hot real estate market may have a serious downside. Fraud.