Current mortgage industry pain is credited to extensive mortgage loan defaults has causes escalating pressure on federal prosecutors to boost investigations into incidents of mortgage fraud across the nation. CNN reported that the FBI forewarned that mortgage fraud was becoming so out of control that the resulting epidemic of fraud could generate a massive financial crisis.

Month

Dec-2008

Jan-2009

% Change

% Sold Price to Asking Price

96%

96%

(0%)

Sold Homes

162

118

(27%)

Asking Price Per Home

$ 438,130

$ 378,183

(14%)

Sold Price Per Home

$ 422,061

$ 363,789

(14%)

Sold Price Per Sq Ft

$ [...]

Month

Dec-2008

Jan-2009

% Change

% Sold Price to Asking Price

95%

95%

(0%)

Sold Homes

296

263

(11%)

Asking Price Per Home

$ 185,129

$ 159,614

(14%)

Sold Price Per Home

$ 175,740

$ 150,828

(14%)

Sold Price Per Sq Ft

$ 131

$ 107 [...]