Blue = Fraud

So the Mortgage Asset Research Institute has come out with their rankings of states with the most fraudulent mortgage applications in 2008; the top ten is.....

1) Rhode Island
2) Florida
3) Illinois
4) Georgia
5) Maryland
6) New York
7) Michigan
8) California
9) Missouri
10) Colorado

What did the article attribute the frauds to?

Rhode Island topped the list of most troubled states, trailed by Florida, which held the number one slot in 2007. Reports of fraud in Rhode Island were three times what was expected given the number of loans made there.

Next on the list were Illinois, Georgia and Maryland, which landed among the top 10 for the first time in the study's 11-year history and stood out as having the highest percentage of fraud on tax returns and financial statements. It shot up from the 15th slot in 2007.

"With fewer loan originations today, the data suggest that the economic downturn may have created more desperation, causing more people than ever before to try to commit mortgage fraud," said Denise James, one of the study's authors.

But see I see 8 states that supported Obama in the past election. Could it be that democrats are just lyin', cheatin', assholes?

Read the rest here.....