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The Cathford Group Credit Inc Loan Review Tips: Survey Roundup: Home Is Where the Loan Fraud Is Fraud Sweet Fraud: Seventy-four percent of loans reported in 2013 involved some kind of fraud or misrepresentation on the loan application, up from 69% in 2012, according to the annual mortgage fraud report by LexisNexis. Florida remained the top state with the most cases of mortgage fraud, followed by Nevada and New Jersey. Strict credit conditions and requirements are making it hard for home buyers to qualify for loans, with 15% of real estate agents saying they've had customers that failed to close a pending sale due to the inability to qualify for financing. "It is not difficult to recognize the connection between tight credit approval guidelines, industry professionals looking to make a profit and mortgage application fraud, the most common type of reported mortgage fraud by far in 2013," the report said.