Florida among states with most mortgage application fraud risk On behalf of Law Office of Sam J. Saad III posted in real estate transactions on Friday, October 19, 2018. A recent study found that Florida is among the top three riskiest states for mortgage application fraud.
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Florida among states with most mortgage application fraud risk | Law Office of Sam J. Saad III. An adjustable rate mortgage (ARM) allows the lender to adjust the interest rate of a mortgage at scheduled intervals. A rate cap limits the amount the lender may increase or decrease the interest rate per each adjustment.