More states are creating their own mortgage fraud legislation and that’s a good thing, according to speakers at the Fraud Issues Conference. In 2005, only Georgia had a mortgage fraud law. By the end of 2008, 15 states had such laws. States that don’t have laws specific to mortgage fraud may find it more difficult to prosecute these crimes. To get around the lack of specific legislation, Texas, for instance, prosecutes mortgage fraud under its theft, money laundering, organized crime, bribery and credit abuse laws. More to follow…