Mortgage fraud incidents jumped 26% last year, with more than half of all reported cases stemming from misrepresentation of a borrowers' information on applications, according to data released Monday by the Mortgage Asset Research Institution.

The antifraud software vendor, a unit of Reed Elsevier Group PLC's LexisNexis Corp., said new types of fraud are emerging, despite a decrease in loan originations.

Rhode Island had the highest fraud rate per capita, the vendor said, followed by Florida, Illinois, Georgia and Maryland.

Roughly 61% of all mortgage fraud was attributed to misrepresentation on loan applications, including incorrect names or assets. False tax returns and financial statements accounted for 28% of fraud incidents, the report said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.