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MDWELL The Agony of Deceit Despite a stabilizing economy, mortgage application fraud is still a very present reality in the industry. The risk for it was down 5.6 percent in Q3 2013 compared to last year, but an estimated $5.3 billion in bogus applications were submitted to lenders in the second quarter, according to CoreLogic. The firm attributes the growth in the dollar amount to the "market lifting all boats, including the number and size of fraudulent loan applications." CoreLogic's index measures the propensity for dishonest apps independent of the size of the mortgage market or changes in the prices of homes. Take a look at the top 10 cities in the country with highest propensity for fraud applications per 1,000. Atlanta, Georgia Miami, Florida Tampa, Florida Riverside, California Alexandria, Maryland Rank: 1 Rank: 2 Rank: 3 Rank: 4 Rank: 5 Year-Over-Year Growth Rate: -12.3% Estimated Amount of Fraudulent Applications in Q2 2013: $116,531 Year-Over-Year Growth Rate: -7.5% Estimated Amount of Fraudulent Applications in Q2 2013: $90,873 Year-Over-Year Growth Rate: -0.5% Estimated Amount of Fraudulent Applications in Q2 2013: $35,127 Year-Over-Year Growth Rate: -19.8% Estimated Amount of Fraudulent Applications in Q2 2013: $67,084 Year-Over-Year Growth Rate: -16.9% Estimated Amount of Fraudulent Applications in Q2 2013: $225,502 Hot home: Erstwhile heavyweight Evander Holyfield's former megamansion is on the auction block. The "Villa Vittoriosa," which sits on a 104-acre parcel of Evander Holyfield Highway, is replete with floor-to-ceiling windows and a 350,000-gallon indoor swimming pool. The home has a dozen bedrooms, 21 bathrooms, a dining room with space for 100, a bowling alley, and a baseball field with lighted scoreboard. Bidding for the largest single-family residence in the entire state of Georgia will start at $2.5 million. Hot home: Salsero and Grammy winner Willy Chirino has listed has Tahitian-inspired mansion for $5.75 million, $795,000 more than what he paid for it in 1992. The home has six bedrooms, a recording studio, super-tall rock walls and columns, cathedral ceilings, and built-in bookcases. The large backyard pool surrounded by a lounge area is the perfect spot for inviting over neighbors Enrique Iglesias and Ann Kournakova. Hot home: Hulk Hogan's French country Florida nest is on the market. The home was originally listed for $25 million in 2006 and then relisted for $13.9 million. The current price: $8,871,527. It's located on an exclusive treelined street and offers magnificent views of the Intracoastal Waterway and Clearwater Pass to the Gulf of Mexico. It features wood beams, mahogany floors, comfortable living spaces, and full-size workout facility. Hot home: This amazing 28acre estate is perched high on a hill and boasts 6,400 square feet and three bedrooms and five bathrooms. The master suite includes its own sitting area, with sweeping views of the city. The master bath has his-and-hers separate wash/restroom areas and walk-in closets, which include sitting and dressing spaces. This home has two kitchens, morning room, a separate climate-controlled wine cellar, and a large laundry and sewing room. The property is complete with its own tack room, seven covered horse corrals, a horse walker, and a groundskeeper's apartment. Hot home: This exquisite four-bedroom, 5 1/2-bath manse lists for $5.85 million and features 11 fireplaces, antique floors, period moldings, and a carriage house. The chef's kitchen has an attached butler's pantry. The home also has enough room to park five cars comfortably, as well as a large media room and family room. 10 | The M Report