Today Interthinx released information that they have uncovered 42,000 mortgage applications worth $11 BILLION that contain "significant misrepresentations of the borrowers income" and were originated in the last 6 months of 2007.

“For the first time, the industry is getting a real-time look at the scope of mortgage fraud, and these numbers are staggering,” said Kevin Coop, president of Interthinx. “Based on what we’ve seen over the past few years, these results confirm what we’ve been saying all along: fraud is the rotten core of the mortgage meltdown.”

How many of those fraudlent files were FHA-insured?  Probably not many -- if any.  There is no such thing as a Stated-Income loan that qualifies for an FHA Mortgage Refinance program.