Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic. One in every 109 mortgage. and that may be part of the reason for the.
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Among the 20 cities analyzed by this data survey, Portland saw the greatest gains in July with a 12.4 percent year-over-year price increase. and Mortgage Market Review published by Arch Mortgage.
This week, CoreLogic released its “2018 Mortgage Fraud Report.” The lowlight is this: Florida owns the top of the rankings for the worst metropolitan areas of the country for mortgage application.
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Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic, which measures six fraud indicators: identity, income, occupancy, property, transaction and undisclosed real estate debt. One in every 109 mortgage applications is estimated to have indications of fraud.
CoreLogic attributes the 12 percent national risk increase to a smaller share of low-risk applications, like rate reduction refinances. The five metro areas with the highest year-over-year risk growth in descending order were Oklahoma City, El Paso, Springfield, Albuquerque and Spokane-Spokane Valley.
CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018: September 13, 2018 — CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report.
· Mortgage fraud risk has increased continually for the last seven quarters, according to CoreLogic. The analytics firm’s latest mortgage fraud report showed a 12.4% year-over-year spike in fraud.
CoreLogic , a global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report. The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index.
The report shows a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter, as measured by the CoreLogic Mortgage Application Fraud Risk Index. This press release.
“Mortgage rates have been declining ever since, reaching 4.27 percent. 12.4% compared with a year earlier. “The tug-of-war between the hot sellers’ market and the mix of refinance and purchase.
Here’s a quick overview: – Overall fraud in mortgage applications jumped by 12.4 percent from. but CoreLogic says it is now spreading across the country. "The typical scenario is a new job with a.
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