Mortgage app fraud risk levels off, except in Texas and Florida

Mortgage app fraud risk levels off, except in Texas and Florida

New York, New Jersey and Florida remain the top three states for mortgage application fraud risk, maintaining the same positions as last year. All of the top 10 riskiest states showed increases in risk year over year.

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Lower mortgage application fraud risk persists with buyer’s market The switch to a buyer’s home purchase market, as well as fewer natural disasters helped drive the five-month-long decline in mortgage application fraud risk, First American said.

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mortgage Most would-be homebuyers these days have no idea where to start when applying for a mortgage. I know I sure didn’t. That’s because the process has changed so much over the years. At one time, the only.

It shows buyers from each of the top five home countries increased their activity from 2016, and that nearly half of all foreign sales were in Florida, California and Texas. Between April. buyer.

Texas Title Insurance – Mortgage Fraud Resources. Residential mortgage fraud is on the rise in the U.S. Recent housing booms going on across the country, and including Texas, have presented situations for unscrupulous people to seek opportunities to make an easy profit.

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Florida ranked first among states with the largest year-over-year increase in mortgage fraud risk, according to the report, and Arizona had the largest decrease in mortgage fraud risk over the.

Tips and advice to navigate each step of the mortgage loan process.. are off by about 8%. They’ll sniff out any red flags that indicate potential fraud.

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