CoreLogic: Mortgage Fraud Risk Up in Q2

CoreLogic: Mortgage Fraud Risk Up in Q2

 · (Source: CoreLogic) – CoreLogic® , a leading residential property information, analytics and services provider, today released its Mortgage Fraud Report showing that fraud risk among U.S. mortgage applications declined 5.6 percent year over year in the second quarter of 2013.

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.

The risk of mortgage fraud jumped by 12.4 percent on an annual basis in the second quarter, the seventh consecutive quarter in which it has increased. CoreLogic said its Mortgage. from 7.32 percent.

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In the second quarter of 2018, one in every 109 mortgage applications contained an indication of fraud, said the report from CoreLogic, an Irvine, Calif.-based data provider. That finding was up from.

2 days ago. Market Recap: Consumer Credit Up, Job Openings Down, Mortgage Applications Mixed.. In a recent report, CoreLogic found mortgage fraud risk increased. 24.5% of all mortgaged properties were equity rich in Q2 2018.

According to the report and the CoreLogic Mortgage Application Fraud Risk Index, mortgage risk is up 12.4 percent year over year as of Q2 2018.

In the newest issue of CoreLogic’s Mortgage Fraud Report, San Francisco fraud risk decreased 17.2 percent annually. That’s a decent showing and about the middle of the pack percentage-wise for.

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Mortgage Fraud Risk Increased Over Q2. During the second quarter, CoreLogic found an estimated 13,404 mortgage applications, or 0.82 percent of all mortgage applications, were pockmarked with indications of fraud. In comparison, 12,718 mortgage applications, or 0.70 percent, had indications of fraud in the second quarter of 2016.

The CoreLogic Annual Mortgage Fraud Report analyzes the collective level of loan application fraud risk the mortgage industry experienced from Q2 2017 to Q2 2018. The annual report includes: The number of mortgage applications estimated to have indications of fraud; The Mortgage Application Fraud Risk Index – National and Most Populous CBSAs

CoreLogic says while the probable rate of fraud has increased by 20 percent since last year due to higher risk government loan programs. Banks and thrifts filed 35,135 mortgage-related SARs from.

The 10-highest risk states in terms of mortgage fraud as measured by CoreLogic remained mostly stable. Florida maintained its position as the nation’s highest-risk state. New York moved up to No. 2.

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