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Sep 13 2018, 11:43AM. The risk of mortgage fraud jumped by 12.4 percent on an annual basis. In the second quarter of last year the index was 0.82 percent or 1 in. CoreLogic says the continued shift from a refinance-heavy market to. impacted the consistency of its data, so the company is not reporting it for this period.
CoreLogic said its Mortgage application fraud risk index now puts the rate of fraud at 0.92 percent or one of every 109 mortgage applications received. In the second quarter of last year the index.
· According to CoreLogic, mortgage fraud increased 16.9% in the second quarter of 2017 vs. the prior year. The fastest-growing subset of mortgage fraud is occupancy fraud, which happens when mortgage applicants deliberately provide false mortgage application information to.
With more than 50 percent of UK property appraisals. location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance,
IRVINE, Calif.-(BUSINESS WIRE)-CoreLogic (NYSE: CLGX), a leading 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 top 10 states all showed increased in risk year-over-year, with. climbing 12.4 percent year-over-year in the second quarter of 2018, according to the latest CoreLogic Mortgage Application Fraud Risk Index from. first reported by Fannie Mae, of borrowers using fake employers to validate their income.
Risk index has continually increased for the last seven quarters; States with heavy. The analysis found that during the second quarter of 2018, “This year's trend continues to show an increase in mortgage fraud risk year.
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. Source: CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018 | Business Wire
CoreLogic reported a 20 percent increase in mortgage fraud and approximately $12 billion in originated fraud loan amounts in 2010 (which is flat due to declining origination volumes). 43 While the.
And speaking of commercial lending, CoStar Group reports 82% of the 370,000 multifamily rental units completed over. year Tuesday we’re at 2.16% this morning and agency MBS prices are worse a.