CoreLogic: Mortgage Fraud Risk Up in Q2

CoreLogic: Mortgage Fraud Risk Up in Q2

The risk of mortgage fraud in the second quarter was 12.4 percent higher from one year earlier, according to the latest data from the CoreLogic Mortgage Application Fraud Risk Index. CoreLogic determined that an estimated one in 109 applications, or 0.92 percent of all mortgage applications, contained indications of fraud in the second quarter.

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The CoreLogic Annual Mortgage Fraud Report analyzes the collective level of loan application fraud risk the mortgage industry experienced from Q2 2018 to Q2.

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CoreLogic said its Mortgage Application Fraud Risk Index now puts the rate of. from 7.32 percent in Q2 2017 to 8.55 percent in the second quarter of this year.. This was up 22.1 percent, with the biggest part of the increase.

The risk of a borrower overstating their income, misrepresenting how they intend to use a property, or otherwise committing mortgage fraud was up considerably in the second quarter of 2018, according.

David Ferraro shared mortgage fraud risk is up 12.4 percent from Q2 2017 to Q2. The CoreLogic Mortgage Fraud Brief analyzes the metro areas with the highest mortgage fraud risk on.

CoreLogic determined that an estimated one in 109 applications, or 0.92 percent of all mortgage applications, contained indications of fraud in the second quarter. One year ago, that level was one in.

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. The report found that in Q2 2018, around one in 109.

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CoreLogic Mortgage Fraud Report 2018: the report shows a 12.4 percent year- over-year increase in mortgage fraud risk.. National Mortgage Origination Fraud Index (Q3 2010 – Q2 2018) (graphic: business wire). measured by the CoreLogic Mortgage Application Fraud Risk Index. Log In · Sign Up.

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