CoreLogic Reports Mortgage Fraud is on the Increase

Mortgage fraud was up year-over-year in the second quarter, with Florida remaining the state with the highest risk of fraud, according to new data from CoreLogic. More than 12,000 mortgage.

What is MORTGAGE FRAUD? What does MORTGAGE FRAUD mean? MORTGAGE FRAUD meaning & explanation CoreLogic reports a 12.4 percent YOY increase in mortgage fraud risk The increased risk was for the second quarter of 2018

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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.

Fraud-related mortgage originations in the U.S. revealed a huge jump in property fraud (a 262% increase over last year) and a decline in identity fraud (down 45%). CoreLogic also reports that its.

The CoreLogic Mortgage Fraud Brief analyzes the metro areas with the highest mortgage fraud risk on a quarterly basis, and offers quarterly mortgage fraud insights based on analysis of trends found in residential mortgage loan applications processed by LoanSafe Fraud Manager.

CoreLogic: Mortgage fraud risk falls sharply in Q2 But 3 of the 10 most at-risk metros saw an uptick in fraud.. Tulsa, Oklahoma, had a 6% increase in fraud reports in Q2.

As it stands, the report showed a 3.9% year-over-year increase in fraud risk, as of the end of the second quarter of 2016. CoreLogic’s Mortgage Fraud Report analyzes the collective level of loan.

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CoreLogic Reports a 16.9 Percent Year-Over-Year Increase in Mortgage Fraud Risk in the Second Quarter of 2017

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The incidence of mortgage application fraud. change however is not because of an increase in lender vigilance, or borrower ethics for that matter, but rather a function of interest rates. CoreLogic.

CoreLogic Report: Mortgage Fraud is on the Increase CoreLogic CoreLogic (NYSE: CLGX), a global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report.

The risk of fraud in mortgage applications increased 16.9 percent in the second quarter compared to the second quarter of 2016, according to CoreLogic’s latest Mortgage Fraud Report. The analysis found that during the second quarter of 2017, an estimated 13,404 mortgage applications, or 0.82 percent of all mortgage applications,

. watching these metros closely to determine if the increase is a short term anomaly or a long-term trend. In the release from the company, CoreLogic states that the CoreLogic Mortgage Fraud Report.

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