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Yet, CoreLogic reports that while the propensity for mortgage fraud is declining from its peak in 2012, the overall amount is increasing as mortgage loan applications increase. Read also: 2.5.
The rate of mortgage fraud in the U.S. has accelerated since falling to a low early last year, with sales of foreclosed homes among the most likely to involve fraud, according to a report by housing.
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 was.
That trend continues, with an increase of 18% in this indicator. in even worse financial shape. Visit the CoreLogic website for more information and for the methodology the firm uses to derive its.
Mortgage fraud risk is up across the country, according to the CoreLogic National Mortgage Application Fraud Risk Index (FRI) for Q1 2017. The FRI is a measure of loan-application level fraud risk.
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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 (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.
CoreLogic issued two reports that paint a troubling picture of the residential. “This year’s trend continues to show an increase in mortgage fraud risk, year-over-year,” said Bridget Berg,
CoreLogic , a 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.
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