CoreLogic Reports a 12.4 Percent Year Over Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018
The consensus of analysts surveyed by Econoday had been for an 0.5 percent increase in the PHSI. and the April decline put year-over-year contract signings 2.0 percent behind those of April 2018.
According to CoreLogic’s latest Mortgage Fraud Report, there was a 12.4 percent year-over-year increase in fraud risk at the end of the second quarter of 2018, as measured by the CoreLogic Mortgage Application Fraud Risk Index.
The shifting of the mortgage market toward more purchases. She says these roll-backs may have driven CoreLogic’s fraud risk alert to increase by 12.5 percent year-over-year in the second quarter of.
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Foreclosures were started on 0.23 percent of mortgage loans, down 2 bps from the previous quarter and 5 bps year-over-year. since the second quarter of 2006." While the overall rate is higher than.
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
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CoreLogic released their quarterly fraud index which tracks the fraud risk of applications submitted by lenders that use their fraud detection systems. According to the Mortgage Fraud Report, there was a 12.4% year-over-year increase in fraud risk at the end of the second quarter of 2018.
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This represented a 1.8 percent increase. year-over-year. The residential component was down 0.2 percent to an annual rate of $7.14 billion but is 26.4 percent greater than last year. That spending.
CoreLogic’s analysis indicates that about 19,700 mortgage applications filed in the second quarter. percent.) Of the 75 Census Bureau areas analyzed, Allentown-Bethlehem-Easton, Pa. had the highest.
The National Association of Realtors® (NAR) reports. year dip. The median price in the region was $277,500, an annual increase of 2.5 percent. Sales fell by 7.9 percent month-over-month in the.
Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic. One in every 109 mortgage. and that may be part of the reason for the.
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The tri-county region is the most at-risk metro area in the nation for mortgage fraud. At the same time, local mortgage loan delinquencies are rising.
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