CoreLogic Reports Mortgage Fraud is on the Increase
· CoreLogic Reports Potentially ‘Significant’ Mortgage Fraud Increase Mortgage fraud could increase significantly this year due to rising risk in purchase transactions and an increase in such transactions overall, CoreLogic reported Feb. 16 in its fraud index report. mortgage fraud has been relatively low since strong lending controls were put in place following the financial crisis.
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Mortgage fraud rose more than 10 percent nationally from the second quarter of 2017 to the second quarter of 2018, according to the latest fraud report from CoreLogic. CoreLogic’s report measures mortgage fraud across six fraud type indicators: property, income, occupancy, identity, transaction and undisclosed real estate debt .
CoreLogic Reports Mortgage Fraud is on the Increase REAL Trends October 5, 2018 0 The Corelogic risk index has continually increased for the last seven quarters CoreLogic, a global property information, analytics and.
The truth is mortgage fraud crime is widespread across the U.S. and continues to climb. A 2016 report shows the increase is relatively minor from 2015 to 2016 at 0.7%, according to the CoreLogic 2016.
CoreLogic recently released its latest Mortgage Fraud Report and as of the end of the second quarter of 2016, the report shows a 3.9 percent year-over-year increase in fraud risk. This is measured.
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.
· The risk of mortgage application fraud fell in the second quarter of 2019 thanks to a decrease in interest rates. According to CoreLogic’s National Mortgage Application fraud risk index, fraud risks on mortgage applications decreased by 11.4% year over year last quarter.At the same time, s hares of refinance transitions increased from 31% in Q1 to 35.5% in Q2.
· Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic, which measures six fraud indicators: identity, income, occupancy, property.
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.
After remaining relatively flat for about a year, mortgage fraud is on the rise again, according to CoreLogic. All categories of mortgage fraud increased year-over-year in the first quarter of.
Mortgage Fraud Mortgage fraud has escalated into one of the fastest-growing white-collar crimes in the nation. Mortgage fraud is a criminal offense and often involves fraud against mortgage lenders by mortgage brokers, real estate agents, appraisers and/or the buyers.