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.
Continue Reading Below As many as one in 109 mortgage applications had indications of fraud in the second quarter of 2018, according to a new study from CoreLogic. That represents a more than 12.
In addition to its own proprietary data, CoreLogic uses data from the Home Mortgage Disclosure Act (which includes public loan information. The Twin Cities specifically experienced a 14.5 percent year.
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.
There was a significant increase in mortgage fraud risk at the end of the second quarter of 2018, according to Corelogic’s latest mortgage application fraud Risk Index. According to the Mortgage.
Here’s a quick overview: Overall fraud in mortgage applications jumped by 12.4 percent from. but CoreLogic says it is spreading across the country. “The typical scenario is a new job with a.
According to CoreLogic’s Q1 2017. Washington had the highest year-over-year average increase at $37,900, while Alaska experienced a small decline. Nevada had the highest percentage of homes with.
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CoreLogic®, 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.
The most recent CoreLogic Mortgage Fraud Report once again indicated that fraud risk is on the rise.The report cited a 12.4 percent year-over-year rise in their mortgage application fraud risk index, with income fraud risk reported up 22.1 percent as the highest increase in risk found. The next greatest increase was for occupancy fraud risk, which was reported up 3.5 percent.Interestingly, the.