CoreLogic: Mortgage Fraud Risk Up in Q2

Q4 Mortgage Fraud Risk Up 13%; Risk Greatest in Florida. The CoreLogic Mortgage Fraud Report analyzes the collective level of loan application fraud risk the mortgage industry is experiencing each quarter. CoreLogic develops the index based on residential mortgage loan applications processed by CoreLogic LoanSafe Fraud Manager,

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As of the end of the second quarter of 2017, the report shows a 16.9 percent year-over-year increase in fraud risk, as measured by the corelogic mortgage application fraud Risk Index.

Overall fraud risk in the home mortgage field is up 16.9 percent in the past 12 months, according to data analytics firm CoreLogic. Of all types of application fraud, "occupancy" misinformation – when.

In the newest issue of CoreLogic’s Mortgage Fraud Report, San Francisco fraud risk decreased 17.2 percent annually. That’s a decent showing and about the middle of the pack percentage-wise for.

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: Mortgage Fraud Risk Up in Q2

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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According to the report and the CoreLogic Mortgage Application Fraud Risk Index, mortgage risk is up 12.4 percent year over year as of Q2 2018. The report found that in Q2 2018, around one in 109.

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According CoreLogic, the continued shift from a refinance-heavy market to a predominantly purchase market is a key factor in the application fraud risk increase. From Q2 2017 to Q2 2018, the proportion of purchase transactions within the consortium increased from 66 percent to 72 percent of applications, the report showed.

According to CoreLogic’s latest Mortgage. fraud. Property and undisclosed real estate debt showed declines in risk. Home Sales Report, U.S. single family homes and condos sold for a median price of.