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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.
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.
· 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 analysis found that during the second quarter of.
Reports: Real estate loan fraud getting worse Number of suspicious activity reports up 33% Thursday, May 18, 2006 By Janis Mara Inman News Mortgage fraud, described as an "epidemic" by the FBI, is intensifying in the United States, according to reports released this month by two key mortgage industry sources.
CoreLogic began tracking mortgage fraud risk in the third quarter of 2010. Since then fraud risk, as shown in Figure 1, has oscillated but the trend has been for fraud to increase on a national basis.
corelogic inc.: corelogic reports a 12.4 percent year-over-year increase in mortgage fraud risk for the second quarter of 2018 Tickers: CLGX Irvine, Calif.
CoreLogic: Mortgage fraud risk falls sharply in Q2 But 3 of the 10 most at-risk metros saw an uptick in fraud.. Tulsa, Oklahoma, had a 6% increase in fraud reports in Q2.
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.
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.
Approximately one in every 109 mortgage applications were found to contain misleading or false information in the. of the top 10 rankings for mortgage fraud risk, replaced by Oklahoma. CoreLogic.
The risk of fraud in mortgage applications increased 16.9% in the second quarter compared with the second quarter of 2016, according to CoreLogic’s Mortgage Fraud Report.. The increase is expected because applications for purchases now make up a greater share of total applications, due to the fact that refinances have been falling due to higher mortgage rates.