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CoreLogic: Mortgage Fraud Risk Up in Q2

CoreLogic: Mortgage Fraud Risk Up in Q2

Lower mortgage interest rates and rising refinance share led to an 11.4% annual decrease in the risk of fraud in mortgage applications in the second quarter, CoreLogic’s Mortgage Fraud Report shows.. It was the first time since the third quarter of 2016 that the risk of fraudulence decreased on an annual basis.

The CoreLogic Annual Mortgage Fraud Report analyzes the collective level of loan application fraud risk the mortgage industry experienced from Q2 2017 to Q2 2018. The annual report includes: The number of mortgage applications estimated to have indications of fraud; The Mortgage Application Fraud Risk Index – National and Most Populous CBSAs

The risk of fraud in mortgage applications increased in the second quarter, rising to a score of 133 on CoreLogic’s national mortgage application fraud Risk Index. That’s up from a score of 132 in the first quarter and up sharply from a score of 113 in the second quarter of 2016.

According to. lower mortgage rates provide support for homeownership." According to ATTOM Data Solutions newly released Q2.

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Mortgage & Foreclosure Fraud Explained by Randy Kelton: Stop Foreclosure with FRAUD STOPPERS PMA 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.

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.

According to CoreLogic's National Mortgage Application Fraud Risk. York, metro had the biggest increase in fraud reports, up 61% in Q2.

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Undisclosed real estate debt fraud risk decreased the most year-over-year in Q2 2019. Corelogic defines undisclosed real estate fraud as when.

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.

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The Corelogic risk index has continually increased for the last seven quarters . CoreLogic , a 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.

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