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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. The analysis found that.
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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.
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Substantial growth in the mortgage market in recent years has helped many Americans become homeowners. However, as of the latest quarterly data available, June 2007, more than 1 million mortgages were in default or foreclosure, an increase of 50 percent compared with June 2005.
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Mortgage fraud climbed 12.4 percent year over year in the second quarter of 2018, and about one out of every 109 mortgage applications has. The metro areas with the highest increases of fraud risk year over year are Oklahoma City;. “2018 Annual Mortgage Fraud Report,” CoreLogic (September 2018).
corelogic reports a 12.4% year-over-year increase in mortgage fraud risk for the 2nd quarter of 2018 Risk index has continually increased for the last seven quarters States with heavy out of state investment showed significantly higher fraud risk All loan segments showed increased risk year over.
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The report shows that U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase by 8.1 percent year over year, representing a gain of.
Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic. One in every 109 mortgage. and that may be part of the reason for the.