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According to CoreLogic's 2016 annual report, mortgage fraud has been steadily increasing since 2010. In the second quarter of 2016, 12,718.
CoreLogic reported that changing market conditions likely drove the year-over-year increase in mortgage fraud risk, notably: New government programs, most notably the new ability-to-repay rules.
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 year.
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Irvine, Calif.-based CoreLogic, a property information, analytics and data-enabled solutions provider, revealed a 12.4 % increase in fraud risk at the end of the second quarter, in its latest.
According to mortgage-fraud researchers. “The typical scenario is a new job with a significant pay increase or a high-paying first job out of college,” said CoreLogic in its fraud report. “Some.
More local borrowers are falling behind on their mortgages.
Mortgage 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.
· CoreLogic ® (), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report.The report shows an 11.4% year-over-year decrease in fraud risk at the end of the second quarter, as measured by the CoreLogic mortgage application fraud Risk Index, which is the first decrease since the third quarter of 2016.
An Increase of General Mortgage Fraud. CoreLogic released its most recent Mortgage Fraud Report in September, identifying 13,404.
The CoreLogic Mortgage Fraud Report analyzes the collective level of loan application. Indicator levels are based on the prevalence and predictive ability of the relevant alerts. An increase in the.
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