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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.
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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.
That's according to Core-Logic's latest Mortgage Fraud Report.. Reports say that type of fraud is increasing as the lending market shifts from.
· Mortgage fraud occurs when a potential homebuyer, seller, or lender lies or omits key information that leads to a mortgage loan approval or terms that the applicant wouldn’t normally qualify to receive. Find out more.
CoreLogic reports a 12.4 percent YOY increase in mortgage fraud risk The increased risk was for the second quarter of 2018
The risk of fraud in mortgage applications increased 16.9 percent in the second quarter compared to the second quarter of 2016, according to CoreLogic’s latest Mortgage Fraud Report. The analysis found that during the second quarter of 2017, an estimated 13,404 mortgage applications, or 0.82 percent of all mortgage applications,
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The risk of fraud in mortgage applications increased 16.9 percent in the. of 2016, according to CoreLogic's latest Mortgage Fraud Report.
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That trend continues, with an increase of 18% in this indicator. in even worse financial shape. Visit the CoreLogic website for more information and for the methodology the firm uses to derive its.
New York, New Jersey and Florida remain the top three states for mortgage application fraud risk Risk index has continually increased for the last seven quarters All loan segments showed increased.