CoreLogic Reports a 12.4 Percent Year-over-Year Increase in mortgage fraud risk stephanie Abbott – September 13, 2018 – Leave a comment IRVINE, Calif.-(BUSINESS WIRE)-CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report.
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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MORTGAGE APPLICATION FRAUD RISK INDEX 16.9% Q2 2017 COMPARED TO Q2 2016 The CoreLogic Mortgage Application Fraud Risk Index increased 16.9 percent nationally from the second quarter 2016 to the second quarter of 2017. While the index fluctuated during the year, it is continuing its long-term upward trend from Q3 2010. Although loosening credit
CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018: September 13, 2018 — CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report.
Mortgage fraud rose by 12.4 percent year over year in the second quarter of 2018. Income falsification is the fastest-rising form of mortgage fraud, up by 22.1 percent on an annual basis. California ranks as the country’s ninth-riskiest state for mortgage lenders.
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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.
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,
2014-10-29 · CoreLogic’s latest Mortgage Fraud Report, released Tuesday, shows a 3.2 percent year-over-year increase in fraud risk among mortgages in the U.S. in the second quarter of 2014, as measured by the Mortgage Application Fraud Risk Index.
Mortgage Fraud is on the Increase august showingtime showing index. The report shows a 12.4 percent year-over-year increase in fraud risk at the. CoreLogic develops the index based on residential mortgage loan.
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