The number of high-risk markets is on the rise, too. Last quarter, CoreLogic listed just 10 risky markets. “Flipping and fraud activities continue to.
The fbi defines mortgage fraud as “some type of material misstatement, Overall, CoreLogic is reporting that homeowner equity has increased a whopping .
However, the company also predicts a small uptick in the rate of increase over the next 12. Frank Nothaft, CoreLogic’s Chief Economist said of the January report, "The spike in mortgage interest.
Intersting Way to Avoid Florida Foreclosure In many states, the homeowner has the "right to redemption" (he can come up with the outstanding cash and stop the foreclosure process) up to the moment the home is sold at the auction. At the auction, the home is sold to the highest bidder.
CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018
CoreLogic Reports a 16.9 Percent Year-Over-Year Increase in Mortgage Fraud Risk in the Second Quarter of 2017: September 19, 2017 — CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report. As of the end of the second quarter of 2017, the report shows a 16.9 percent year-over-year increase.
Fraud-related mortgage originations in the U.S. revealed a huge jump in property fraud (a 262% increase over last year) and a decline in identity fraud (down 45%). CoreLogic also reports that its.
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 CoreLogic Mortgage Fraud Brief analyzes the metro areas with the highest mortgage fraud risk on a quarterly basis, and offers quarterly mortgage fraud insights based on analysis of trends found in residential mortgage loan applications processed by LoanSafe Fraud Manager.
Mortgage loans originated in the fourth quarter of 2016 are among the highest quality home loans made since 2001. The data were released Tuesday morning by property information and. mix is also.
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The losses attributable to mortgage fraud are unknown, but the fbi quotes corelogic estimates that between. a 16 percent increase from FY 2009 and a 117 percent increase from FY 2008. As reports of.
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Reports: Real estate loan fraud getting worse Number of suspicious activity reports up 33% Thursday, May 18, 2006 By Janis Mara Inman News Mortgage fraud, described as an "epidemic" by the FBI, is intensifying in the United States, according to reports released this month by two key mortgage industry sources.