CoreLogic: 12.4 Percent Year-Over-Year Increase in Mortgage Fraud Risk

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In its latest Mortgage Fraud Report, CoreLogic determined that mortgage fraud risk was up 12.4 percent compared to the previous year.. with a 28 percent year-over-year increase in mortgage.

CoreLogic (NYSE: CLGX), a 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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The CoreLogic Mortgage Application Fraud Risk Index increased 12.4 percent nationally from the second quarter 2017 to the second quarter of 2018.

The CoreLogic Mortgage New York, Florida, and New Jersey remain the top three states for mortgage application fraud risk, with New Jersey moving from second to third place . New York had an 8 percent increase year-over year and Mississippi had a 9 percent increase-the other top ten states had stable or decreasing risk .

Here’s a quick overview: Overall fraud in mortgage applications jumped by 12.4 percent. but CoreLogic says it is now spreading across the country. Bridget Berg, CoreLogic’s senior director of.

The most recent CoreLogic Mortgage Fraud Report once again indicated that fraud risk is on the rise.The report cited a 12.4 percent year-over-year rise in their mortgage application fraud risk index, with income fraud risk reported up 22.1 percent as the highest increase in risk found. The next greatest increase was for occupancy fraud risk, which was reported up 3.5 percent.Interestingly, the.

But by acknowledging an increase in the "downside risk to growth," the. ownership rates to a record 69 percent in 2004 – which pushed housing prices up more. Skyrocketing prices (double-digit.

“One million borrowers achieved positive equity over the last year, which means mortgage risk continues. highest year-over-year increase in homeowner equity at $37,900. Nevada had the highest.

. a 12.4 percent year-over-year increase in fraud risk at the end of the. CoreLogic develops the index based on residential mortgage loan.

CoreLogic (NYSE: CLGX), 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.