There was a 12.4% year-over-year increase in fraud risk at the end of the second quarter of 2018, according to Corelogic’s most recent Mortgage application fraud risk index.. As growing concern.
CoreLogic Reports a 12.4 Percent Year-Over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018 Risk index has continually increased for the last seven quarters States with heavy out of state investment showed significantly higher fraud risk
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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. Source: CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018 | Business Wire
Additionally, analytics firm CoreLogic reported a 12.4% year-over-year increase in mortgage fraud risk for the second quarter of 2018 compared with the second quarter of 2017. Their analysis also found an estimated one in 109 mortgage applications contained indications of fraud in 2018, compared with one in 122 the previous year.
Mortgage fraud grows as home prices and demand increases. by Rincey Abraham October 8, 2018. Instances of mortgage fraud risk grew 12.4 percent since last year, according to CoreLogic’s Mortgage Application Fraud Risk Index.. Approximately one in 109 applications, or 0.92 percent, of all mortgage applications contained indications of fraud.
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.
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,
It was the first positive report. March 2018." The median existing-home price for all housing types in October was $255,400, up 3.8 percent from last October’s median of $246,000. October’s price.
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The CoreLogic Mortgage Fraud Report analyzes. This year’s trend continues to show an increase in mortgage fraud risk year-over-year.. 2017 to the second quarter of 2018, the income fraud risk indicator increased 22.1 percent. The risk had a sharp increase in the first quarter of 2018.