Mortgage fraud risk is up across the country, according to the CoreLogic national mortgage application fraud Risk Index (FRI) for Q1 2017. The FRI is a measure of loan-application level fraud risk in.
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 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: Mortgage Fraud Risk Up in Q2
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The biggest year-over-year gain was posted in property fraud risk, up 3.3%, while undisclosed debt risk dropped 22.7% to post the largest annual reduction. An executive at CoreLogic said: In addition.
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The Core Mortgage Risk Monitor (CMRM) is a quarterly publication providing an economic forecast, analysis and commentary on the relative risk of residential mortgage loan delinquencies due to fraud propensity and collateral risk, house price dynamics, and the health of local market economies.
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The Corelogic risk index has continually increased for the last seven quarters . CoreLogic , 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.