The study also revealed the ever-changing nature of fraud with certain types on the rise including property fraud (262 percent increase. CLLOGO) CoreLogic attributes the year-over-year decrease.
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.
Even mortgage fraud has taken a different route. Mortgage application fraud risk is down 5.6 percent year-over-year in the second quarter of 2013, according to the most recent CoreLogic MarketPulse.
The DTI for homebuyers was unchanged at an average of 36 percent in the two fourth quarter periods. The share of those with DTIs at or above 43 percent increased slightly from 2001. LTV for homebuyers.
Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic. One in every 109 mortgage. and that may be part of the reason for the.
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 on mortgage applications is decreasing, but more people are lying about their income, according to a new report from CoreLogic. The agency found fraud risk among U.S. mortgage applications declined 5.6 percent year over year.
Iowa Had the Largest Year-Over-Year Increase in Fraud Risk CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Mortgage Fraud Report .
The 0.2 percent June 2016 increase. CoreLogic’s mortgage fraud trends report for Q2 2016: There were 12,718 mortgage applications estimated to have indications of fraud in Q2 2016. The mortgage.
That figure represents a 12.4%. increase in fraud year-over-year Albuquerque, El Paso, Oklahoma City, Springfield, MA, and Spokane, WA. Miami, Florida topped the list for the highest application.
. there was a 12.4% year-over-year increase in fraud risk at the end of the second quarter of 2018. CoreLogic Fraud Index Has Shown Fraud Risk Has Increased Every. year over year increases in mortgage fraud risk since prior to the. Fraud rates for investment properties are 88 percent higher than the.