CoreLogic data includes more than 50 million properties with a mortgage, which accounts for more than 95 percent of all mortgages in the U.S. CoreLogic uses public record data as the source of the MDO, which includes both first-mortgage liens and second liens, and is adjusted for amortization and home equity utilization in order to capture the true level of MDO for each property. The calculations are not.
The risk of fraud in mortgage applications increased in the second quarter, rising to a score of 133 on CoreLogic’s National mortgage application fraud risk index. That’s up from a score of 132 in the first quarter and up sharply from a score of 113 in the second quarter of 2016. About 66% of applications in the second quarter were for purchases, up from 60% in the first quarter, according to the report.
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Here’s a quick overview: – Overall fraud in mortgage applications jumped by 12.4 percent from a year ago, according to realty analytics firm CoreLogic. or simply make stuff up. Berg noted, however,
According to the report and the corelogic mortgage application Fraud Risk Index, mortgage risk is up 12.4 percent year over year as of Q2 2018. The report found that in Q2 2018, around one in 109.
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,
Mortgage Fraud Risk Increased Over Q2. During the second quarter, CoreLogic found an estimated 13,404 mortgage applications, or 0.82 percent of all mortgage applications, were pockmarked with indications of fraud. In comparison, 12,718 mortgage applications, or 0.70 percent, had indications of fraud in the second quarter of 2016.
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 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. This press release.