Home Buyer News

CoreLogic Reports Mortgage Fraud is on the Increase

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.

CoreLogic ® (CLGX), a leading global property information, analytics and data. rates is important for analyzing the health.

Stamp down on mortgage debt. Mortgage Masters Group

A recent report from CoreLogic shows a 12.4 percent year-over-year increase in mortgage fraud risk for the second quarter of 2018. The report.

Mortgage fraud was up year-over-year in the second quarter, with Florida remaining the state with the highest risk of fraud, according to new data from CoreLogic. More than 12,000 mortgage.

CoreLogic’s latest mortgage fraud report, released Tuesday, shows a 3.2 percent year-over-year increase in fraud risk among mortgages in the U.S. in the second quarter of 2014, as measured by the.

That will be a faster pace than the 3.6% gain in the prior year, the report said. Frank Nothaft, chief economist for CoreLogic, said his projection was based on a drop in mortgage rates and an.

The top five markets showing the most noticeable increase in mortgage fraud are Alexandria, La.; Pascagoula, Miss.; Laredo, Texas; Morristown, Tenn.; and Lakeland, Fla., CoreLogic said. CoreLogic provides mortgage lenders with tools to help identify elements.

“This year’s trend continues to show an increase in mortgage fraud risk year over year,” said Bridget. using mortgage brokers, but CoreLogic reports that it is happening all over the country. Be on.

CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018

 · CoreLogic ® , 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.

More local borrowers are falling behind on their mortgages.

Lakeland-Winter Haven, Florida saw a 22 percent increase in mortgage fraud risk quarter-over-quarter. CoreLogic, a data firm that provides insight for real estate and financial institutions, released.

Overview of Closing Costs When Buying a Home How much are closing costs? typically, home buyers will pay between about 2 to 5 percent of the purchase price of their home in closing fees. So, if your home cost $150,000, you might pay between $3,000 and $7,500 in closing costs. On average, buyers pay roughly $3,700 in closing fees, according to a recent survey.

Fraud in connection with home mortgages is on the rise, ranging from little white lies. to Bridget Berg, CoreLogic's senior director of fraud solutions strategy.. had a freeze on their reports, according to a report by Bloomberg.