CoreLogic Reports a 12.4 Percent Year Over Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018
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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.
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Risk index has continually increased for the last seven quarters States with heavy out of state investment showed significantly higher fraud risk All loan segments showed increased risk year over year.
Home prices increased nationally by 4.7 percent year over year from. “Higher mortgage rates slowed home sales and price growth during the second half of 2018,” said Dr. Frank Nothaft, chief.
IRVINE, Calif. – (BUSINESS WIRE) – September 13, 2018 – 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.
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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 risk rose to its highest post- recession level, climbing 12.4 percent year-over-year in the second quarter of 2018, according to the latest CoreLogic Mortgage Application Fraud Risk.
HAVE INDICATIONS OF FRAUD IN Q2 2018 The CoreLogic Mortgage Application Fraud Risk Index increased 12.4 percent nationally from the second quarter 2017 to the second quarter of 2018. The index has increased for each of the last seven quarters and has been on a long-term upward trend from Q3 2010. This year’s increase is attributed to a
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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 for.
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Both composites had NSA month-over-month increase of. the upward turn in mortgage rates during the first quarter of 2018. In 2019, mortgage rates reversed course again and the 30-year fixed.