Mortgage Lenders News

CoreLogic Reports Mortgage Fraud is on the Increase

2016 Marked Best Year for Sales in a Decade Mortgage Masters Group rising interest rates, home price appreciation will slow originations. "While 2016 has been an excellent year for the U.S. mortgage industry with almost $2 trillion in new loan originations, we believe that this year is also likely to be the peak in terms of lending volumes for years to come," KBRA says in its report.

The increase in reported fraud by lenders is attributed. sales. This latest report is based on a new analysis of seven million representative loan files from the CoreLogic Mortgage Fraud Consortium.

CoreLogic released its latest mortgage fraud report.As of the end of the second quarter of 2016, the report shows a 3.9 percent year-over-year increase in fraud risk, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

CoreLogic's report ranked the tri-county area at the top of the company's. Another possible reason for South Florida's high mortgage fraud rates, Paton. which saw its defect risk increase by about 5 percent compared with.

 · Under U.S. federal and state laws, mortgage fraud can result in up to 30 years in federal prison, and up to $1 million in fines. The Growth of Mortgage Fraud. Mortgage fraud is a growing problem. According to CoreLogic, mortgage fraud increased 16.9% in the second quarter of 2017 vs. the prior year. The fastest-growing subset of mortgage fraud is occupancy fraud, which happens.

Reports: Real estate loan fraud getting worse Number of suspicious activity reports up 33% Thursday, May 18, 2006 By Janis Mara Inman News Mortgage fraud, described as an "epidemic" by the FBI, is intensifying in the United

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 · According to CoreLogic, the highest incidence of mortgage fraud occurs in New York, New Jersey and Florida. The greatest growth rate of mortgage schemes is happening in Iowa, Indiana, and Missouri. The reason for the increase in fraud is two-fold, according to CoreLogic. This year has seen a greater share of purchase loans than refinances.

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.

VA LOAN HOME SAN DESTIN FLORIDA east of Destin – a $3 million home. David Koon. are frequently established in Florida as a means of shielding the identity of property owners from easy Internet searches. County records for the.

(Heraldkeeper via COMTEX) — Mortgage fraud is on the rise, according to a new report from CoreLogic, a real estate data firm. Approximately one in every 109 mortgage applications.

CoreLogic says conditions in the mortgage market are once again fertile ground for mortgage fraud. The company’s National fraud risk index hit a new high of 132 in the first quarter of this year.