Although the risk of mortgage fraud is declining, an increase in mortgage applications due to the rebounding housing market means more dollars are at stake for lenders, according to a quarterly report from real estate information and technology firm CoreLogic. Fraud risk among U.S. mortgage applications fell 5.6 percent year over year in the second quarter, the fifth straight quarter of annual decreases, the report said. CoreLogic estimated 19,700 applications had a high fraud risk last quarter, or 0.8 percent of the 2.4 million applications submitted. That's down from 20,900 high-risk applications in second-quarter 2012. Residential mortgage applications with fraudulent information totaled an estimated $5.3 billion nationally in the second quarter, down from $5.5 billion in second-...
Sep 24, 2013 by Inman
Sep 11, 2013 by Andrea V. Brambila
Sep 5, 2013 by Inman