Mortgage application fraud risk in the second quarter of 2016 is considered to be fairly stable, according to a new report released by CoreLogic. Measuring the top metros with the highest mortgage fraud risk, the data company released its quarterly insights known as the CoreLogic Mortgage Application Fraud Risk Index (FRI).
- Miami-Fort Lauderdale-West Palm Beach saw a 3 percent quarterly decrease of mortgage fraud risk, but the metro still ranked as the most risky in the nation.
- McAllen-Edinburg-Mission in Texas saw the biggest quarterly increase in mortgage fraud risk, at 33 percent in the second quarter of the year.
- The largest decrease in mortgage fraud risk was reported in Deltona-Daytona Beach-Ormond Beach, Florida, where risk fell 13 percent.