Mortgage fraud rate rising annually, report shows

Metros hit hardest in the crash continue to improve
  • In the second quarter, 0.7 percent of U.S. mortgage applications displayed fraud.
  • Income fraud risk jumped 12.5 percent year-over-year.
  • Florida is the riskiest state for mortgage application fraud, despite risk dropping 18.1 percent annually.
  • Illinois fraud risk dropped 7.8 percent, moving out of the top 10 riskiest states.

Property analytics provider CoreLogic released its annual mortgage fraud trend report this month, showing fraudulent activity was up marginally in the second quarter of this year compared to the same period last year.