Mortgage Fraud Brief Quarterly Mortgage Fraud Insights The CoreLogic National Mortgage Application fraud risk index (Index) decreased significantly, from 152 in Q1 2019 to 132 in Q2 2019. The year-over-year trend is down 11.4 percent from Q2 2018 (at 149). After a year of stable fraud risk, the decrease in Q2 2019 comes amid a recent decline in interest rates which triggered a volume surge in Q2.
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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
Mortgage CoreLogic: Mortgage fraud risk spiked in the second quarter. There was a 12.4% year-over-year increase in fraud risk in Q2
According to CoreLogic ‘s National Mortgage Application Fraud Risk Index, fraud risks on mortgage applications decreased by 11.4% year over year last quarter. At the same time, s hares of refinance.
The Q2 2008 Core Mortgage Risk Index (CMRI) (Exhibit 2) stands 16% above the same period a year ago, having increased for the fourth consecutive quarterly reporting period. The CMRI-which forecasts delinquency risk-is currently 47% above the base period of Q1 2002, a period near the end of the last U.S. economic recession.
loans, prompt crediting of mortgage payments, and responses to. See Morningstar Credit Ratings, LLC, Operational Risk.. actually going to be punished by the mortgage fraud settlement, 67 Core Logic, TrueStandings Service. servicer should yield the most up-to-date information as well as.
Reverse-Mortgage Fails Not a Factor in Florida’s Stubbornly High Foreclosure Rate · An index exceeding 100 means the county will likely see a higher rate of home sales within its borders in the third quarter than the national average. In El Paso County, whose residents own 213,076 homes, the pre-mover index went from 246 in the second quarter of 2017 to 233 in Q2 of this year, a decline of 5 percent.
As of the end of the second quarter of 2017, the report shows a 16.9 percent year-over-year increase in fraud risk, as measured by the CoreLogic Mortgage Application Fraud Risk Index.
The risk of mortgage application fraud fell in the second quarter of 2019 thanks to a decrease in interest rates. According to CoreLogic’s National Mortgage Application Fraud Risk Index, fraud risks on mortgage applications decreased by 11.4% year over year last quarter. At the same time, shares of refinance transitions increased from 31% in Q1 to 35.5% in Q2.