CoreLogic: Mortgage fraud risk spiked in the second quarter.
There was a 12.4% year-over-year increase in fraud risk in Q2
There was a significant increase in mortgage fraud risk at the end of the second quarter of 2018, according to Corelogic’s latest Mortgage Application Fraud Risk Index. According to the Mortgage Fraud Report, there was a 12.4% year-over-year increase in
fraud risk at the end of the second quarter of 2018.
The Mortgage Fraud Report analyzes the collective level of loan application fraud risk experienced in the mortgage industry each quarter.