CoreLogic Reports a 12.4 Percent Year Over Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018

CoreLogic Reports a 12.4 Percent Year Over Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018

On a year-over-year basis. of this under-equitied group there is a risk of moving into negative territory if home prices fall. "The CoreLogic Home Price Index for the U.S. was up 2.5 percent during.

IRVINE, Calif.–(BUSINESS WIRE)–CoreLogic Mortgage Fraud Report 2018: the report shows a 12.4 percent year-over-year increase in mortgage fraud risk. CoreLogic Reports a 12.4 Percent Year-over-Year Increase in Mortgage Fraud Risk for the Second Quarter of 2018

To monitor mortgage. 1.2 percent, while it peaked in November 2008 at 2 percent. “Our latest home equity report found that the average homeowner saw a $9,700 increase in their equity during 2018,”.

The increase in the credit risk, as measured by the HCI during the past year. 2018, with continuing economic and home price growth, we expect credit-risk metrics to rise modestly.” The CoreLogic.

The risk of mortgage fraud in the second quarter was 12.4 percent higher from one year earlier, according to the latest data from the CoreLogic mortgage application fraud Risk Index. CoreLogic determined that an estimated one in 109 applications, or 0.92 percent of all mortgage applications, contained indications of fraud in the second quarter.

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There was a 12.4% year-over-year increase in fraud risk at the end of the second quarter of 2018, according to Corelogic’s most recent Mortgage application fraud risk index.. As growing concern.

 · home sales report, U.S. single family homes and condos sold for a median price of $266,000 in the second quarter, up 10.8 percent from the previous quarter and up 6.4 percent from a year ago — reaching a new median home price peak.

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Thirty-year fixed mortgages fell to their lowest point in over a year, and tappable equity has fallen for the second consecutive quarter, according to the latest Mortgage Monitor report from Black.

More than a half-million fewer homeowners were underwater at the end of the second quarter of 2016 than at the beginning CoreLogic. quarter of this year and 4.5 million in the second quarter of.

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