New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud as fraud on mortgage applications ticks up.
Report: South Florida has highest risk of mortgage fraud in the country. The high number of cheap foreclosed homes in South Florida has made the region a magnet for fraud. But as the foreclosure inventory dwindles away, the opportunity for fraud is growing smaller. The risk of mortgage fraud in South Florida fell by 9 percent year-over-year in the second quarter, according to the report.
The national mortgage application fraud risk index rose from 108 in the third quarter of 2016 to 122 in the fourth quarter, according to researchers at CoreLogic, a sequential increase of 13%. The.
The top 100 CBSAs for fraud risk are available to members of the CoreLogic Mortgage Fraud Consortium and can be downloaded from the LoanSafe Connect Resource page. * Top 100 CBAs are determined by population. 2016 resident total population estimate from U.S. Census Bureau population division march 2017 release.
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TAMPA, Fla. (WFLA) – Tampa Bay is the sixth most high-risk metro area in the country for mortgage application fraud, according to mortgage risk mitigation provider CoreLogic.. Even while ranking.
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Tampa Bay area ranks high in risk for mortgage application fraud New study found three Florida metro areas among the top 10 nationally in the risk of fraud. By Susan Taylor Martin