Mortgage fraud risk climbs in Southwest Florida

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Mortgage fraud risk climbs in Southwest Florida – News. – The local fraud risk index climbed by 35 percent over 2017, the biggest jump among the top 15 highest fraud-risk metros. Mortgage fraud can include anything from false information on identity.

Although national mortgage fraud risk is on the decline, Florida is showing signs of increased fraud risk, according to new data released by Agoura Hills, Calif.-based Interthinx. In the latest quarterly release of its mortgage fraud risk report, Interthinx finds that the overall mortgage fraud risk.

The local fraud risk index climbed by 35 percent over 2017, the biggest jump among the top 15 highest fraud-risk metros. Mortgage fraud can include anything from false information on identity.

A decade after Lehman Brothers went bust, mortgage application fraud risk jumped 12.4% so far in 2018 compared to year-ago levels, say researchers at CoreLogic. And the firm’s national mortgage application fraud index – which had been going sideways from 2011 through mid-2016 – recently hit a new record for this decade.

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Based on the latest data from CoreLogic’s mortgage fraud risk index, mortgage lenders in the Miami metropolitan area face the highest risk for attempts to commit fraud. The index is based on the.

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The risk of mortgage application fraud fell in the second quarter of 2019 thanks to a decrease in interest rates. According. Average 30-year mortgage rate falls to 4.1% PERT Florida Real Estate School Average US rate on 30-year mortgage falls. MORTGAGE giant Freddie Mac says the national average for a 30-year fixed-rate mortgage slipped to 3.66 per cent from 3.70 per cent last week.

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