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Protect yourself against rising risk of mortgage fraud – Fraud in connection with home mortgages is on the rise, ranging from little white lies. rental home investors get charged more. Application fraud was found in one of every 122 mortgage applications.
Mortgage Fraud is on the Rise – princetonmortgage.com – Borrowers will go through the application and claim the subject property is a primary residence, rather than an investment property. Pricing for primary residences is generally more favorable than that of investment properties, and occupancy fraud is on the rise due to the surge of interest in rental properties and house flipping.
Public Safety Strategies for Addressing Mortgage Fraud and the. – ing a dramatic rise in the number of vacant and abandoned properties.. internet and other technologies that make the loan application process “faceless.
Where mortgage application fraud is on the Rise | MD Magazine – Where Mortgage Application Fraud is on the Rise. JANUARY 30, 2013. Laura Joszt. Whenever something is doing well, there will undoubtedly be people looking to take advantage. As the housing market turns a corner and starts to pick up speed, mortgage application fraud has also increased, which.
Fraud on the rise in mortgage applications – News – Fraud and misrepresentation in mortgage applications is on the rise, according to. According to First American's Loan Application Defect Index,
Mortgage Fraud is on the Rise. Here's How to Avoid It. – (Heraldkeeper via COMTEX) — Mortgage fraud is on the rise, according to a new report from CoreLogic, a real estate data firm. Approximately one in every 109 mortgage applications.
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This is why loan fraud is running rampant – Loan fraud is rampant in the U.S., and is on the rise. According to the LexisNexis 2014 Mortgage Fraud report. There are basic rules that should be followed for any type of loan application. For.
Orlando Mortgage Fraud Lawyer – O'Mara Law Group – Attorny O'Mara Mortgage fraud is the process of making false or misleading statements on a loan application for the purpose of increasing the size of a home .
Mortgage Fraud Challenges: How to Catch a Thief – Because of the growth in mortgage fraud, some states have moved to. Employment information/history on the loan application is not.
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CoreLogic: Mortgage Fraud Risk Increased 3.9% In Q2 – “Mortgage application fraud risk will likely rise over the next few years if current trends of higher loan-to-value purchases and increased credit availability continue,” said Bridget Berg, senior.
Mortgage rates soar to seven-year highs – The market composite index – a measure of total loan application volume – declined. A credit score of 704 adds up to good news for home buyers Mortgage fraud by wannabe home buyers is on the rise..
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Leading Provider of Audit Technology for the Mortgage. – Mortgage App Fraud On the Rise. MReport–Seth Welborn . Fraud risk is up, according to the latest corelogic mortgage Fraud Report. According to the report and the CoreLogic Mortgage Application Fraud Risk Index, mortgage risk is up 12.4 percent year over year as of Q2 2018.