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Home sales are tepid, but mortgage fraud is becoming more common

CoreLogics-quarterly-fraud-risk-report
CoreLogic’s risk index rose 8.3% in the past year, driven by more cases of identity and transaction fraud

New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet.

The CoreLogic Mortgage Application Fraud Risk Index jumped by 8.3% year over year in the second quarter of 2024. This included a 1.1% increase from the prior quarter. The real estate data analysis firm noted that the index “has been slightly increasing to flat over the last year, which is expected details ⇒

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