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.
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New York, New Jersey and Florida remain the top three states for mortgage application fraud risk Risk index has continually increased for the last seven quarters All loan segments showed increased.
As a result, some families – especially in high-tax states. the importance of mortgage interest and property tax deductions as incentives for homeownership – worries the teachers union. “Florida.
New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud as fraud on mortgage applications ticks up nationally, according to CoreLogic.
It also reports that within the State of Florida, the top two communities with the most rampant mortgage fraud are Tampa and Miami. There are 177 pending mortgage fraud cases for 2010 in the FBI’s local field office with Miami having 92 in the year 2010.