CoreLogic says South Florida tops mortgage fraud risk index, delinquencies rising – South Florida Business Journal

CoreLogic says South Florida tops mortgage fraud risk index, delinquencies rising – South Florida Business Journal The risk of mortgage application fraud fell in the second quarter of 2019 thanks to a decrease in interest rates. According to CoreLogic’s national mortgage application fraud risk index, fraud.

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Mortgage Insurance (MI) is an insurance policy that protects a mortgage lender or title holder in the event that the borrower defaults on payments or is otherwise unable to meet the contractual obligations of the mortgage. MI, which is paid by the borrower to a private MI company, can cost the borrower up to 1% of the loan annually.

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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CoreLogic says South Florida tops mortgage fraud risk index, delinquencies rising – South Florida Business Journal 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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CoreLogic says conditions in the mortgage market are once again fertile ground for mortgage fraud.The company’s National fraud risk index hit a new high of 132 in the first quarter of this year.