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

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The drop in the MBA index roughly corresponded to results in a separate application index, the MAX series published by Mortgage Maxx LLC and often used by Wall Street prepayment researchers as a forward demand indicator; the max index fell 3.3 percent to a reading of 117.3 for the week ended aug. 15, while a subindex tracking application.

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Foreclosure fraud whistleblower wins $18 million settlement 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.

South Florida is the nation’s capital of mortgage fraud, property data firm CoreLogic says. In a report released Wednesday, CoreLogic reported that the metro area of Miami-Dade, Broward and Palm Beach counties had the highest levels of home-loan chicanery in the nation during the second quarter of 2019.

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The CoreLogic National Mortgage Application Fraud Risk Index, which analyzes metro areas with the highest mortgage fraud risk, reflects this challenge. The Index rose to 144 for Q1 2018 (a 10 percent increase over Q1 2017). Sessions at the event included topics such as cyber fraud and the how the advent of the digital mortgage impacts fraud risk.

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Contents Mortgage fraud risk index Markets: south florida home sales Florida tops mortgage Hamilton group funding consumer driving mortgage fraud The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals.