CoreLogic says South Florida tops mortgage fraud risk index, delinquencies rising – South Florida Business Journal
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CoreLogic says south florida tops mortgage fraud risk index, delinquencies rising – South Florida Business Journal CoreLogic reported that the National Mortgage Application Fraud Risk Index increased to 122 in the fourth quarter of 2016. The trend shows increasing risk for the year overall from an index value of 115 in the Fourth Quarter of 2015.
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CoreLogic issued two reports that paint a troubling picture of the residential mortgage market in South Florida. The tri-county region is the most at-risk metro area in the nation for mortgage fraud.
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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· Nationwide, delinquencies on subprime loans — at about 28% as of February, according to First American CoreLogic — remain much higher than for option ARMs. But recent reports from mortgage securitizations suggest that subprime delinquencies have started going bad at a lower rate while delinquencies on option ARMs are speeding up.
PwC has been surveying the world’s chief executives since before the turn of the century – 1997, to be exact – so this year, we decided to take a look back, as well as forward, to analyse the predictive power of CEOs.CoreLogic says South Florida tops mortgage fraud risk index, delinquencies rising – South Florida Business Journal Top.