Mortgage Fraud Risk Rises, Valuation Risk Down

Although the number of fraudulent mortgage applications dipped, the share and risk worsened. But a big improvement was made on valuation fraud risk.

An estimated 12,718 applications for residential loans contained some sort of fraud during the three months that concluded on June 30 of this year.

There has been little change in the volume of fraudulent mortgage applications submitted compared to the second-quarter 2015, when the total was 12,814.

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From:: Financing