With an overheated U.S. housing market in 2021, new government-sponsored enterprise requirements on investment properties and the transition to a more robust purchase market, mortgage fraud is once again on the rise after a brief dip last year, according to property data company CoreLogic’s Bridget Berg.
CoreLogic’s National Mortgage Application Fraud Risk Index also reported an increase by 10.5% in Q2, up from a 120 index reading Q1 2021 to 132 in Q2 2021. The year-over-year trend is up 37.2% from Q2 2020 (at 96).
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