CoreLogic’s latest report revealed a 37.2% year-over-year spike in mortgage fraud risk in the second quarter.
At the end of Q2 2021, about one in 120 mortgage applications (approximately 0.83% of all applications) contained fraud – similar to pre-pandemic levels. By comparison, one in 164 applications, or an estimated 0.61% of total applications, were fraudulent in Q2 2020.
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