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【World Property Journal】Mortgage Fraud Risk in U.S. Drops by 7.5 Percent Annually in Q2

【World Property Journal】Mortgage Fraud Risk in U.S. Drops by 7.5 Percent Annually in Q2

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According to CoreLogic's latest Mortgage Fraud Report, there was a 7.5% year-over-year decrease in fraud risk at the end of the second quarter of 2022, as measured by the CoreLogic Mortgage Application Fraud Risk Index. The decline in mid-2022 follows a large increase seen in the same period in 2021 and is partially due to the recalibration of CoreLogic's scoring model in the first quarter of 2022. Since that update, higher risks were recorded during months in the second quarter, particularly for certain types of mortgage fraud. 

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