While a small fraction of RON transactions may involve fraudulent activity, Brooke Adams of Stavvy discusses the advanced tools at the disposal of the industry to stay ahead of bad actors.
Read More »Mortgage Fraud Risk Declines
Despite applications increasing, risk is at the same level when compared to when the index began in Q3 2010.
Read More »Mortgage Application Fraud Rises for First Time in 15 Months
Several markets reported loans defects of more than 30%. Click through to read more.
Read More »Mortgage Application Fraud Fell Nearly 9% in Q1 2020
The top-three markets for fraud were also found to be among the leaders in investment properties. Click through to see who is buying these homes.
Read More »Mortgage Fraud Frequency Falls
Mortgage fraud is down, but according to a new report, defects saw a slight increase nationally.
Read More »Top States at Risk of Mortgage Application Fraud
Fraud risk has continued to decline, but according to a new report, these states and metro areas are seeing their risk increase. Here's why.
Read More »Manhattan Judge Dismisses Paul Manafort Mortgage Fraud Case
Manafort had pled not guilty to the charges in June, and in September, his attorneys filed a motion to dismiss the case, which accuses him of plotting and executing a mortgage fraud in New York.
Read More »What is Leading the Downfall of Defect Risks?
Analysis shows two main reasons for the fall of fraud and misrepresentation in applications as consumer buying power grows.
Read More »SEC Charges Execs of Reverse Mortgage Company With Fraud
The complaint alleges CEO fraudulently inflated the value of its reverse mortgage portfolio. The company’s bond portfolio rose from $71 million to $570 million.
Read More »Risks of Mortgage Loan Defects Dropping
First American Financial Corporation reported that the frequency of defects, fraud, and misrepresentation in mortgage loan applications fell 7% month-over-month in June. June’s report represents a 3.9% year-over-year ...
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