Fraud

June 4, 2019

Mortgage Application Fraud Risk Declines

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications during April decreased by 4.2% from March, according to new data […]
April 2, 2019

Income Application Fraud Risk on the Rise

As the housing market becomes more competitive, homebuyers are increasingly pressured to seek out larger loans – leading some to misrepresent their income on loan applications. […]
February 5, 2019

Mortgage Defect Risk Rises to 4-Year Peak

In December, defect risk continued to rise across the country, according to the latest First American Loan Application Defect Index. According to the report, the frequency […]
January 24, 2019

Government Shutdown Increases Mortgage Lender Risk

As the partial government shutdown drags on and 800,000 federal workers remain unpaid, experts at Moody’s Investors Service issued a note of caution to mortgage lenders […]
November 13, 2018

Lenders See Higher Cost of Fraud in 2018

The cost of fraud has increased in 2018 as the rise of digital lending brings unique fraud prevention challenges, according to the “True Cost of Fraud” […]
November 9, 2018

Credit Card Chips Fail to Halt Fraud

New chip-enabled credit cards, which were rolled out to U.S. consumers starting in 2015, were supposed to put an end to rampant credit card fraud.  So […]
October 11, 2018

Mortgage Application Defect Risk Down

Mortgage application defect risk is down from a year ago, but Hurricane Florence will likely tear through results in affected areas in the coming months. The […]
September 21, 2018

Banks Need to Regain Public Trust

Banks have seen their reputation with the public tumble since the financial crisis.  A recent poll published by the American Enterprise Institute sheds some light on […]
September 18, 2018

Mortgage Fraud at Highest Level Since Recession

Mortgage fraud risk has hit its highest level in seven years, according to new data from CoreLogic.  The report shows a 12.4% year-over-year increase in fraud […]