CoreLogic just released it’s 2017 Mortgage Fraud Report in which Missouri made the list of the five states with the highest year-over-year risk growth for mortgage fraud. The two types of fraud Missouri made the list on were Transaction fraud risk and Undisclosed Real Estate Debt fraud risk.
Below are some national highlights from the report (all figures are based upon 2nd quarter 2017 compared with 2nd quarter 2016):
- Occupancy Fraud Risk increased nationally 7%
- Transaction Fraud Risk increased 3.9%
- Income Fraud Risk increased 3.5%
- Property Fraud Risk decreased 1.9%
- Undisclosed Real Estate Debt Fraud Risk decreased 2.7%
- Identity Fraud Risk decreased 7.3%.
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