As Mortgage Rates Rise, So Does Mortgage Fraud

  Mortgage fraud rose by 12.4 percent year over year in the second quarter of 2018. Income falsification is the fastest-rising form of mortgage fraud, up by 22.1 percent on an annual basis. California ranks as the country’s ninth-riskiest state for mortgage lenders. CoreLogic’s 2018 Mortgage Application Fraud Risk Index rose by 12.4 percent in …

  Mortgage fraud rose by 12.4 percent year over year in the second quarter of 2018. Income falsification is the fastest-rising form of mortgage fraud, up by 22.1 percent on an annual basis. California ranks as the country’s ninth-riskiest state for mortgage lenders. CoreLogic’s 2018 Mortgage Application Fraud Risk Index rose by 12.4 percent in …

More Than Six in 10 Millennials Lack a Prime Homebuying Credit Score

  Sixty-one percent of millennials without mortgages have credit scores lower than 661. Millennials with mortgages have average credit scores of 716. While one survey puts the number of millennials who think homeownership is a good investment at more than 80 percent, another poll says that less than half of that generation express the same …