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As U.S. housing prices have jumped, the risk of fraudulent mortgage applications for home purchases has climbed too, according to CoreLogic data. So reports Better Dwelling.
The CoreLogic National Mortgage Application Fraud Risk Index hit 122.9 in the first quarter of this year, an 11.9% increase on the prior quarter.
Las Vegas was the real estate market with the highest mortgage fraud risk, according to CoreLogic’s index, followed by Poughkeepsie, N.Y., and Miami.
