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Tag Archives: Mortgage Fraud

Uncovering the True Cost of Mortgage Fraud

LexisNexis has released its first True Cost of Fraud for Real Estate study which examines fraud trends for the United States based on the answers of 360 risk and fraud management executives which found that mortgage lenders are especially vulnerable through online ...

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The True Cost of Fraud

A new survey reveals the real price paid by mortgage lenders in cases where fraud occurs, as for every $1 in fraud in 2021, lenders spent $4 to recover their losses.

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Fraud Risk Down Due to More Refinance Volume

The CoreLogic Quarterly Mortgage Fraud Brief is a quarterly report that analyzes the top metropolitan areas with the highest mortgage fraud risk based on the company’s research of trends found in residential mortgage loan applications processed through its LoanSafe Fraud Manager.  According to the report, authored by Bridget ...

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When Mortgage Fraud Hits Home

A Sacramento grand jury charged three people allegedly connected to a more than $7 million mortgage fraud scheme across California. Click through to read more.

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Fraud Watch

Like a tornado watch, CoreLogic's National Fraud Risk Index showing new highs doesn't necessarily mean there is more fraud, however it does mean the conditions are right for fraud to grow. Take a look at what the new fraud schemes are and what old scheme is returning in the Video Spotlight.

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Freddie Mac to Seek Punitive Damages in Deloitte Lawsuit, Report Says

Freddie Mac sued Deloitte for $1.3 billion in a Florida court in September 2014 with regards to fraudulent mortgage loans the GSE purchased from Taylor Bean & Whitaker, according to reports. Freddie Mac says it would not have purchased those mortgage loans from Taylor Bean if Deloitte, which audited Freddie Mac from 2002 to 2009, had paid attention to red flags which indicated fraud.

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Sixteen Charged in Nationwide House Flipping Telemarketing Scam

Sixteen individuals have been charged in relation to a telemarketing scheme to sell houses to investors in most of the U.S., including Michigan, according to a joint announcement by U.S. Attorney for the Eastern District of Michigan Barbara McQuade and Special Agent in Charge of the FBI Detroit Field Office Paul Abbate.

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Report: Mortgage Fraud Risk Increases 3.2 Percent

CoreLogic's latest Mortgage Fraud Report, released Tuesday, shows a 3.2 percent year-over-year increase in fraud risk among mortgages in the U.S. in the second quarter of 2014, as measured by the Mortgage Application Fraud Risk Index.

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