Mortgage fraud is on the rise as more buyers are inflating their incomes in order to qualify for new purchases. Roughly one in every 109 mortgage applications has some indication of fraud, according to data from CoreLogic cited by CNBC. Mortgage fraud risk climbed 12 percent in the second quarter from a year earlier. And areas like New York, New Jersey, Florida, Washington, D.C. and New Mexico are most at risk. Bridget Berg, principal of […]
source https://therealdeal.com/2018/10/06/fraud-alert-bogus-mortgage-applications-are-on-the-rise/
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