Mortgage Fraud Risk Drops, But Coronavirus Could Bring New Wave

National Mortgage News, Apr. 22, 2020–Paul Centopani (subscription)
The risk for mortgage application fraud fell 8.9% in the opening quarter of 2020 from the prior quarter and 26.6% from the same period last year. The latest risk level runs similarly to the last refinance boom of this magnitude in the third quarter of 2016, according to CoreLogic’s National Mortgage Application Fraud Risk Index.