Occupancy Fraud Appears to Be on the Rise, Panel Says

WASHINGTON–Occupancy fraud looks to have increased over the past few years, representatives from CoreLogic and Fannie Mae warned at a panel titled “Trending – The Looming Threat of Occupancy Misrepresentation” at the Mortgage Bankers Association’s Compliance and Risk Management Conference.

Housing Starts Increase in July

Housing starts in July were at a seasonally adjusted annual rate of 1,452,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.