Report Finds Fraud, Forgery Pose Real Risks With Refinances

A report commissioned by the American Land Title Association, Washington, D.C., and conducted by Milliman Inc., Brookfield, Wis., found fraud and forgery claims tied to refinance transactions pose a significant concern.

Milliman: Mortgage Default Risk Inches Up

Milliman, Seattle, said its Milliman Mortgage Default Index shows a slight increase in the lifetime serious delinquency rate (for homes 180-plus days delinquent) for U.S.-backed mortgages.