The 2012 Mortgage Fraud Trends Report which estimates the mortgage lending industry will originate $13 billion in loans containing fraudulent information, a $1-billion increase over the 2011 and 2010 figures.
CoreLogic evaluates 80 percent of all mortgage applications in the U.S. for potential fraud and tracks suspected and confirmed fraudulent activity on existing loans. The report highlights findings from the CoreLogic National Mortgage Fraud Index, which provides a relative basis of comparison over time for residential loan origination mortgage fraud risk in the United States and represents the collective level of mortgage fraud that is likely to occur. It includes risk indices across multiple fraud types including employment, identity, income, occupancy, property and undisclosed debt.
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