Fraud is on the Rise, But Outlook Depends On Whether the Economy Will Get Worse
September 22, 2006
Sherlock Holmes, who reportedly read “nothing except the criminal news and the agony column,” could have plenty to digest in the contemporary mortgage market that is being inundated by fraud that costs lenders hundreds of millions of dollars. Most mortgage fraud experts predict things aren’t getting better. CoreLogic has just released the second quarter results of its newly launched Core Mortgage Risk Monitor, which shows a 5 percent rise from the first quarter in the likelihood...