REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
Welcome to Nationwide Management Services, Inc. Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
CONTACT US
 

Mortgage Fraud Risks Rise, Especially Income Fraud; CPI Not Much Help For Rates

Mortgage Fraud Risks Rise, Especially Income Fraud; CPI Not Much Help For Rates

The risk of mortgage fraud jumped by 12.4 percent on an annual basis in the second quarter, the seventh consecutive quarter in which it has increased . CoreLogic said its Mortgage Application Fraud Risk Index now puts the rate of fraud at 0.92 percent or one of every 109 mortgage applications received. In the second quarter of last year the index was 0.82 percent or 1 in 122 applications. The increase was present in all market segments, but the segment for conforming mortgages with loan-to-value (LTV) ratios of 80 percent or less experienced the largest. Purchase applications overall grew more than refinances with the exception of jumbo refis, possibly because that segment suffered the largest decline in volume. Jumbo refinances had an index of 266 while purchase applications overall were at
No Comments

Sorry, the comment form is closed at this time.