CoreLogic Data Highlights Increase in Instances of Mortgage Fraud in Q1 and Q2 2023

Data from CoreLogic found that, while the risk of mortgage fraud had decreased annually by 3.1%, this increased 1.6% during Q1 and Q2 2023. According to CoreLogic, fraud rose annually in five of six categories, most notably identity fraud and occupancy risk, increasing 12% and 11.8%, respectively. The company also notes that the high interest rate environment makes delays and repurchases due to origination errors more costly.

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