Interthinx, an analytics firm that studies loan fraud, noted Wednesday that the employment/income fraud index rose 14% in the year 2011, continuing a trend that has been ongoing for two years.
Among these 91, the riskiest metro is Chattanooga, where mortgage fraud risk rose by more than 30 percent over the quarter. California and Florida metros round out the next nine riskiest metros.
Thousands of Florida mortgages could be at risk because of insurance abuse Also, rates charged by the national flood insurance Program (NFIP) will more accurately reflect the unique flood risk. that could serve as incentives to convert wetlands to agricultural use,Exclusive Florida Reverse Mortgage Leads. Live Phone Transfers.
March 12, 2014 Mortgage Fraud Risk Drops, valuation fraud risk steady. Lenders faced a reduced risk of mortgage fraud during the fourth quarter of 2013, yet borrowers were three times as likely to lie about occupancy on multi-unit properties compared to single-unit properties, according to the National Mortgage Fraud Risk Report released Feb. 28 by analytics firm Interthinx.
Mortgage Fraud Risk Index Reaches Highest Level Since 2004: Interthinx. The risk of mortgage fraud is on the rise. According to the quarterly Mortgage Fraud Risk Report released Tuesday by Agoura Hills, California-based Interthinx, overall mortgage fraud risk in the first quarter of 2010 jumped 4 percent from the previous quarter and was 11 percent higher than the same quarter a year.
On March 28, Interthinx released its annual Mortgage Fraud Risk Report, which highlights some of the most significant mortgage fraud risk trends based on trends based on analysis of loan applications processed in 2011 by the Interthinx FraudGUARD® system. According to the annual report, the Employment/Income Fraud Risk index rose 14 percent.
The Interthinx quarterly Mortgage Fraud Risk Report indicates that the Occupancy Fraud Risk Index rose by 25 percent, and five MSAs saw 70% increases Report Reveals Disturbing Jump in Occupancy.
While the overall interthinx mortgage fraud risk index remains elevated but unchanged from the previous quarter’s value of 145 (n = 100), it is worth noting the reversal in a number of trends that have persisted over the last year or longer. It is not yet possible to determine whether these reversals represent normal fluctuations in fraud risk or herald a fundamental shift in long term trends.
May 2011 Interthinx Draws Analysis between Mortgage Fraud Risk and Foreclosure Activity. Con artists may be migrating to states with high foreclosure rates to initiate fraudulent activity, risk mitigation firm Interthinx suggested in its March 28 mortgage fraud risk Report.