The latest Mortgage Fraud Risk Report reflects a 4% percent decrease in 2014 over 2013 that signals a halt in the gradually rising trend of mortgage fraud observed in the previous four years. The only type of fraud with increasing risk was property valuation, according to the report, which increased by 17%. The report also reflect that overall, mortgage fraud risk has appeared to normalize and there is less overall real estate market volatility with stabilization of real estate prices and inventory across the nation.
The Mortgage Fraud Risk Report is issued by Interthinx, a subsidiary of First American Financial Corporation.
