In response to its own findings that employment and income mortgage fraud risk rose significantly in 2010, Interthinx has integrated new critical data points to help lenders identify high-risk.
www.dsnews.com In its latest quarterly Mortgage fraud risk report, Interthinx revealed first-quarter mortgage fraud risk was up 1 percent over last quarter and was unchanged from the same quarter in 2012. California was the riskiest state in the nation, boasting a mortgage fraud risk index of 125.
*To Detect Fraud, Go To The Source* **By george yacik** *** Think origination fraud has gone away just because the mortgage bubble has burst and loan volume has dropped sharply? Think again. According to Interthinx, the National Mortgage Fraud Risk Index rose to 159 in the fourth quarter of 2012.
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Interthinx believes inflated values are a mix of fraud and honest overpricing. The report identified other types of potential fraud in Baltimore, including investors posing as owner occupiers.
· The Interthinx (FAF) National Mortgage Fraud Risk Index rose 3% in the fourth quarter of 2014, rising to a reading of 101. The index stands unchanged from one year ago.
The risk for property valuation fraud rose nearly 8 percent for this fourth quarter following a period of decline, according to the ""Mortgage Fraud Risk.
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The report says that fraud continued in 2010 at elevated levels that were consistent with those seen in 2009. Mortgage fraud enables high profits through illicit activity while posing a relative low.
in matters involving land title issues, mortgage fraud, real estate disputes, lending and truth-in-lending issues, insurance coverage issues, contract disputes, and business torts. Russell is also a member of the Board of Managers of the law firm’s title agency; Multi-
Criminal Investigative Division (CID), and prepared by the Financial Crimes Intelligence Unit (FCIU), Directorate of Intelligence (DI). DOJ has refused to prosecute any elite banker for mortgage loan.
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.