United States:
Mortgage Fraud Risk Is Unchanged And Valuation Risk Increased
28 October 2014
Fox Rothschild LLP
To print this article, all you need is to be registered or login on Mondaq.com.
Mortgage Daily has reported that there was no quarterly change
in the risk of mortgage fraud, according to the 2Q 2014 National
Mortgage Fraud Risk Index published by analytics firm Interthinx.
However, the risk of Valuation fraud was up for the quarter.
The mortgage fraud risk index, which is based on an analysis of
loans processed through the FraudGUARD system. California has the
highest fraud index. Florida and New Jersey are tied at second
place for highest overall risk. The national Property Valuation
Fraud Index was higher than the first quarter and the same point
last year.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Real Estate and Construction from United States
Chapter 1: The Bid
The Cromeens Law Firm
"I did not agree to do the electrical work. I never agree to do the electrical work." That's what Josh from Super Door Subcontractor told me after the general contractor on his community college project...
Construction Defects Coverage Update
Plunkett & Cooney
The U.S. Court of Appeals for the Eleventh Circuit determined that an insurer had a duty to defend its insured on the basis that, at the time the insured requested a defense...
AI Applications And Risks In Construction
HKA
In July 2023, the Construction Management Association of America hosted a webinar discussing the merits and use of artificial intelligence (AI) in construction.