Mortgage fraud risk high across Florida, NYC and SoCal, report says

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Mortgage application fraud risk in the second quarter of 2016 is considered to be fairly stable, according to a new report released by CoreLogic. Measuring the top metros with the highest mortgage fraud risk, the data company released its quarterly insights known as the CoreLogic Mortgage Application Fraud Risk Index (FRI). According to the report, Florida remains a risky state with several metro areas reporting above national-level fraud risk. Miami took the no. 1 spot with a second quarter FRI of 278, although that represents a 3 percent drop over the previous quarter. The top three Core Based Statistical Areas (CBSAs) reported were in Florida, with Lakeland-Winter Haven and Tampa-St. Petersburg-Clearwater following Miami. Lakeland saw a decent quarterly improvement of 8 percent…


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