Mortgage fraud risk rises as jumbos attract more attention

5 ways the jumbo mortgage market will change in 2014. More lenders are competing for their attention, which means that rates on jumbo mortgages could rise at a slower pace than other loans.

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Insured depository institutions have traditionally avoided lending to customers with poor credit histories because of the higher risk of default and resulting loan losses. However, in recent years a number of lenders 1 have extended their risk selection standards to attract lower credit quality accounts, often referred to as subprime loans.

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Overall fraud risk in the home mortgage field is up by 16.9 percent in the most recent 12-month period tracked by data analytics firm CoreLogic. And of all types of application fraud, the risk of.

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The Subprime Mortgage Crisis: Underwriting Standards, Loan Modications and Securitization Laurence Wilse-Samsony February 2010 Abstract This is a survey of some literature on things that have been going on in housing mainly. Because it’s interesting. I highlight some aspects of the bubble, then some causes of the crash.

Mortgage fraud. In 2004, the Federal Bureau of Investigation warned of an "epidemic" in mortgage fraud, an important credit risk of non-prime mortgage lending, which, they said, could lead to "a problem that could have as much impact as the S&L crisis". Down payments and negative equity

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Although most people don’t associate applying for a mortgage with committing a crime, mortgage fraud is more common than you would think. Anecdotal evidence suggests that even though the number of cases is relatively low compared to the total of all fraudulent acts committed against financial institutions, the total dollar losses are extremely high.

Occupancy Fraud on the Rise Some of the less robust lenders are likely to fail or pull out of lending should defaults start to rise, making FHA less able to fulfill its countercyclical role as well as it did in the last crisis..