Fraud risk rose on purchase market shift and more wholesale loans

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"The consumer credit market has been buoyed by relatively strong macroeconomic factors this year, and our forecast sees more of the same in 2019," said Matt Komos, vice president of research.

The laws of demand and supply continue to apply in the financial markets. According to the law of demand, a higher rate of return (that is, a higher price) will decrease the quantity demanded.As the interest rate rises, consumers will reduce the quantity that they borrow.

Get more loans off your books with the suite of. mortgage fraud risk rose to its highest post-recession level, climbing over 12% YoY in Q2.. FGMC is also standing up a Wholesale Channel and. Jumbo refinance loans are the segment showing the greatest fraud risk increase by loan type.

3 Financial Crimes Enforcement Network, “Mortgage Loan Fraud: An Industry.. terms more favorable to the borrower, i.e., at a lower interest rate, a lower down payment, and/or. place financial institutions [and the stock market] at risk.. Wholesale flipping, where foreclosed properties are purchased in bulk then sold to.

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Jumbo refinance loans are the segment showing the greatest fraud risk increase by loan type. Occupancy, Transaction and Income fraud types showed increases year-over-year, with the greatest increase in Occupancy fraud risk at 7.0 percent. National Mortgage Origination Fraud Index (Q3 2010 – Q2 2017) Source: CoreLogic Q2 2017

The HCAI measures the percentage of home purchase loans that are likely to default-that is, go unpaid for more than 90 days past their due date.. that while credit risk rose to its highest.

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CPMI is publishing "Reducing the risk of wholesale payments fraud related to endpoint security" – May 2018. Fraud in the wholesale payment ecosystem is becoming increasingly sophisticated, and recent examples have shown that weaknesses in security at one endpoint in the ecosystem can be exploited to commit payments fraud.

continue, including a shift to purchase transactions and growing wholesale channel origination activity, it is likely that mortgage application fraud risk will continue to rise as well. Fraud on cash-out re nance transactions and home equity loans may become more of a factor in the coming years as home values and equity rise."