Saturday, November 26, 2022 | The Latest Buzz for the Appraisal Industry

Sheila Klostermann: How Economic Cycles Change the Mortgage Fraud Landscape

PERSON OF THE WEEK: Although it’s nowhere near as prevalent as it once was, mortgage fraud continues to persist in a small fraction of loan documents. What’s more, mortgage fraud seems to ebb a flow almost predictably based on market cycles: For example, the risk of fraud increases in a purchase market, because in general there are more borrowers providing their personal information for the very first time.

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