Tag: mortgage risk
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More Deed Holders Slip Under Water. Lost Equity Risk Varies by Region.
The average deed holder is doing OK—sitting on $299K. But as high as home values are, across-the-board homeowner equity is down from its 2024 highs. Home equity belonging to the average U.S. deed holder went down by about $13K last year. In 32 states, people have been losing equity. Most strikingly, the number of mortgage…
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Mortgage Fraud Risk Rises, as White House Moves to Banish the Watchdog
Mortgage applications with signs of fraud have increased more than 8% since this time last year. The news comes from the property analytics firm Cotality. The firm runs algorithms through applications, pinpoints possible fraud, and maintains the National Mortgage Application Fraud Risk Index. Cotality notes that real estate fraud rises as more investors take out…
