CoreLogic: Mortgage Fraud Risk Rising Fast

The risk that mortgage fraud will have an economic impact in vulnerable markets continues to rise at "an unprecedented rate," according to CoreLogic, a Sacramento, Calif.-based provider of mortgage risk assessment and fraud prevention systems.CoreLogic said its recently developed Core Mortgage Risk Monitor, which forecasts the most likely locations of fraud "hot spots" over the next 12 to 18 months, rose by 5% in the second quarter. The five U.S. markets currently most at risk are Detroit-Livonia-Dearborn, Mich.; Memphis; Dayton, Ohio; Akron, Ohio; and Gary, Ind. CoreLogic can be found on the Web at http://www.corelogic.com.