Tampa Bay ranked among high-risk metro areas for mortgage application fraud

Local News

In this Friday, July 19, 2019 photo, a for sale sign is posted in front of a home in Miami. On Tuesday, July 23, the National Association of Realtors reports on sales of existing homes in June. (AP Photo/Lynne Sladky)

TAMPA, Fla. (WFLA) – Tampa Bay is the sixth most high-risk metro area in the country for mortgage application fraud, according to mortgage risk mitigation provider CoreLogic.

Even while ranking No. 6 in the country, the Tampa Bay area – which has a population of more than three million – saw a decreased fraud rate between Q1 and Q2 this year, down 16 percent from 233 to 197 on the CoreLogic index.

The Miami-Fort Lauderdale area ranked first in the country.

Using the largest mortgage application database in the country, the index measures the rate at which borrowers lie about their income or engage in the other types of potential fraud when applying for a mortgage. 

Overall, the company’s annual National Mortgage Application Fraud Risk Index decreased significantly, from 152 in Q1 of 2019 to 132 in Q2 2019.

Year-over-year trends are down 11.4 percent from Q2 2018 (at 149).

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Top Videos

Huge law enforcement presence at Fivay HS following several issues

Thumbnail for the video titled "Huge law enforcement presence at Fivay HS following several issues"

Crash closes State Road 54

Thumbnail for the video titled "Crash closes State Road 54"

Wednesday Morning Forecast

Thumbnail for the video titled "Wednesday Morning Forecast"

Tampa water main break could slow down traffic on Wednesday morning

Thumbnail for the video titled "Tampa water main break could slow down traffic on Wednesday morning"

Tampa police investigate assault of teen near Gasparilla parade

Thumbnail for the video titled "Tampa police investigate assault of teen near Gasparilla parade"

Years after fire, Palm Harbor church nearly ready to reopen

Thumbnail for the video titled "Years after fire, Palm Harbor church nearly ready to reopen"

Fivay High School teacher arrested for having loaded gun on campus

Thumbnail for the video titled "Fivay High School teacher arrested for having loaded gun on campus"

Florida College isolates unvaccinated students after measles case on campus

Thumbnail for the video titled "Florida College isolates unvaccinated students after measles case on campus"

Gift cards destroyed

Thumbnail for the video titled "Gift cards destroyed"

Senator urges Trump to orchestrate coordinated approach to prevent spread of coronavirus

Thumbnail for the video titled "Senator urges Trump to orchestrate coordinated approach to prevent spread of coronavirus"

Florida sheriffs continue to push back on criminal justice reforms

Thumbnail for the video titled "Florida sheriffs continue to push back on criminal justice reforms"

Family pleads for help on 11th day of elderly woman's disappearance

Thumbnail for the video titled "Family pleads for help on 11th day of elderly woman's disappearance"
More Local News

Trending Stories

get the app

News App

Weather App

Don't Miss

More Don't Miss