{"id":5698,"date":"2013-11-25T14:11:00","date_gmt":"2013-11-25T14:11:00","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=5698"},"modified":"2013-11-25T14:11:00","modified_gmt":"2013-11-25T14:11:00","slug":"fears-brew-mortgage-fraud-jumbo-loans","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/fears-brew-mortgage-fraud-jumbo-loans\/","title":{"rendered":"Fears Brew Over Mortgage Fraud in Jumbo Loans"},"content":{"rendered":"

Fears Brew Over Mortgage Fraud in Jumbo Loans<\/h2>\n

 <\/p>\n

\"Fears<\/a>

Fears Brew Over Mortgage Fraud in Jumbo Loans. Image courtesy of hyena reality \/ FreeDigitalPhotos.net<\/p><\/div>\n

The growing popularity of jumbo loans is increasing the potential for mortgage fraud with these high-priced loans, according to Interthinx in its latest mortgage fraud risk report.<\/p>\n

In recent months, jumbo rates, in some cases, have been lower than conforming rates<\/a>, leading to them grow in popularity.<\/p>\n

“With the rise in popularity of jumbo loans, lenders must be aware of both the credit risk and fraud risk those loans carry,” says Ashley Woodworth, Interthinx vice president of business development and corporate strategy.<\/p>\n

“While the most significant fraud risk gap occurred in the area of employment\/income, it certainly wasn\u2019t the only area where risk was present. Occupancy fraud risk for jumbos, for example, was extremely high \u2014 more than 200 by our index versus 150 for non-jumbo loans. The risk is out there, and lenders need to be aware.\u201d<\/p>\n

Interthinx notes that the states most at risk for mortgage fraud are: California, Washington, D.C., Delaware, Montana, Hawaii, Florida, Alaska, Utah, Connecticut, and Nevada.<\/p>\n

\u201cAs we predicted last quarter, the shift toward a purchase-driven mortgage market increases the risk of fraud,\u201d says Jeff Moyer, president of Interthinx. \u201cOur goal in issuing this report is to make lenders aware of the fraud risk trends we\u2019ve observed in the market so that they can remain vigilant in preventing those trends from becoming widespread issues within their own organizations.”<\/p>\n

Source: \u201cMortgage fraud risk rises as jumbos attract more attention<\/a>,\u201d HousingWire (Nov. 20, 2013)<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Fears Brew Over Mortgage Fraud in Jumbo Loans   The growing popularity of jumbo loans is increasing the potential for mortgage fraud with these high-priced loans, according to Interthinx in its latest mortgage fraud risk report. In recent months, jumbo rates, in some cases, have been lower than conforming rates, leading to them grow in … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-5698","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nFears Brew Over Mortgage Fraud in Jumbo Loans - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/fears-brew-mortgage-fraud-jumbo-loans\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Fears Brew Over Mortgage Fraud in Jumbo Loans\",\"datePublished\":\"2013-11-25T14:11:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/\"},\"wordCount\":277,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/11\\\/ID-100204126.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/\",\"name\":\"Fears Brew Over Mortgage Fraud in Jumbo Loans - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/#primaryimage\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/11\\\/ID-100204126.jpg\",\"datePublished\":\"2013-11-25T14:11:00+00:00\",\"breadcrumb\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fears-brew-mortgage-fraud-jumbo-loans\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/11\\\/ID-100204126.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/11\\\/ID-100204126.jpg\",\"width\":400,\"height\":320,\"caption\":\"Fears Brew Over Mortgage Fraud in Jumbo Loans. 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