The good news is that the Deltona-Daytona Beach-Ormond Beach Core Based Statistical Area (CBSA), which includes all of Volusia and Flagler Counties was ranked 3rd in the previous quarterly ranking.
PALM COAST, FL – July 22, 2016 – First, the bad news. A recently published Q2 report listing the top 15 U.S. Mortgage Application Fraud Risk metros includes nine Florida metros. The Volusia-Flagler metro ranks sixth on the national list. The good news; while the same Florida metros were on the Q1 top 15 list, Volusia-Flagler was third, having improved 13% quarter-to-quarter.
CoreLogic has published its Mortgage Application Fraud Risk Index Report since Q3 2010. The base index is 100. The national report ranks Core Based Statistical Areas (CBSA) in the U.S., including Deltona-Daytona Beach-Ormond Beach, FL. Which includes all of Volusia and Flagler Counties.
CoreLogic derives the Mortgage Application Fraud Risk Index by examining a range of factors associated with mortgage applications during each quarter. Among these factors are the Loan to Value (LTV) ratio and the volume of Jumbo Purchase loans.
Florida Metro Application Fraud Risk Ranking
|Metro||Q2 Score||Q2 Rank||Q1 Score||Q1 Rank||% Change|
|Miami-Fort Lauderdale-West Palm Beach||278||1||286||1||-3%|
|Cape Coral-Fort Myers||161||12||152||14||+5%|