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Mortgage Fraudsters Ease Up in Q2

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As interest rates continue to lower and home values rise, mortgage fraud application risk has fallen 8.9 percent from the second quarter of 2014 to the second quarter of 2015, according to CoreLogic's October 2015 Mortgage Fraud Report. The Mortgage Application Fraud Risk Index showed that approximately 12,814 of mortgage applications, or 0.67 percent, contained fraud in the second quarter of 2015.

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U.S. Home Prices Closer to Pre-Crisis Peak

Black Knight Financial Services' Data and Analytics division released its June 2015 Home Price Index report, finding that U.S. home prices were up 0.9 percent for the month, and have gained 5.1 percent year-over-year.

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RoundPoint’s Rating Outlooks Revised from ‘Stable’ to ‘Negative’

Fitch Ratings confirmed that borrower-focused company, RoundPoint Mortgage Servicing Corporation's residential mortgage servicer ratings have been adjusted. Fitch determined that RoundPoint's U.S. residential primary servicer rating for subprime product is 'RPS3+' and the U.S. residential special servicer rating is 'RSS3+'. In addition, the rating outlooks have been revised to 'negative' from 'stable.'

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