Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Fraud Risk Report Shows Slight Drop”

Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Fraud Risk Report Shows Slight Drop”

 

 

Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Fraud Risk Report Shows Slight Drop”

FundingShield, Newport Beach, Calif., found that during the third quarter, 46.43% of transactions on an $82 billion portfolio of residential, commercial and business purpose loans had issues leading to a risk of wire and title fraud.

While that’s still nearing half of all transactions, it is a slight dip both from Q2 (47.08%) and Q3 2023 (49.2%).

Click this link for the full article from MBA NewLink
Full article