The fraud file.
Mortgage Fraud Risk Index for July 2016--TOP 5 MSAs Metropolitan Statistical Mortgage Fraud % Change % Change Area (MSA) Risk Index, Since Since July 2016 July 2015 June 2016 1 SAN JOSE-SUNNYVALE- 136 38.8% 0.7% SANTA CLARA, CA 2 MIAMI-FORT LAUDERDALE- 130 -8.5% 0.0% POMPANO BEACH, FL 3 EL PASO, TX 117 -7.1% 11.4% 4 NEW YORK-NEWARK-JERSEY 117 -14.0% 6.4% CITY, NY-NJ-PA 5 HOUSTON-SUGAR LAND- 116 -21.6% 4.5% BAYTOWN, TX UNITED STATES 90 -25.0% -6.3% The First American Mortgage Fraud Risk Index value is 90 for July, which is down 6.3 percent from June and down 25 percent from a year ago. The riskiest MSA in July is San Jose-Sunnyvale- Santa Clara, CA, with an index value of 136. Employment-Income Fraud Risk Index for July 2016--TOP 5 MSAs Metropolitan Statistical Employment/ % Change % Change Area (MSA) Income Fraud Since Since Risk Index, July 2015 June 2016 July 2016 1 SAN JOSE-SUNNYVALE-SANTA 96 0.0% 14.3% CLARA, CA 2 BOULDER, CO 89 -21.9% 0.0% 3 SAN FRANCISCO-OAKLAND- 86 -17.3% 8.9% FREMONT, CA 4 SANTA ROSA-PETALUMA, CA 843 -14.4% -10.8% 5 GREELEY, CO 80 -18.4% 6.7% UNITED STATES 42 -23.6% 2.4% The Employment/Income Fraud Risk Index value is 42 for July, which is up 2.4 percent from June and down 23.6 percent from a year ago. San Jose/Sunnyvale/Santa Clara, CA, is the riskiest MSA for employment/income fraud risk in July, with an index value of 96.
First American Mortgage Solutions' Fraud Risk Indexes are calculated based on the frequency with which indicators of fraudulent activity are detected in mortgage applications processed by the FraudGUARD[R] system, powered by Interthinx[R] Analytics--a loan-level fraud-detection tool available to lenders and investors. The Fraud Risk Indexes consist of the Property Valuation Fraud Risk Index; the Identity Fraud Risk Index; the Occupancy Fraud Risk Index; the Em ployment/income Fraud Risk Index; and the Overall Mortgage Fraud Risk Index (which is calculated as the average of the four type-specific indexes). All of these indexes have been calibrated so that the national indexes based on all loans in first-quarter 2012 equal 100.
For more information about First American Mortgage Solutions, visit www.firstam.com/mortgagesolutions.