In a recent blog post by CoreLogic, the real estate consultancy has determined the regions of the U. S. that have the highest correlation with the National Mortgage Fraud Risk index. The regions that are most highly correlated with fraud risk are areas that will be the best predictors of nationwide mortgage fraud. In fact, one can look at a few highly correlated regions to predict fraud risk on a national scale.
The heatmap (figure 3) shows the correlation of each region to the National Trend. Mousing over a region shows the region name, the tracking score, and the percentage level of the lowest to highest possible tracking score (-1.0 to 1.0). The heatmap has two layers (that can be toggled in the top-right menu of the map), one for state and one for CBSA. The CBSAs are limited to the top 50 CBSAs based on population.
This post was published at Zero Hedge on Aug 20, 2017.