For the 12 months ending the second quarter 2015, the report estimates the total value of applications with fraud or serious misrepresentations at $17.3 billion as compared with $19.8 billion a year ago, a decrease of 12.6 percent, according to a new report from CoreLogic, a property information company.

The analysis found that during the second quarter of 2015, approximately 12,814 mortgage applications, or 0.67 percent of all mortgage applications, contained indications of fraud, as compared with the reported 11,100 or 0.69 percent in the second quarter of 2014.

As has been the case for the past five years, the report said jumbo mortgages have exhibited the highest fraud risk, followed by low-down payment mortgages.

Susan Allen, senior vice president of Mortgage Analytics at CoreLogic new regulations and stricter credit overlays have helped curb the rate of mortgage fraud.

“In the markets where fraud remains strong, there are also significant inventories of distressed properties,” Allen said in the report. “Typically, this leads to large value discrepancies with nearby properties, which increases the risk of incorrect valuation, fraud-for-profit schemes, and occupancy fraud on properties recently converted to rentals.”