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Economic Center Blog

FirstAm Editor

Recent Posts

Do Rising Rates Mean Rising Defect Risk?

By FirstAm Editor on February 1, 2018

We’ve posted the December First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index remains the same as compared with the previous month, and increased 20.3 percent as compared with December 2016. The Defect Index is down 18.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

Where Is Defect Risk ‘Naughty’ Or ‘Nice’?

By FirstAm Editor on December 28, 2017

We’ve posted the November First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index remains the same as compared with the previous month, and increased 22.1 percent as compared with November 2016. The Defect Index is down 18.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

The Drag On Affordability Explained

By FirstAm Editor on December 21, 2017

First American’s proprietary Real House Price Index (RHPI) looks at October 2017 data and includes analysis from First American Chief Economist Mark Fleming on the market forces that are keeping a lid on affordability.

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Topics: Interest Rates, Homeownership, Real House Price Index, income, affordability

Outlook For Real Estate Rises Despite Supply Constraints

By FirstAm Editor on December 12, 2017

We invite you to browse the fourth quarter 2017 First American Real Estate Sentiment Index, which is based on a quarterly survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of real estate experts.

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Topics: Homeownership, Real Estate Sentiment Index

Loan Defect Risk Stabilizes Nationally, But Surges In Florida And Texas

By FirstAm Editor on November 30, 2017

We’ve posted the October First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index remains the same as compared with the previous month, and increased 22.1 percent as compared with October 2016. The Defect Index is down 18.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

What’s Behind September’s Surprise Increase In Affordability?

By FirstAm Editor on November 27, 2017

First American’s proprietary Real House Price Index (RHPI) looks at September 2017 data and includes analysis from First American Chief Economist Mark Fleming on the market forces that sparked a surprising increase in affordability in September.

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Topics: Interest Rates, Homeownership, Real House Price Index, income, affordability

Will Post-Disaster Mortgage Fraud Risk Trends Play Out In Florida And Texas?

By FirstAm Editor on October 31, 2017

We’ve posted the September First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index decreased 1.2 percent as compared with the previous month, and increased 20.3 percent as compared to September 2016. The Defect Index is down 18.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

Will August Uptick In Affordability Continue?

By FirstAm Editor on October 30, 2017

First American’s proprietary Real House Price Index (RHPI) looks at August 2017 data and includes analysis from First American Chief Economist Mark Fleming on what’s behind the surprising increase in affordability in August and whether or not that trend will continue.

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Topics: Interest Rates, Homeownership, Real House Price Index, income, affordability

What Is Elevating Identity- And Collateral-Based Fraud Risk?

By FirstAm Editor on September 29, 2017

We’ve posted the August First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index remained the same in August 2017 as compared with the previous month, and increased 20.0 percent as compared to August 2016. The Defect Index is down 17.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

Supply Squeeze Tightens Grip On Affordability In July

By FirstAm Editor on September 26, 2017

First American’s proprietary Real House Price Index (RHPI) looks at July 2017 data and includes analysis from First American Chief Economist Mark Fleming on the supply constraints impacting the housing market.

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Topics: Interest Rates, Homeownership, Real House Price Index, income, affordability