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Economic Center Blog

FirstAm Editor

Recent Posts

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

Outlook For Real Estate Falls In Third Quarter Amid Rate Uncertainty

By FirstAm Editor on September 12, 2017

We invite you to browse the third 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

Will The Fed’s Actions In September Increase Loan Defect Risk?

By FirstAm Editor on August 31, 2017

We’ve posted the July 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 July 2017 as compared with the previous month, and increased 20.0 percent as compared to July 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

The Fundamental Underlying Issue In The Housing Market

By FirstAm Editor on August 28, 2017

First American’s proprietary Real House Price Index (RHPI) looks at June 2017 data and includes analysis from First American Chief Economist Mark Fleming on the prevailing issue facing today’s housing market.

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

Streak Of Consecutive Months With Rising Loan Application Defect Risk Reaches Seven

By FirstAm Editor on July 31, 2017

We’ve posted the June 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 increased 1.2 percent in June 2017 as compared with the previous month, and increased 16.7 percent as compared to June 2016. The Defect Index is down 17.6 percent from the high point of risk in October 2013.

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Topics: Housing, Home Sales, Fraud, Mortgages, Loan Application Defect Index

What Caused Real House Price Growth To Cool In May?

By FirstAm Editor on July 24, 2017

First American’s proprietary Real House Price Index (RHPI) looks at May 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of wages and lower interest rates on consumer house-buying power – a brief reprieve from rising real house prices.

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Topics: Interest Rates, Real House Price Index, income

Which Markets Are Wilting Under A Loan Defect Risk ‘Heat Wave’?

By FirstAm Editor on June 28, 2017

We’ve posted the April 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 increased 2.5 percent in May 2017 as compared with the previous month, and increased 13.7 percent as compared to May 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