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Economic Center Blog

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

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

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

What’s Behind The Five-Month Trend In Loan Defect Risk?

By FirstAm Editor on May 31, 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 April 2017 as compared with the previous month, and increased 8.0 percent as compared to April 2016. The Defect Index is down 20.6 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

Does A Strong Sellers’ Market Mean Increased Loan Defect Risk?

By FirstAm Editor on April 28, 2017

We’ve posted the March 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 3.9 percent in March 2017 as compared with the previous month, and increased 3.9 percent as compared to March 2016. The Defect Index is down 22.5 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

What Is The Connection Between Higher Mortgage Rates And Defect, Fraud And Misrepresentation Risk?

By Mark Fleming on March 24, 2017

We’ve posted the February First American Loan Application Defect Index, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications.

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Topics: Loan Application Defect Index

Market Composition Shift Accelerating Loan Application Defect Risk?

By FirstAm Editor on February 24, 2017

We’ve posted the January 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 5.8 percent in January 2017 as compared with the previous month, and decreased 3.9 percent as compared to January 2016. The Defect Index is down 28.4 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

Defect Risk Rises Modestly On Shift Toward Purchase-Dominated Market

By FirstAm Editor on January 26, 2017

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 increased 1.5 percent in December 2016 as compared with November 2016 and decreased by 9.2 percent as compared to December 2015. The Defect Index is down 32.4 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

Automation Of Verification Tools To Drive Risk Improvements In 2017

By FirstAm Editor on December 28, 2016

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 remained unchanged in November as compared with October and decreased by 12.8 percent as compared to November 2015. The Defect Index is down 33.3 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index

A North-South Divide Emerges In Defect, Fraud And Misrepresentation Risk

By FirstAm Editor on November 30, 2016

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 decreased 1.4 percent in October as compared with September and decreased by 13.9 percent as compared to October 2015. The Defect Index is down 33.3 percent from the high point of risk in October 2013.

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Topics: Loan Application Defect Index