Economic Center Blog
Welcome to the First American Economic Center Blog, a top source for the latest housing market research and analysis driven by Chief Economist Mark Fleming.

How 2019 Became The Year Of Declining Fraud Risk

By Mark Fleming on September 26, 2019

Declining for the fifth consecutive month, the Loan Application Defect Index for purchase transactions continued its downward trend, falling 3.8 perce... Read More›

Fraud Loan Application Defect Index

What Does The Refinance Boom Mean For Fraud Risk?

By Mark Fleming on August 29, 2019

The Loan Application Defect Index for purchase transactions continued its downward trend, declining 3.6 percent in July compared with June, the fourth... Read More›

Fraud Loan Application Defect Index

Why Florida Cities Suddenly Lead The Charge In Declining Fraud Risk

By Mark Fleming on July 31, 2019

This month, the Loan Application Defect Index for purchase transactions continued its downward trend, declining 7.8... Read More›

Fraud Loan Application Defect Index

What’s Behind The Two-month Decline In Fraud Risk?

By Mark Fleming on June 28, 2019

Last month, we predicted that if mortgage rates continued to fall, it may help ease the pressure on fraud risk. Indeed, the 30-year, fixed-rate mortgage fell to its lowest level since January 2018, and fraud risk has fal... Read More›

Fraud Loan Application Defect Index

How Lower Mortgage Rates Helped Reduce Defect Risk For The First Time In Eight Months

By Mark Fleming on May 31, 2019

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications declined 4.2 percent compared to last month. Notably, this marks the first month-over-month decline s... Read More›

Fraud Loan Application Defect Index

The Two Competing Forces Impacting Fraud Risk

By Mark Fleming on April 30, 2019

Loan application defect risk for purchase transactions continued its upward trend in March, increasing 1.0 percent month-over-month, according to the Read More›

Fraud Loan Application Defect Index