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.

Policy And Fintech Innovations Protect Against Fraud Risk In The Uncertain Days Ahead

By Mark Fleming on March 30, 2020

A historical view of overall defect risk, as measured by our Loan Application Defect Index, shows a long-run downward trend since we began tracking defect risk in ... Read More›

Fraud Loan Application Defect Index

Mini Refinance Boom Drives Fraud Risk To New Low

By Mark Fleming on February 28, 2020

Overall defect risk, as measured by our Loan Application Defect Index, has largely trended down since early 2019 with a few exceptions. In January 2020, this long-run trend continued as overall defect risk r... Read More›

Fraud Loan Application Defect Index

Why The Pace Of Fraud Risk Decline Slowed In December

By Mark Fleming on January 30, 2020

For the majority of 2019, overall fraud risk steadily declined, largely due to the rising volume of lower risk refinance transactions driven by low mortgage rates. After falling since March, overall defect risk stabilize... Read More›

Fraud Loan Application Defect Index

Why Did Defect Risk For Purchase Transactions Rise For The First Time Since March?

By Mark Fleming on December 27, 2019

As we predicted la... Read More›

Fraud Loan Application Defect Index

Has Defect Risk For Purchase Transactions Reached A Turning Point?

By Mark Fleming on November 27, 2019

Based on our analysis, if mortgage rates continue to fall, the pressure on fraud risk may weaken. This has played out throughout most of 2019, as the 30-year, fixed mortgage rate has been falling since December 2018, and... Read More›

Fraud Loan Application Defect Index

Why Has Defect Risk Reached A Multi-year Low Point?

By Mark Fleming on October 31, 2019

Declining for the sixth consecutive month, the Loan Application Defect Index for purchase transactions fell 2.6 percent in September... Read More›

Fraud Loan Application Defect Index