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.

What Drives Increases In Income-related Loan Application Defects?

By Mark Fleming on March 29, 2019

Throughout much of 2018, home prices were high, demand was rising and bidding wars were the new normal. As a result of the competitive market, buyers were under more pressure to seek qualification for larger loans. Fraud... Read More›

Fraud Loan Application Defect Index

Why Is Loan Application Fraud Risk Accelerating?

By Mark Fleming on February 28, 2019

The Loan Application Defect Index for purchase transactions continued its upward trend, increasing 5.6 percent in January compared... Read More›

Loan Application Defect Index

Will Loan Application Defect Risk Stabilize In 2019?

By Mark Fleming on January 30, 2019

In December 2018, the Loan Application Defect Index for purchase transactions continued its string of month-over-month increases, r... Read More›

Fraud Loan Application Defect Index

Defect Risk Jumps Nationally, Partially Influenced By Rising Defect Risk In California Wildfire Areas

By Mark Fleming on December 26, 2018

In November, the Loan Application Defect Index for purchase transactions continued its string of month-over-month increases, rising... Read More›

Fraud Loan Application Defect Index

Defect Risk Declines Nationally, But Future Increases Possible For Regions Impacted By Natural Disasters

By Mark Fleming on December 3, 2018

For the second month in a row, the Loan Application Defect Index for purchase transactions increased in October compared with the p... Read More›

Fraud Loan Application Defect Index

What Can Hurricane Irma Teach Us About Defect Risk Trends Following Hurricanes Florence And Michael?

By Mark Fleming on October 26, 2018

For the first time in eight months, the Loan Application Defect Index for purchase transactions increased compared with the... Read More›

Fraud Loan Application Defect Index