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. Read More

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 ... Read More

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 ... Read More

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 ... Read More

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 ... Read More

Loan Application Defect Index

Millennial First-Time Homebuyer Demand Does Not Increase Defect, Fraud and Misrepresentation Risk

By FirstAm Editor on October 31, 2016
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 1.4 percent in September as compared with August and decreased by 14.8 percent as compared to September 2015. The ... Read More

Loan Application Defect Index