Loan Application Defect and Fraud Risk Declines Due to Increased Demand for FHA Purchase Loans
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FirstAm Editor on September 30, 2016
We’ve posted the August 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 August as compared with July and decreased by 14.6 percent as compared with August 2015. The Defect ...
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Refinance Boom and Compliant Loan Production Processes Keeping Loan Defect Rate at Low Point
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FirstAm Editor on August 31, 2016
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 decreased 2.8 percent in July as compared with June and decreased 16.7 percent as compared with July 2015. The Defect Index is ...
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Loan Application Defect and Fraud Risk Declined Due to Benefits of Low Mortgage Rates
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FirstAm Editor on July 29, 2016
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 decreased 1.4 percent in June as compared with May and decreased by 12.2 percent as compared with June 2015. The Defect Index is ...
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Loan Application Defect and Fraud Risk Reaches Historically Measured Low Point
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FirstAm Editor on June 30, 2016
We’ve posted the May 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 2.7 percent in May as compared with April and decreased by 9.9 percent as compared with May 2015. The Defect Index is ...
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Economic Turnaround in Detroit is Fast Improving its Defect Risk Profile
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FirstAm Editor on May 26, 2016
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 decreased 1.3 percent in April as compared with March and decreased by 5.1 percent as compared with April 2015. The Defect ...
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Loan Defect and Fraud Risk Emerging in Southern States
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FirstAm Editor on April 28, 2016
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 1.3 percent in March as compared with February and decreased by 2.6 percent as compared with March 2015. The Defect ...
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