Loan Defect and Fraud Risk Declining Due to Compliance-Related Investments
By
FirstAm Editor on March 31, 2016
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. The Defect Index decreased 1.3 percent in February as compared with January and decreased by 5.1 percent as compared with February 2015. The ...
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Mortgage Defect and Fraud Risk Declining in Super Tuesday States
By
FirstAm Editor on February 3, 2016
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 index remained unchanged in January as compared with December and decreased by 5.0 percent as compared with January 2015. The Defect Index ...
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Mortgage fraud and misrepresentation risk very low in Iowa
By
FirstAm Editor on January 28, 2016
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. Overall, the index fell 2.6 percent in December as compared with November and decreased by 8.4 percent as compared with December 2014.
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Fraud and misrepresentation risk concentrating in Florida
By
FirstAm Editor on December 29, 2015
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. Overall, the index fell 1.3 percent in November as compared with October and decreased by 8.2 percent as compared with November 2014.
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Ability-to-Pay Rules Reduce Income-Related Fraud Risk
By
FirstAm Editor on November 24, 2015
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. Overall, the index fell 2.5 percent in October as compared with September and decreased by 10.2 percent as compared with October 2014.
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Loan Application Defect Index Falls 1.2 percent in September
By
FirstAm Editor on October 28, 2015
Hard to believe that we’re releasing today the fourth iteration of the monthly First American Loan Application Defect Index, which estimates the frequency of defects in the information submitted in mortgage loan applications.
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