September 10, 2020
Banks filed an abnormally high number of reports of suspected business loan fraud in July, according to government data analyzed by the Project On Government Oversight […]
December 19, 2019
December 19, 2019
Loan defect risk in purchase applications stopped falling and plateaued in October, according to First American Financial Corp.’s latest report. “Defect risk for purchase transactions broke […]
September 27, 2019
Mortgage application fraud risk plummeted in the second quarter as refinance loans poured into the market, according to CoreLogic. The risk of fraud on a mortgage […]
September 26, 2019
Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI). Mortgage credit tightened despite falling interest rates and a strong uptick in […]
August 6, 2019
In the wake of Capital One Financial’s data breach, auto lenders should evaluate ways to tighten up cybersecurity and identify points of vulnerability. The breach compromised […]
July 30, 2019
The risk of mortgage application fraud fell in the second quarter of 2019 thanks to a decrease in interest rates. According to CoreLogic’s National Mortgage Application […]
June 4, 2019
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications during April decreased by 4.2% from March, according to new data […]
April 2, 2019
As the housing market becomes more competitive, homebuyers are increasingly pressured to seek out larger loans – leading some to misrepresent their income on loan applications. […]
February 5, 2019
In December, defect risk continued to rise across the country, according to the latest First American Loan Application Defect Index. According to the report, the frequency […]