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. […]
March 5, 2019
March 5, 2019
In January, declining mortgage rates mixed with higher loan applications led to more risk of fraud and other errors in the home loan applications, according to […]
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 […]
October 11, 2018
Mortgage application defect risk is down from a year ago, but Hurricane Florence will likely tear through results in affected areas in the coming months. The […]
September 18, 2018
September 18, 2018
Mortgage fraud risk has hit its highest level in seven years, according to new data from CoreLogic. The report shows a 12.4% year-over-year increase in fraud […]
June 7, 2018
June 7, 2018
The ability-to-repay (ATR) standard is responsible for the reduction in loan application defects over the past four years, according to First American Financial Corp. For April, […]
July 12, 2017
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased in May to levels not seen since 2015, according to First […]