Analysis shows two main reasons for the fall of fraud and misrepresentation in applications as consumer buying power grows.
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Why Is Loan Application Defect Risk Rising?
A new report explores the factors driving buyers to seek qualification for larger loans, as well as what’s behind recent increases in loan app defects. Will these fluctuations stabilize soon?
Read More »Examining Connections Between Wildfires and Fraud
How do natural disasters alter the rate of defect risk? A report examines the frequency of defects, fraudulence, and misrepresentation in mortgage loan applications.
Read More »Defect Risk Simmers, Except in Hurricane-Damaged Markets
Chief Economist says the surge in defect, fraud, and misrepresentation risk in loan applications has come to a halt—except for in the areas impacted by recent natural disasters.
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