Tag Archives: Defect

“With 1.3 million loans still in active forbearance along with the renewed focus on servicing from the CFPB and other regulators, servicers and lenders alike must be diligent in their compliance practices,” said Nick Volpe, ACES EVP.

First American Financial Corporation reported that the frequency of defects, fraud, and misrepresentation in mortgage loan applications fell 7% month-over-month in June.  June’s report represents a 3.9% year-over-year ...

The frequency of defects, fraudulence and misrepresentation in loan applications fell again this month, due in part to advancements in fintech. See how much of an impact financial technology has made to defect risk.

A recent report has found substantial differences in loan application defect risks across different regions. Click through to learn more about the conditions that can impact this risk.

Since the mortgage domain—and the nation—went into a tailspin a decade ago and tons of borrowers lost their homes, adjustable-rate mortgages (ARMs) have got a bad rap. Sordid ...

The frequency of defect, fraud, and misrepresentation in information submitted during the mortgage application process has increased over the past year according to the First American Loan Application Defect ...

Economist says that decrease in loan applications for refinancing is partly responsible for the increase in loan application defects.