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Tag Archives: Fraud

Risks of Mortgage Loan Defects Dropping

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 ...

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Wire Fraud’s Impact on Homebuyers

With instances of real estate wire fraud more than doubling year-over-year, the Coalition to Stop Real Estate Wire Fraud discussed how education is key to preventing becoming a victim.

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Analyzing Defect Risk Across the Nation

First American Financial Corporation reports that May saw a decline of 5.5% in the frequency of defects, fraud, and misrepresentation of information included in mortgage loan applications in ...

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A Storm of Defects

A new report points to a rising risk of defects in mortgage loan applications. Is the trend here to stay?

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How Florence May Impact Mortgage App Defects

Whenever a disaster hits, mortgage fraud, defects, and misrepresentation always go up as some try to take advantage of the situation. How might the mortgage application defect rate be impacted following Hurricane Florence?

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Risk of Loan App Defects Decline

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.

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