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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Rising Rates Might Lead to Increase in Defect Risk
Mortgage rates are rising and are likely to influence the risk of defect, fraud, and misrepresentation in mortgage loan application according to the First American Loan Application Index ...
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