Millennial Homeownership ‘Delayed, Not Denied’

Despite the economic effects of the coronavirus pandemic, millennials appear poised to fuel a “Roaring ’20s” of homeownership demand, said First American Financial Corp., Santa Ana, Calif.

First American: Fraud Risk Continues to Drop

Today’s housing market benefits from new technology and policy guardrails against fraud and defect risk, innovations that will serve the industry well in the uncertain days ahead, said Mark Fleming, Chief Economist with First American Financial Corp. Santa Ana, Calif.

S&P: Home Price Growth Stable in Early 2020

S&P Dow Jones Indices, New York, said home prices continue to increase at a modest rate across the U.S. to start the first quarter.

Mortgage Fraud Risk Falls to New Low

First American Financial Corp., Santa Ana, Calif., said frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 3.0 percent from December to the lowest level since the company began tracking such data in 2011.

First American: December Fraud Risk Slows

First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index, which stabilized in November, fell again in December.

‘Sudden Uptick’ in Fraud Risk Raises Eyebrows

First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index showed a jump in mortgage fraud risk for purchase transactions, the first such increase since last March.

October Housing Starts: Slow and Steady Wins the Month

October housing starts rose by nearly 4 percent, HUD and the Census Bureau reported yesterday, a welcome signal that momentum appears to be rising among home buyers and home builders.