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.
Tag: Mark Fleming
Sun Belt Cities Lead Annual Home Price Gains
Home prices continued to post modest gains in September, according to the Standard & Poor’s CoreLogic Case-Shiller Indices.
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.
First American: Mortgage Fraud Risk at Three-Year Low
First American Financial Corp., Santa Ana, Calif., said frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications fell for the sixth consecutive month in September to its lowest level since December 2016.