Total nonfarm payroll inched up by just 12,000 in October, and the unemployment rate was unchanged at 4.1%, per the U.S. Bureau of Labor Statistics.
Tag: Mark Fleming

Housing Affordability Concerns Intensify
Reports from First American Financial Corp., Santa Ana, Calif., and ATTOM, Irvine, Calif., show rising home prices and inflation are taking a bigger bite out of housing affordability entering the new year.

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.

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.

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.