ATTOM: Refis Make Up 2/3 of 2nd Quarter Loans, Highest Level in 7 Years

ATTOM Data Solutions, Irvine, Calif., released its second-quarter U.S. Residential Property Mortgage Origination Report, showing 1.69 million refinance mortgages secured by residential properties (1 to 4 units) originated, up nearly 50 percent from the prior quarter and more than 100 percent from a year ago, to the highest level in seven years.

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.