Defect, Fraud and Misrepresentation Risk Heats Up to Levels Not Seen Since 2015, According to First American Loan Application Defect Index

SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the First American Loan Application Defect Index for May 2017, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The Defect Index reflects estimated mortgage loan defect rates over time, by geograp
Source: BusinessWire-Construction

Defect, Fraud and Misrepresentation Risk Heats Up to Levels Not Seen Since 2015, According to First American Loan Application Defect Index