Fraud risk on purchase mortgages climbs for the first time since March

Dec 30, 2019 | syndicator

For the first time since March, First American’s Loan Application Defect Index indicates the nation’s mortgage defect risk increased, but only for purchase mortgages. According to the company, the Defect Index for purchase transactions increased by 2.7% in November compared with October, while the Defect Index for refinance transactions fell by 1.6%. Although it should be noted, […more]