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Defect index down in September
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The Blotter
Monday, November 6, 2017
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First American Financial Corp. released the First American Loan Application Defect Index for September 2017, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The overall defect index was down month-over-month in a year where risk had risen, although still higher than this time last year. Read on for more details.
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