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Fraud risk down, correlated to national disasters
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The Blotter
Monday, December 4, 2017
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First American Financial Corporation released the First American Loan Application Defect Index for October 2017, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The company’s chief economist said that while the overall index is down, the increases that are seen are in areas hit by natural disasters this year. Read on for more details.
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