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Loan application defect highlights local issues in latest Defect Index
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The Blotter
Monday, May 7, 2018
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First American Financial Corp. released the First American Loan Application Defect Index for March 2018, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The latest index highlights that property and loan characteristics play an important role in the risk of a local market. Read on for more details.
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