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Risk of Mortgage Defect, Fraud, and Misrepresentation Continues to Decline

According to First American’s newest Loan Application Defect Index, the risk of defect, fraud, and misrepresentation in mortgage loans is dropping across the country, and some markets are seeing extremely low levels of risk. Mortgage Trends The overall frequency rate of fraudulence, misrepresentation, and defects within information submitted in mortgage …

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