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Risk index reveals decrease, north/south divide
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The Blotter
Monday, December 5, 2016
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First American Financial Corp. released the First American Loan Application Defect Index for October 2016, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. The index revealed the defect index decreased in October 2016, but also noted a divide between northern and southern state’s indexes.
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