Tag Archives: Loan Defects

Despite the quarterly decline, analysts say lenders and servicers should be mindful of what is on the horizon.

The frequency of loan defects, fraud, and misrepresentation in the information submitted in mortgage loan applications remained flat in April 2018, but increased slightly over April 2017. That’s according to the latest release of the Loan Application Defect Index, published Wednesday ...

Legal, regulatory, and compliance defects dropped to a 12 month low, according to a recent report backed by Fannie Mae data.

For a while, loan defects had settled down in the mortgage industry, but they appear to be making their way back into the market due to heightened risk from government loans.