Economist Credits Digital Mortgages For Drop in Loan Fraud
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Economist Credits Digital Mortgages For Drop in Loan Fraud

While purchase mortgages account for a growing share of overall volume, industry-wide investments in more automated and efficient underwriting processes have helped lower instances of fraud. The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage applications for purchase loans decreased 7.8% year-over-year and 4.6% month-over-month in May, according to First American...

Buying A House? New Forecast Shows Now’s The Time To Act
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Buying A House? New Forecast Shows Now’s The Time To Act

  The Clock is Ticking When it comes to buying a house, time is of the essence – at least according to Freddie Mac’s latest forecast. The GSE expects mortgage rates to jump nearly a half-percent by the end of 2019. Rising Rates Will Only Get Worse Mortgage rates may have risen slightly over the...