Loan Defect Index Holds Steady
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April 2019 Loan Application Defect Index.. U.S Mortgage Rates Hold Steady as Applications Jump. FX Empire. Negative Mortgages Set Another Milestone in a No-Rate World. Bloomberg.
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April 2018 Loan Application Defect Index. The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications remained the same compared with the previous month. Compared with April 2017, the Defect Index increased by 1.2 percent. The Defect Index is down 19.6 percent from the high point of.
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This month, the Loan Application Defect Index for purchase transactions continued its downward trend, declining 7.8 percent in June compared with the month before, the third consecutive month defect risk in purchase transactions has fallen. The Defect Index for refinance transactions also fell 6.5 percent compared with the previous month.
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