First American: Mortgage defect risk climbs 7.4% in December

First American: Mortgage defect risk climbs 7.4% in December
In December, defect risk continued to rise across the country, according to the latest First American Loan Application Defect Index. First American Chief Economist Mark Fleming attributes this to two factors: the rising share of purchase transactions and natural disasters.
Source: https://www.housingwire.com/rss