Insights

First American’s Economic Center, including Loan Application Defect Index and Future Transaction Index, provides timely, data-driven insight into today's mortgage lending industry.

First American Economic Center

The Economic Center offers perspectives and insights from First American’s Chief Economist Mark Fleming. Mark is a trusted and influential voice in the mortgage and property information business and is quoted regularly by national news outlets and industry publications.

The Economic Center covers analysis, commentary and forecasting trends in the real estate and mortgage markets as well as proprietary research, including First American’s Loan Application Defect Index and Future Transaction Index.

Loan Application Defect Index

The First American Loan Application Defect Index estimates the level of defects detected in the information submitted in mortgage loan applications processed by the First American FraudGuard® system. The index is based on the frequency with which defect indicators are identified.

Future Transaction Index

The First American Future Transaction Index (FTI) is based on a quarterly survey of title agents that do business with First American, providing a unique gauge on the real estate market from the sentiment of real estate experts. The FTI measures title agents' expectations for changes in real estate prices across multiple property types, and expectations for changes in the volume of purchase and refinance transactions.

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