Storms drive loan application defect rise in Texas and Florida

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July’s Loan Application Defect Index showed that loan application defects are down 5.6% from the same time last year, but overall, the frequency of loan application defects is on the rise in 2015.

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FORT MYERS, Fla. – Today, Governor Rick Scott activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by Hurricane Irma. The bridge loan program.

The bridge loan program, managed by the Florida Department of Economic Opportunity (DEO), will provide short-term, interest-free loans to small businesses that experienced physical or economic damage during the storm. The application period is from today through Oct. 31, 2017.

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First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the First American Loan Application Defect Index for August 2019, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications.

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Gov. Scott Activates Emergency Bridge Loan Program for Small Businesses Affected by Tampa Area Flooding TALLAHASSEE, Fla. – In an effort to help businesses and families recover from the severe storms and flooding in the Tampa area, Governor Rick Scott activated Florida’s Small Business Emergency Bridge Loan Program.

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Hurricanes continue to disrupt housing market. Although mortgage lending grew less risking in September for the first time in 2017, disaster areas in Texas and Florida saw an increase in risk, according to the Loan Application Defect Index from First American Financial, a provider of title insurance, settlement services.