Hi Scott,
Thanks for the quick Response.
But this was not existing behavior before we installed CFP14 pack.

When we had CFP10 , For one of the fields in dialog , i have configured value property to some default text, Whenever i open existing component and submit the dialog by giving empty space in that corresponding field and i open the dialog, default value will be auto populated.
After installing cfp14 , default value is not populating on submitting that field with empty space.Can you please test by adding value property and check again if default value populates in case if u submit dialog with empty field