A colleague and I are working with a scale that, according to EFA, clearly has 20 items and only two factors (10 items per factor - with nice high loadings; the items' extracted communalities are high, also).
When we use CFA with a fresh sample (N = 360), the SRMR is good (< .05) but some of our goodness-of-fit indices (normed chi-square, CFI, and TLI) are barely satisfactory and the RMSEA is quite unsatisfactory (.96).
I wonder whether that's because we have so few factors (only the two) and 10 items on each. When I see other, successful, CFAs, they usually have more than two factors and fewer than 10 (sometimes as few as only three or four) items for each factor.
I haven't seen anything in the literature that gives me information about the "phenomenon" I'm raising - i.e, an interaction between factor and item numbers that influences model fit - particularly when the former are low and the latter are high. The authoritative sources I read seem to be based on simulated data that deal with only one parameter (either number of factors or number of items) at a time.
I'd like to hear about the experiences of other researchers with "real life" data concerning the issue I have raised here. In essence, can others get good model fit with only a couple of factors and a large(ish) number of items?