Tax Index
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Mortgage Lending News Click to continue . . .
• Interthinx`s FraudGUARD update stamps out occupancy fraud
Interthinx has enhanced its flagship FraudGUARD product with new variances to help detect occupancy issues related to mortgage fraud. The changes come in response to a disturbing trend the company uncovered in its quarterly fraud risk reports. Occupancy fraud showed a slight quarter-over-quarter increase in the third-quarter 2009 report, which alerted the Interthinx product team to study issues including occupancy fraud, buy and bail schemes, straw buyers, risks associated with delinquency/default, and risks associated with increased home value.
NationalMortgageProfessional.com,NMP Media Services, 03/10/2010
• Credit Outlook Remains Negative for Most U.S. Banks: Fitch
Fitch Ratings warned Tuesday that the still-weak financial fundamentals of the nation's lenders have cemented its rating outlook for the U.S. banking sector as negative.
The New York-based agency did note, though, that many of the factors that have been putting downward pressure on banks' ratings, including lending and liquidity, are easing. However, commercial real estate exposure, particularly for regional banks, as well as consumer mortgages are expected to weigh heavy on lenders' earnings into 2011.
DSNews.com,Admin, 03/10/2010
• Exclusive Electronic Signature Service Available for Realtors
On Wednesday, the National Association of Realtors (NAR) and DocuSign, a provider of on-demand electronic signature solutions, unveiled the DocuSign Realtor Edition, an exclusive online eSignature service designed specifically for Realtors. The new Realtor Edition allows NAR members to electronically sign agreements with buyers and sellers, which saves Realtors time and provides client convenience.
DSNews.com,Admin, 03/10/2010
• Continental REO Adds New Sales Manager
Nick Steiner has joined Continental REO Services, Inc. as the company's sales and marketing manager. He brings to the position more than nine years of experience managing major accounts throughout the country, including working with Fortune 100 companies.
DSNews.com,Admin, 03/10/2010
• Nevada Foreclosure Mediation Program to Undergo Rule Changes
At a public hearing scheduled for Tuesday, March 16, 2010, the Nevada Supreme Court will consider amendments to the rules governing the state's Foreclosure Mediation Program (FMP). If the amendments are approved, this will be the third set of rule changes since the FMP was enacted on July 1, 2009.
DSNews.com,Admin, 03/10/2010
• Fairway Mortgage Reports Big Gains in New England Buying Activity
Fairway Independent Mortgage Corporation reported this week that it more than doubled its mortgage sales in New England in 2009. Mortgage loan volume for the company's New England offices grew from $295 million in 2008 to $720 million in 2009 - a 244 percent increase.
DSNews.com,Admin, 03/10/2010
