CBC Cos., a provider of credit and risk management solutions based in Columbus, Ohio, has merged with DataVerify, a provider of mortgage risk assessment and fraud prevention systems based in Chesterfield, Mo.CBC said it will leverage DataVerify's fraud and data integrity analytics, rules, and scoring to help solve mortgage risk problems faced by financial markets and institutions. DataVerify's solutions automate most of the data validation steps in the lending process. According to CBC, the resulting benefits to DataVerify and CBC customers include: increased loan production and revenues; mitigation of financial and reputational risks; conformity with regulations; and lower operational costs. The companies can be found on the Web at http://www.cbcinnovis.com and http://www.dataverify.com.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18 -
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18