In a move to enable affiliated credit reporting agencies to help borrowers raise their credit scores, Credit Systems Design has announced that it will make the credit analysis system Deal Maker Score available to its broad base of credit reporting company clients.The announcement came at the National Association of Mortgage Brokers annual conference in Seattle. CSD's affiliated credit reporting agencies service the mortgage industry's lenders and brokers on CSD's UltraAMPS mortgage processing system. By providing access to Deal Maker Score, CSD said it is making it easy for mortgage originators to show borrowers how they can raise their credit scores to a target score. CSD, which provides the technology that enables credit reporting companies to deliver merged credit reports to their clients, can be found online at http://www.creditsystemsdesign.com.
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Zombie properties rose quarter over quarter in 38 states and the District of Columbia, according to Attom's latest Vacant Property and Foreclosure Report.
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The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures.
May 20 -
Delinquencies among recent FHA originations are showing up alongside a notable volume of subordinate liens carried by the borrowers.
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The share of sellers dropping their asking price fell in April as buyer demand picked up, though Sun Belt markets — especially in Texas — still saw widespread price cuts.
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The real estate investment trust, while reporting a first quarter net loss, benefitted from growth and stable margins in its three mortgage production units.
May 20 -
The co-author of the landmark Dodd-Frank Act and progressive congressional trailblazer Rep. Barney Frank, D-Mass., has died.
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