Fidelity National Financial Inc., Jacksonville, Fla., has announced that its LSI Market Intelligence division is now offering a Natural Disaster Condition Report to lenders nationwide.Based on data gleaned from the company's network of nearly 30,000 real estate professionals, the inspection report provides detailed information on the condition of a specified property in the aftermath of a natural disaster, FNF said. For lenders with transactions pending mortgage funding in a disaster area, the report helps them determine the existence and condition of subject properties. "In addition to stating whether damage to specific exterior features has occurred, this report provides percentage ranges that indicate the degree of that damage and a photograph to support those findings," the company said. FNF, a provider of products and services to the financial and real estate industries, can be found online at http://www.fnf.com.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
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Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
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The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
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The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
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Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
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