Hansen Quality, a division of Fidelity National Financial Inc., Jacksonville, Fla., is expanding its due diligence services to include credit and compliance reviews of mortgage loan packages.Clients will be able to outsource the loan file evaluation function to ensure that verifications, reports, and worksheets are accurate before the loans are sold into the secondary market or securitized. Speaking at a news conference at the Mortgage Bankers Association convention in San Francisco, Ernest D. Smith, president of real estate and mortgage information services for Fidelity Information Services, said the various data products the company offers make it impossible for mortgage fraud to take place. This is because it is a data exchange between one large organization, Fidelity, and another, the lender. Brian Herskowitz, president of FNF's mortgage information and services division, added that there are only a couple of players in this area and that the product takes advantage of the company's strength in credit analysis and risk analysis.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
8h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
10h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11