Fidelity National Information Services' Hansen Quality, a division of Fidelity National Financial Inc. based in Jacksonville, Fla., has launched HQ FraudID report, an automated fraud screening tool with a focus on identity fraud.HQ FraudID report searches over 70 potential risk indicators to determine the level of risk associated with each potential borrower. This includes multiple verifications of the borrower's name, address, Social Security number, and phone number, as well as other pertinent information. The results of the verifications are summarized and assigned an Identity Fraud Score, which indicates the severity of risk factors detected for identity theft, intentional misrepresentation, fraud, or elevated credit risks. The Fidelity family of companies can be found on the Web at http://www.fnf.com.
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The RMBS notes benefit from geographic diversity and credit enhancement.
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A Consumer Financial Protection Bureau "waives any alleged noncompliance" by the mortgage company while continuing to dole out redress to borrowers.
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Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
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The chairman and regulator of Fannie Mae and Freddie Mac pointed to Jermone Powell's recent testimony about renovations to the Federal Reserve's headquarters.
July 2 -
It's a rare theft of trade secrets complaint by the industry leader, which stayed out of the spate of litigation between competitors during the refinance boom.
July 2 -
Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to service members who were illegally charged surprise overdraft fees when their accounts had sufficient funds.
July 2