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 Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
11h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
September 17 -
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
September 17 -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17