Mortgage Asset Research Institute Inc., Reston, Va., has introduced an early-alert system to help the industry detect and combat fraud.The Mortgage Fraud Alert System is "a cooperative service that notifies participating companies about emerging patterns of alleged fraud in its early stages," MARI said. The companies contribute information to the system and can use the shared data to help mitigate potential risk and minimize their exposure. The company said it worked closely with the Mortgage Bankers Association to create the alert system. MARI is a subsidiary of ChoicePoint, a provider of identification and credential verification services. It can be found online at http://www.mari-inc.com.
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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.
4h 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.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
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The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
10h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
10h ago -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
10h ago