Origination

A series of integrations to third-party data and analytics providers is beefing up CoreLogic’s LoanSafe Fraud Manager, the mortgage fraud detection technology that the Santa Ana-based firm said uses pattern recognition to provide business intelligence into lenders’ risk levels.

Mortgage, housing, and even local politicians are stepping up pressure on congressional appropriators to extend the maximum $729,750 loan limit on government-backed loans for another year, fearing that a failure to act will damage already stressed real estate markets.

The PMI Group believes an incentive program designed to offer underwater borrowers cash in exchange for keeping current with their mortgage payments will go a long way to help offset the decline in loan values and by extension, stabilize communities.

Total Mortgage Services, a nonbank mortgage lender based in Milford, Conn., on Monday said it plans to hire 50 new loan officers as it expands its retail presence in the U.S.

For various reasons, financial services firms are being seen as laggards when it comes to the adoption of social media marketing practices.

The Florida Association of Mortgage Professionals has voted to reaffiliate with the National Association of Mortgage Brokers.

Improving the back office during these still-challenging fiscal times for lenders is not easy, but some things that might help avoid them process loans more efficiently include a more proactive front-end approach, more standardized training or best practices, and prioritization.

Some federally-regulated depositories are in danger of missing a July 29 deadline to be registered in the National Mortgage License System and Registry, exposing themselves to possible sanctions from regulators.

The announcement by Genworth Financial that it recently strengthened reserves at its U.S. mortgage insurance unit by $300 million "provides another reminder that the debate over ultimate reserve levels at MI companies is far from over," according to a new report from FBR Capital Markets.

Fitch Ratings late Thursday provided an unsolicited preliminary assessment of a City Center Trust 2011-CCHP CMBS deal that differs in terms of investment grade ratings assigned to the most junior class of the transaction.