Mortgage Fraud Prevention Tool Launched
Home lenders can reduce their exposure to mortgage fraud at the point of the application with a newly launched offering.
Mortgage Risk Firm Acquired
The previously announced acquisition of a mortgage service provider that helps home lending companies manage risk is now a done deal.
OIG Says Mortgage Fraud Low Priority for DOJ
A new report indicates that the Department of Justice has been doing less to combat mortgage fraud while overstating its prosecution activity.
Conferences Address Range of Mortgage Issues
As mortgage executives prepare to attend a pair of trade shows on the West Coast next week, plans are also being made for a host of other upcoming events. The meetings focus on a range of topics including mortgage fraud, technology and government regulation.
Risk of Mortgage Fraud Declines
Lenders faced less risk of mortgage fraud during the final three months of 2013. But on multi-unit properties, borrowers were over three times more likely to lie about occupancy than on single-unit transactions.
GSEs Required to File SARs
A new requirement that Fannie Mae and Freddie Mac file suspicious activity reports is expected to help fend off mortgage fraud.
Mortgage Fraud Prevention Firm to be Acquired
A mortgage industry service provider that helps lenders identify mortgage fraud risk and prevent fraud on home loans is being acquired.
Potential Mortgage Fraud Increases Again
The likelihood of mortgage fraud on new residential loan applications during the latest quarterly period moved higher again.
Ringleader of Nigerian HELOC Scam Sentenced
In a criminal case that could be right out of a fiction novel, the ringleader of a Nigerian group that stole from U.S. home-equity lines of credit who went on the lam has finally been sentenced to prison.