Mortgage Banker on Trial for $30 Million in Fraud
A federal prosecutor delivered his opening statement to a New York jury in a criminal case alleging $30 million in secondary and mortgage fraud.
UCDP Update Enables Appraisal Sharing
Changes to the data portal used by Fannie Mae and Freddie Mac will enable the sharing of appraisal reports among aggregators.
AMCs Enhance Appraisal Services
Several appraisal management companies have announced enhancements and integrations intended to help home lenders improve compliance and cut costs.
Appraisal Fraud Warning on Reverse Mortgages
A warning has been issued about the use of fraudulent appraisals on the refinance of government-insured reverse mortgages.
Appraisal Fees Lead to Multi-State Settlement
Prospect Mortgage LLC has agreed to a settlement with state mortgage regulators. At issue are fees charged to borrowers by an appraisal affiliate.
Mixed Response to Appraiser ID Badges
A relatively new service that provides appraisers with identification badges has not yet been widely adopted by the appraisal industry.
Appraisals Adjustments Hurt Home Sales Transactions
Subjective adjustments to the estimated value of a home by appraisers can be substantial and get in the way of a loan closing.
New UCDP Function Enables Appraisal Sharing
An update to the Uniform Collateral Data Port will enable appraisals to be shared among correspondent lenders and aggregators.
Lending Practices, Tech Helped Cut Mortgage Risk
Many of the lending practices that helped bring down the mortgage industry have been reformed thanks to home lenders, government and technology.
4th Fastest Growing Mortgage Firm Earns $500 Mil
While there were no mortgage-related companies among the nation's 100 fastest-growing private firms, there was a quartet that ranked among the top 1,000 -- one with revenues exceeding a half billion dollars.