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.
Washington Appraiser Recognized Nationally
A real estate appraiser has been recognized by a national appraisal association for his ethics and contributions to the industry and community.
AMCs Enhance Offerings
Several appraisal management companies have integrated new technology into their platforms in an effort to improve services to lenders. Meanwhile, appraisers and valuation firms are meeting in North Texas.
Risk of Occupancy, Valuation Fraud Still a Problem
The risk of overall mortgage fraud retreated last year. Still, the risk of occupancy and valuation fraud remains elevated.
Guidelines Eased at Genworth
Genworth Mortgage Insurance has lowered credit score requirements, increased debt-to-income ratios and expanded its jumbo limits. Appraisal requirements have been eased.
Appraisal Services Target FHA EAD, AMC Utilization
A new service is designed to help lenders connect to the electronic portal for government loans, while appraisal management companies are vying for business. An appraisal technology firm was acquired.
Identity Fraud Drives Up Risk of Mortgage Fraud
A quarter-over-quarter increase in the risk of identity fraud drove a rise in the risk of overall mortgage fraud.
AMC Rule Finalized
Minimum state requirements for appraisal management companies have been outlined in a rule that has been finalized by federal regulators.
Services Help Comply With Collateral Underwriter
Several valuation service providers have enhanced existing products or developed new ones to help appraisers cope with Collateral Underwriter.