Former Fannie execs denied dismissal of subprime fraud suit Former Fannie mae ceo daniel Mudd has urged a federal judge to dismiss a lawsuit filed against him by the Securities and Exchange Commission (SEC) accusing Mudd of shielding risky subprime loans. In a 14-page opinion, U.S. District Judge Paul Crotty denied a motion for summary judgment by Mudd, saying a jury could find many of the disclosures that fannie mae issued about the high-risk home.
CoreLogic announced it is planning to "exit" its "legacy non-core software platforms," including its loan origination software unit and. CoreLogic launches loan fraud analysis software.
A new analysis by CoreLogic shows an increased risk of mortgage application fraud associated with purchase loans while loans made for refinancing are showing decreased risk.Thus, as rates rise and.
Mortgage fraud risk rose for the sixth consecutive quarter in the first quarter of 2018. According to CoreLogic there was a sharp increase in borrowers who were seeking to purchase rental.
This growth was largely driven by higher net interest income due to strong loan growth in the Pacific Alliance countries. the Management’s Discussion and Analysis in the Bank’s 2018 Annual Report.
Last year, the cryptocurrency market was rife with ICO fraud and exit scams. Commissioner’s Office (ICO), Student Loans Company (SLC), and the UK National Health Service (NHS) Scotland, were.
CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced that their 4506-T Direct income verification solution and LoanSafe Fraud Manager report are now available on the LendingQB Loan Origination System (LOS). When.
February 21, 2018, Irvine, Calif. – -CoreLogic Brings Industry Leading Fraud Management Solution to INTEGRA Software Systems’ Destiny and EPIC Platforms-CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced that their LoanSafe Risk Manager Suite is now available on INTEGRA Software Systems’ legacy Destiny Loan.
CoreLogic delivers abn amro from the burden of fraud risk management. BY FRANK FERRIS W E E D I N G T H E G A RDEN FORFRAUD Before they started with CoreLogic’s LoanSafe, ABN Amro had to pay for twice as many AVMs to weed out the risky loans coming in their doors. Their existing collateral risk assessment system was effective, but it was.
Whether fraud originates from one or a combination of sources, scrutiny applied to all three provides the greatest opportunity for detection. In direct opposition to the need to detect fraud exists an equal need to speed good loans to funding without inappropriate or time-consuming analysis.
Unique to the industry, the database consists of loan-level application and fraud-outcome data contributed by members of the CoreLogic Mortgage Fraud Consortium in return for aggregated information used to help detect and prevent mortgage fraud. Launched in 2009, the CoreLogic Mortgage Fraud Consortium brings industry leaders together to.
Lenders One: Lenders finally being forced to change JPMorgan analysts see housing prices falling until mid-2011 Does the U.S. risk another housing market fall? This special report from J.P. Morgan’s Economic Research team, which can also be found on J.P. Morgan Markets, offers a look at the housing market correction risk across the United States.These loans were made by private lenders and guaranteed by the government. Many of the terms and conditions for the FFEL and Direct loan programs are the same. However there are some differences in repayment options. There are still many FFEL loans in the system, but as of July 2010, no new FFEL loans are being made.