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May 24, 2011

New CA Unit to Tackle Lending Crimes
A new unit formed by California's attorney general will target issuers of mortgage-backed securities, mortgage advertisers and foreclosure consultants. The state hopes to prevent a repeat of the crisis that wiped out $0.6 trillion in wealth.
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Credit Plus, Inc. Automates More Fraud Detection Tools
Salisbury, Md., May 19, 2011 Credit Plus, Inc., a leader in the credit information industry since 1928, has automated more of its Validation Plus fraud detection tools in order to help mortgage professionals verify loan application data and prevent mortgage fraud.
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Mortgage Fraud Prevention Secrets
May 19 -- LAS VEGAS -- A panel at this week's Global Technology Summit tackled mortgage fraud and talked about practical ways to prevent mortgage fraud at lending institutions.
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Dodd Frank Dominating Conferences
A look at the agendas for several mortgage-related conferences uncovers an array of sessions that address the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. A technology conference being held this week in Sin City has a U.S. congressman fielding questions about Dodd Frank.
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Freddie Updates Underwriting Requirements
Among a host of underwriting updates from Freddie Mac are revised employment verification requirements, data about the loan originators and state information on appraisers.
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