Tony Robbins to address Business Plan 2007

Aug 01, 2006

NovaStar renames warehouse unitMortgagePress.comWarehouse mortgage lending, NovaStar, WarehouseUSA The warehouse lending unit of NovaStar Financial Inc., previously known as NovaStar Capital Inc., has been renamed WarehouseUSA Capital Corporation. In May, the warehouse lending unit acquired nBank NA's warehouse lending business, expanding the subsidiary's client base from 40 to 110 lenders. WarehouseUSA Capital Corporation is a warehouse lender based in Roswell, Ga. For more information, call (800) 334-1939 or visit www.warehouseusa.com. NovaStar Financial Inc. is a real estate investment trust based in Kansas City, Mo. For more information, call (888) 499-5363 or visit www.novastar1.com.

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Aug 01, 2006

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....