Trident Funding launches mortgage lending division

Jul 31, 2006

Advantage Credit president resignsMortgagePress.comAdvantage Credit, Ron Litt Advantage Credit International has announced the resignation of company president Ron Litt, effective Sept. 1. Litt leaves Advantage Credit to return to Texas. In his year as president, Litt introduced many changes, including a national accounts office to address the special needs of larger customers and focus on helping customers close more loans. Pensacola, Fla.-based Advantage Credit International is a credit reporting agency. For more information, call (866) 568-3706 or visit www.advantagecredit.com.

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Jul 31, 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....