Lack of professionalism destroying the mortgage industry

Feb 05, 2007

Informative Research launches free fraud prevention toolMortgagePress.comCredit score verification Informative Research has introduced the Credit Score Verifier, a free fraud prevention utility developed to reduce lender risk and loan fallout. The Credit Score Verifier, a proprietary Web-based utility, enables a lender armed with basic report number information to verify credit scores reported by any credit repository, prior to undergoing the time and expense of underwriting the file or ordering a backup credit report. Garden Grove, Calif.-based Informative Research is a provider of credit- and mortgage-related information to the lending community. For more information, call (800) 473-4633 or visit www.informativeresarch.com.

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Feb 05, 2007

People On The Move

Christensen, Andrus Added At CE Class Leader

Maximum Acceleration hires mortgage exec. as education director, adds banking manager

Brandon Christensen, a longtime mortgage broker and trainer, has been named Director of Education and National Instructor for Maximum Acceleration LLC, a leading NMLS-approved course provider for mortgage pre-license and continuing education. "Having Brandon join our amaz...

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...