National industry appointments update - 10/1/2007

Sep 30, 2007

L2C customizes Link2Credit Score for mortgage industryMortgagePress.comAlternative credit scoring L2C Inc. has announced the release of a version of its Link2Credit Score customized for the mortgage industry. The mortgage-specific credit-scoring system is able to access up to seven alternative data sources in real time, in order to more accurately score underbanked applicants and reduce risk. L2C Inc. is a consumer credit-scoring company based in Atlanta. For more information, call (404) 601-3420 or visit www.l2cinc.com.

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Sep 30, 2007

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

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...