Heartwell Mortgage begins national expansion

May 30, 2006

Interthinx films mortgage fraud prevention videoMortgagePress.comMortgage fraud prevention, Interthinx Interthinx has developed a fraud prevention training video to help the mortgage industry thwart the expansion of mortgage fraud schemes nationwide. The video, titled "Fraud Scheme Investigation," was filmed as a primetime television parody in order to highlight typical mortgage fraud red flags in an entertaining, as well as informative, fashion. The video will be released in September 2006 and premiere at the Mortgage Bankers Association Quality Assurance Conference 2006. Interthinx is a nationwide provider of automated fraud protection and decision support tools for the mortgage industry, with corporate offices in Weldon Spring, Mo. and Calabasas, Calif. For more information, call (800) 333-4510 or visit www.interthinx.com.

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May 30, 2006

Regulation and Compliance

Bank Mergers Face Additional Scrutiny By FDIC

FDIC considers small businesses and residential loan originations when evaluating a merger’s competitive effects.

Bank mergers are expected to face increased scrutiny after the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a Final Statement of Policy (Final SOP) to its Bank Merger Transaction guidelines, finalized on September 17. The board also voted 3-2 i...

Analysis and Data

NAR Reports August Sales Slump, Aligning With Broader Industry Data

August sales dip, but analysts eye year-end comeback with lower rates and rising supply

Although existing-home sales fell again in August, lower mortgage rates and rising supply could propel a resurgence before the year ends. Existing-home sales retreated 2.5% in August to a seasonally adjusted annual rate of 3.86 million, sliding 4.2% from one year ago, th...