Interthinx awarded for fraud detection video

National Mortgage Professional

Jul 11, 2007

MISMO implements eHereNow data validation solution, new standardsMortgagePress.comData validation MISMO has implemented eHereNow's /validate Web Service, to validate XML data undergoing MISMO XML Compliance (MXCompliance) certification. MXCompliance allows implementers of MISMO's Internet-based XML standards to reference certification requirements and take the steps necessary to become officially compliant with them. Additionally, MISMO has announced the completion and release of three more data standards for the commercial/multifamily mortgage industry—Document Classification Version 1.1, Environmental Site Assessment Synopsis Version 1.1 and Work Order Request and Response Version 1.1. Washington, D.C.-based MISMO is a nonprofit subsidiary of the Mortgage Bankers Association established to develop mortgage data exchange and file specification standards for the mortgage industry. For more information, call (202) 557-2772 or visit www.mismo.org. eHereNow is a business-to-business data solutions provider based in Miami. For more information, call (305) 829-5549 or visit www.eherenow.com.

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Jul 11, 2007

Analysis and Data

Mortgage Rates Fall For 3rd Straight Week

The 30-year mortgage dropped to 6.32%, lowest since mid-February.

Amid continued economic unrest, mortgage rates fell for the third consecutive week this week, Freddie Mac said Thursday. According to the government-sponsored enterprise’s Primary Mortgage Market Survey (PMMS), the 30-year, fixed-rate mortgage (FRM) averaged 6.32%, down 10 ...

Regulation and Compliance

Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk

CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'

What happens if a nonbank lender or large mortgage servicer fails? That’s a question that recently has been keeping Consumer Financial Protection Bureau Director Rohit Chopra awake at night. "A major disruption or failure of a large mortgage servicer really gives me a night...