FirstPoint Inc. named Stevie Awards finalist

Jul 10, 2007

Wolters Kluwer offers lenders new reverse documentsMortgagePress.comReverse mortgage compliance documents Wolters Kluwer Financial Services has released a new line of electronic documents to help lenders comply with regulatory requirements tied to Home Equity Conversion Mortgages. State-specific documents will be available for those doing business in California, Colorado, Florida, Illinois, Massachusetts, Michigan, New Jersey, New York, Pennsylvania and Texas. Other state-specific documents will be released based on lender demand. Minneapolis-based Wolters Kluwer Financial Services is a provider of compliance, content and technology solutions and services designed to help financial organizations manage risk and improve efficiency. For more information, call (800) 397-2341 or visit www.wolterskluwerfs.com.

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Jul 10, 2007

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....