Countrywide and NFCC team on consumer education

Nov 15, 2007

CommercialApps.com now free to brokersMortgagePress.comCommercial mortgage application submission Web sites CommercialApps.com LLC has announced that the services on its eponymous Web site are now free to Mortgage Brokers. The online system allows Mortgage Brokers in the United States and Canada to prepare and submit multifamily and commercial property loan applications to local, regional and national income property lenders. Irvine, Calif.-based CommercialApps.com LLC is a provider of solutions to the income property mortgage industry. For more information, call (800) 553-4815 or visit www.commercialapps.com.

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Nov 15, 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....