Informative Research introduces new application, Spanish-language reports

Nov 15, 2007

Stewart Lender Services introduces Pre-Foreclosure ReportMortgagePress.comForeclosure risk analysis Stewart Lender Services Inc. has released the Pre-Foreclosure Report, a tool designed to help attorneys and lenders determine the current condition of the title of a property where the borrowers are in financial distress. The Pre-Foreclosure Report provides a "snapshot" of the subject residential property and includes a two-owner search, vesting information, open liens, judgments, pending lawsuits and tax information. Supplemental options include bankruptcy searches and title updates. Houston-based Stewart Lender Services Inc. is a provider of mortgage information and services. For more information, call (713) 892-8989 or visit www.stewartlenderservices.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....