IndyMac sponsors NeighborWorks Center for Foreclosure Solutions

National Mortgage Professional

Nov 15, 2007

BasePoint introduces early payment default solutionMortgagePress.comMortgage early payment default solutions BasePoint Analytics has made available the BasePoint EPD alert, an early payment default solution, which is a statistical pattern recognition score designed to assess the risk of early payment default in mortgage applications and loans. The BasePoint EPD alert uses advanced analytic scoring technology that enables mortgage lenders and investment banks to score and identify each loan's early payment default risk in real-time, during the underwriting process, before a new loan is funded and before it is purchased on the secondary market. Carlsbad, Calif.-based BasePoint Analytics is a provider of scientific fraud analytics and consulting services. For more information, call (760) 602-4971 or visit www.basepointanalytics.com.

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Nov 15, 2007

Analysis and Data

Fannie Mae Transfers Credit Insurance Risk On $31.8B In Loans

CIRT 2023-2 and CIRT 2023-3 transferred a combined $926 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae said Monday it has executed two credit insurance risk transfer (CIRT) transactions with a combined value of $31.8 billion. As part of Fannie Mae’s effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-2 and CIR...

Courts

Judge OKs Amended Lawsuit Claiming Predatory Lending By Wells Fargo

Officials in 3 Ga. counties filed the complaint claiming Wells Fargo engaged in an 'equity stripping' scheme that targeted minorities.

A federal judge ruled late last week that a predatory lending complaint filed against Wells Fargo & Co. by three counties in Georgia can proceed. Judge Michael L. Brown of the U.S. District Court for the Northern District of Georgia, Atlanta Division, had previously di...