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Feb 04, 2008

Bills.com launches FHA Secure CheckMortgagePress.comhelp homeowners, eligibility, refinancing quotes Bills.com recently released its FHA Secure Check program, which is designed to help homeowners determine if they are likely candidates for the Federal Housing Administration's (FHA) FHASecure program. By filling out a single form, homeowners will receive an immediate assessment of their eligibility, along with refinancing quotes from Mortgage Brokers, lenders and banks. Based in San Mateo, Calif., Bills.com is a consumer education services company. For more information, visit www.bills.com.

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Feb 04, 2008

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....