Fiserv unveils tools to help keep borrowers in their homes

National Mortgage Professional

Jun 22, 2008

Connecticut enacts two data protection billsMortgagePress.comConnecticut, Governor Jodi Rell, HB 5658, HB 5701, data protection Connecticut Gov. M. Jodi Rell signed HB 5658 and HB 5701, respectively, which both create data protection laws. HB 5658 requires persons in possession of others' personal data to safeguard the information from third parties and destroy the data before disposal. Also, it requires businesses that collect Social Security numbers to establish a privacy protection policy to: • Protect the confidentiality of the Social Security numbers, • Prohibit unlawful disclosure of Social Security numbers, and • Limit access to Social Security numbers. Willful violations of this law are punishable with fines up to $500,000. HB 5701 eliminates the requirement that Social Security numbers of parents appear on live birth and fetal death certificates. HB 5701 also prohibits state agencies from disclosing Social Security numbers in public records unless required by law. Both bills become effective on October 1. For a copy of HB 5658, click here and for a copy of HB 5701, click here.

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Jun 22, 2008

Analysis and Data

N.Y. Fed: Short-Term Home Price Expectations Drop Sharply

Average one-year-ahead home-price growth expectations fell to 2.6%, the lowest reading since the survey began in 2014.

U.S. households participating in the Federal Reserve Bank of New York’s annual housing survey said they expect home prices over the next 12 months to increase at the slowest pace since the survey began in 2014. In contrast, the federal bank said, home price expectations ov...

Courts

Brokers Seek To Use UWM, Ishbia Claims Against Them in Ultimatum Suit

Brokers in Florida antitrust lawsuit say UWM's latest market share claims, Ishbia comments prove their case.

United Wholesale Mortgage (UWM)) Chairman & CEO Mat Ishbia was delighted to announce earlier this month that his company had claimed more than half (54%) of the wholesale lending channel during the fourth quarter of last year. That revelation, however, is now the latest...