The Norris Group Real Estate News Roundup 10/27/09 Today’s News Synopsis: The Senate is considering a proposal that would extend and cap the tax credit at $7,290. Interthinx estimates that mortgage fraud risk increased by 11 percent from quarter 2 to quarter 3 of 2009.
Suspected property-valuation fraud almost doubled from the end of 2007 through the first quarter of this year, according to a June 8 report by Interthinx Inc., an Agoura Hills, California- based company that sells mortgage fraud detection software.
Tree.com CFO Matt Packey added, "Overall, we are pleased with our Q3 operating results, even as two unanticipated items negatively impacted our bottom line. As we stated previously, we expected the surge in refinance activity from earlier this year to subside and our Adjusted EBITDA to return to break-even levels for Q3 and Q4.
Initial thoughts: Did the CFPB successfully update TRID? The CFPB later released the proposed updates in July and gave the industry roughly three months to submit comments on the proposal. The CFPB said these new amendments are intended to formalize guidance in the rule, and provide greater clarity and certainty.
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Fraud risk in the mortgage industry surged more than 11% from Q209 to Q309, according to a mortgage fraud risk index compiled by Agoura Hills, Calif.-based mortgage software developer Interthinx.
The current week production represents a 41.3 percent decrease from the same period in the previous year. Production for the week ending July 18, 2009 is up 2.6 percent from the previous week ending July 11, 2009 when production was 1,213,000 tons and the rate of capability utilization was 50.9 percent.
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Construtora Norberto Odebrecht S.A., Through Its Affiliate Odebrecht Finance Ltd., Launches Tender Offer For Any And All Of 7.000% Senior Notes Due 2020 And Tender Offer And Conse
Interthinx 2012 yearly report highlights geographical Shift in Mortgage Fraud Risk Seven of top ten riskiest states for mortgage fraud located on East Coast
11 11 Section 1 The Office of the Special Inspector General for the. guard against a risk when they are protected against that risk (for example, through an insurance policy).. charges as part of a mortgage fraud task force that includes SIGTARP, the U.S.
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