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CoreLogic Ties Fraud Risk to Interest Rates, Purchases
A new analysis by CoreLogic shows an increased risk of mortgage application fraud associated with purchase loans while loans made for refinancing are showing decreased risk. Thus, as rates rise and refinancing diminishes, fraud can be expected to rise
Investors, Cash Sales Returning to More Normal Levels
The National Association of Realtors® reported last week that first time buyers had increased their share of existing home sales in May by two percentage points and in a market where sales were up 9.2 percent in a year had increase their share of
Several Significant Income-Related Underwriting Changes from Fannie
Highlights from the most recent update to Fannie's Selling Guide: Conversion of Principal Residence Requirements At the height of the financial crisis Fannie Mae required lenders to make a manual application to convert a principal residence to a secondary
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...