OXFORD — FNC Inc. has released a new product designed to make appraisal review more efficient. The web-based workflow software, GAAR Viewer, works hand-in-hand with one of FNC’s flagship products, the Generally Accepted Appraisal Rules (GAAR)—software that scours appraisal reports for any regulatory compliance violations, as well as inconsistencies and excessive adjustments–possible indicators of unsupported [...] [...]
WASHINGTON — The Federal Trade Commission (FTC) has moved to protect distressed homeowners from the promoters of bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge up-front for these services. Instead, companies could only collect payment after providing services.
According to the Notice of Proposed Rulemaking announced [...] [...]
NATCHEZ — A former mortgage broker will be sentenced next week for using fraudulent information and documents to help people get more than $500,000 in loans.
Warren Clifton Pierce pleaded guilty in June to one charge in the 13-count indictment.
Prosecutors say Pierce worked in Hinds and Rankin counties for Raintree County Marketing Company before he incorporated [...] [...]
Chicago-based TransUnion has released its annual credit forecasts, which indicate national mortgage loan delinquencies (the ratio of borrowers 60 or more days past due) will drop nearly 3 percent by the end of 2010 to 6.39 percent from an expected 6.56 percent at the conclusion of 2009.
The projected decrease in mortgage delinquencies would end a [...] [...]
Mississippi Valley Title alleges attorneys Charles and Chris Evans committed
mortgage fraud on banks and induced Mississippi Valley Title to issue
fraudulent title insurance policies. The claim was part of a motion filed in
Madison County Chancery Court in October asking for a preliminary
injunction.
Charles Evans was an approved attorney for MVT, from whom the company
accepted title [...] [...]
OXFROD — Mortgage technology company FNC Inc. is now utilizing the social networking tools Facebook and Twitter to make information about its real estate collateral management solutions and analytics more easily accessible to potential clients.
On FNC’s Facebook page, visitors will find pictures, information about FNC and announcements about the company. Twitter provides FNC followers with [...] [...]
