FTC Delays Red Flag Enforcement (Again – Sorta)
The FTC has for the 4th time, issued an enforcement delay of the FACTA Red Flag rules until June 1, 2010. In fact, this is a "partial" delay. Not…
The FTC has for the 4th time, issued an enforcement delay of the FACTA Red Flag rules until June 1, 2010. In fact, this is a "partial" delay. Not…
A new catch-phrase has been created in the mortgage industry “Credit Score Phishing.” This is used to describe a process whereby a mortgage broker or lender, through their Credit Reporting Agency…
In an effort to stem the tide of mortgage fraud associated with misstated income, Fannie Mae announcement 09-19 tightens the requirements regarding the use of IRS tax transcripts to verify…
In addition to the increase in the use of AVMs associated with the Home Valuation Code of Conduct (HVCC), we're seeing a trend of conforming lenders requiring the submission of an AVM…