BasePoint Analytics, a provider of scientific fraud analytics and consulting services, said Tuesday that it has released the second generation of its fraud detection suite, called FraudMark for Origination. BasePoint’s FraudMark predicts the likelihood of a loan containing fraud that could result in financial loss to a lender. According to BasePoint, the newest version of [...]

Cooler heads are prevailing at BusinessWeek today, who is saying that a potential merger between Countrywide and BofA is highly unlikely.

Subprime wholesaler Mandalay Mortgage is the latest in a growing line of lending operations to shut its doors this year, according to information obtained by Housing Wire. A notice on the company’s website said the company has exited the non-prime wholesale business effective January 24th, and that loans already in the company’s funding pipeline will [...]

In a move that may have been predicated by its recent settlement agreement with the California Department of Insurance, the First American Corporation announced Monday that it has launched MarketLinx, a new company that will address the full range of information technology needs for residential real estate professionals. The new company will combine First American [...]

Addressing industry complaints that it had been neglecting property preservation, the U.S. Department of Housing and Urban Development said Monday it is changing its requirements and reimbursement amounts for property preservation and protection efforts — a move that will impact thousands of contractors throughout the United States that provide property maintenance and preservation services for [...]

GMAC-RFC said Friday that effective January 24, it had terminated the subservicing rights of Mortgage Lenders Network USA, Inc. as well as the associated servicing rights of Emax Financial Group, LLC. MLN was a subservicer for EMAX on a number of deals which named Residential Funding Company as master servicer, and RFC said its termination [...]

Massachusetts’ slumping housing market appears to be affecting the mortgage industry and homeowners, according to a report released today. Almost 70 percent more lenders started the foreclosure process against Bay State homeowners in 2006 than in 2005, and 46 percent more homes were advertised to be auctioned, according to data compiled by The Warren Group. [...]

Worth the wait: Full results for this year’s REBAs have now been posted, for anyone who’s been waiting or is curious how everything played out. We think you’ll find some surprises in looking at who ended up where, so be sure to take a look. Patting ourselves on the back: It’s hard to believe it, but [...]

New data released today shows that 1.2 million foreclosure filings were reported nationwide during 2006, up 42 percent from 2005, and representing a foreclosure rate of one filing for every 92 U.S. households. The report, published by RealtyTrac, found that the number of total foreclosure filings nationwide rose from about 885,000 in 2005 to 1,259,118 in [...]

Triad Guaranty Inc. said late Wednesday that net income at the guarantor and mortgage insurance specialist dropped 35 percent during the fourth quarter, reporting net income of $8.1 million for the quarter versus $12.6 million in the fourth quarter of 2005. In spite of lagging fourth quarter performance, Triad reported annual net income for 2006 [...]