Wire and title fraud risk reached an all all-time high in Q4 2023 with 51.8% of transactions having issues that led to a risk of wire and title fraud, according to FundingShield‘s quarterly report.On average, problematic loans had 2.2 issues per loan indicating the lack of appropriate controls by cl

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) produc

Dark Matter Technologies, formerly Black Knight Origination Technologies, is gearing up to bring more lenders on to use its Empower loan origination system in 2024.The firm is primarily focused on creating an application programming interface (API) marketplace where Dark Matter Technologies can coll

Lights, camera, lawsuit! A copycat commission lawsuit has been filed in Los Angeles.The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesd