May 21, 2024
Home mortgage origination
Loans

Nearly half of loans processed in Q1 showed fraud risks: FundingShield

  • April 17, 2024

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud, according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans. On loans that exhibited problems, the analysis found an average

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Loans

Freddie Mac and ICE Collaborate to Help Lenders Improve Loan Quality

  • March 19, 2024

Freddie Mac LAS VEGAS, March 19, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) and Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced they’re working together to bring greater loan quality to the mortgage origination process so lenders can effectively serve more borrowers while reducing risk. The collaboration will leverage both

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