Quick profits, a 'short' way to fraud | The Seattle Times – Quick profits, a ‘short’ way to fraud. CoreLogic, a large real-estate and mortgage-data research firm headquartered in Santa Ana, Calif., studied 450,000 short-sale transactions across the.
ABS East panel says Shiller wrong on housing bubble call Fed lays out rules for banks to rent REOs Countrywide VIP mortgage program investigation goes dark Large housing inventories to be sold at deep discounts in 2011: DBRS How much money do house flippers make? According to RealtyTrac’s U.S. home flipping report, investors made an average gross profit of $63,000 per flip last quarter. In other words, on average, houses sold for $63,000 more than they were purchased for. With the united states real estate market heating up, many people are getting into flipping.
CoreLogic Sees a Rise in Refinancing Fraud | Asset. – Consequently most of the fraud increase was attributed to Federal Housing Administration loans, Home Affordable Refinance Program or HARP loans, real estate-owned or foreclosure, and short sales. Findings based on the CoreLogic database that covers 97% of the nation’s real estate transactions deriving from 80 million loans that represent 65%.
Morgan Stanley surprised by reported Citi settlement size This quarter, some banks paid out so much in litigation fees – including billable hours, court costs, and settlement payouts – that. Holding true to their report, Morgan Stanley did confirm that.
CoreLogic chat shows short sale fraud evolving in unexpected. – CoreLogic chat shows short sale fraud evolving in unexpected ways. Post By Pasquale . Contents.. ReverseVision launches interactive comparison tool for reverse mortgages March 2, (send2press newswire. reversevision technology supports more reverse mortgage transactions than all other.
CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released IncomeAdvisor, the only income assessment tool for mortgage and auto lenders, consumer loan providers and card issuers that delivers both a fraud score and actionable alerts as well as an income estimation with measurable confidence levels.
HOA Homefront: Attitude makes a director outstanding – This week launches a four-part series regarding what makes (or should make) a volunteer director truly outstanding. Attitude makes the difference. All the knowledge in the world and the best.
Short Sale Fraud to Cost Banks $375 Million in 2011, Says. – July 2011 Short Sale Fraud to Cost Banks $375 Million in 2011, Says CoreLogic. Sales of properties on the verge of foreclosure tripled over the last two years and will increase another 25 percent in 2011, according to analysis from CoreLogic, HousingWire reported May 25.
CoreLogic launches anti-fraud product – WAV Group Consulting – Wednesday, August 25th, 2010, 4:58 pm US housing data aggregator CoreLogic is now offering a short sale fraud detection tool that monitors the property even after the sale is completed. Nearly two weeks ago, CoreLogic announced that short sales has cost lenders nearly 300 Million in 2010.