News

Equifax hack isn’t over – more risks ahead

FILE – This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) More Long after the Equifax breach was announced, people were still struggling to freeze their credit … Read more

ProEducation Solutions Partners with Veri-Tax

Automated Verification Solution – ProVerify SARASOTA, FL AND IRVINE, CA, October 26, 2017 – ProEd and Veri-Tax recently formed a partnership to provide colleges with a new automated verification solution called ProVerify. Essentially, ProVerify embeds the Veri-Tax electronic tax data … Read more

3 Reasons A Credit Freeze Won’t Protect You

Last week, Equifax announced a staggering data breach that has impacted 143 million Americans. This is considered the worst theft of consumer data in American history. Fraudsters now have access to 143 million Social Security numbers, dates of birth and address information. The … Read more

How the increasing nonbank origination share is changing the housing market

Nonbank originations hold lower average FICO scores The origination share from nonbanks has increased significantly over the past five years, and is bringing several changes to the residential lending market. Overall, the nonbank origination share increased from 30% in 2013 … Read more

Docutech, Veri-Tax Streamline Day 1 Certainty™ Process for Lenders

FOR IMMEDIATE RELEASE Docutech, Veri-Tax Streamline Day 1 Certainty™ Process for Lenders Integration simplifies the process of obtaining and submitting tax transcripts to Fannie Mae’s Desktop Underwriter   IDAHO FALLS, ID AND IRVINE, CA, August 11, 2017 – Docutech, a … Read more

Veri-Tax, LLC Announced as Authorized Report Supplier for Day 1 Certainty™ from Fannie Mae

FOR IMMEDIATE RELEASE   Veri-Tax, LLC Announced as Authorized Report Supplier for Day 1 Certainty™ from Fannie Mae Combination of Fannie Mae Day 1 Certainty™ and Veri-Tax “customer happiness” service creates compelling value for participating lenders   IRVINE, California – … Read more

Fannie Mae will ease financial standards for mortgage applicants next month

Real Estate Fannie Mae will ease financial standards for mortgage applicants next month The top reason mortgage applicants nationwide get rejected is because they’re carrying too much debt relative to their monthly incomes. Fannie Mae will be raising its DTI … Read more

Why Millennials Are Partly to Blame for the Housing Shortage

The rush of young people to U.S. cities over the past few years is partly to blame for America’s worsening housing shortage. In some of the country’s largest and most prosperous markets, such as New York, San Francisco, Boston and … Read more

Millennial Homebuyers Far More Traditional Than Previously Believed

Online lenders and agents making little headway among Millennials, according to CentSai survey. When it comes to home buying, millennials are much more traditional than previously believed, according to a recent survey of 2,050 Americans aged 18 to 34 conducted … Read more

Fannie Mae Introduces Innovative Solutions for Borrowers with Student Loan Debt

Fannie Mae Introduces Innovative Solutions for Borrowers with Student Loan Debt Innovations Help Borrowers Pay Down Student Debt and Overcome Debt Related Obstacles When Buying a Home WASHINGTON, April 25, 2017 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) announced … Read more