Manual mortgage underwriting leads to less fraud: QMS - Housing Wire
Manual mortgage underwriting leads to less fraud: QMSHousing WireOut of loans backed by the fha, 3.51% contained fraudulent elements in 2010, up from 2.56% in 2009. Of that, 3.76% is attributable to purchases and 1.53% is attributable to refinances. For loans where fraud was detected, the average credit score was ...
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