Real estate fraud detection service changes hands

ISO has acquired AppIntelligence, a provider of Web-based analytic tools designed to identify and detect fraud in the residential mortgage industry.

More than 600 customers of the Weldon Spring, Mo.-based company use AppIntelligence products in the prequalification, processing, underwriting, quality control/quality assurance and compliance phases of the mortgage-lending process.  more...

New software enhances real estate lead capture

WebCubic Inc., a provider of Internet software and tools for the real estate industry, on Thursday announced that its new WebCubic 4.0 software will be available in February.

WebCubic 4.0 offers a FormCreator, which allows the Web site owner to create specialized forms to capture contact information about visitors. Forms will be available from a ready-to-use library or can be uniquely designed by the user.  more...

Real estate data provider opens 24/7 access

Mortgage servicers and other professionals can now have 24/7 access to Data Tree's document database of more than 2 billion land records via the company's new product, DocEdge.com, the company announced Monday.

Users can get copies of mortgages, deeds, assignments, transfers, assessor pages and reports such as property detail, sales comparables, and legal and vesting information. They can also search for current and historical ownership details of residential, commercial and other real property using DocEdge's multiple search capabilities.  more...

Fannie Mae withholds 2004 bonuses

Fannie Mae, the home loan financing giant beleaguered by major financial misstatements, will withhold last year's cash bonuses for its top managers, according to a Securities and Exchange Commission report. Fannie Mae also reported that its principal accounting officer, Leanne G. Spencer, is stepping down as senior vice president and controller on Jan. 31.  more...

Real estate loan foreclosures flat

Foreclosures in California remained flat in 2004 compared with 2003 levels, according to Foreclosures.com, a northern California investment advisory firm specializing in distressed property.

"Of the eighteen counties we cover," said Foreclosures.com president Alexis McGee, "only three posted increases – Riverside, San Joaquin, and Stanislaus – while the rest of the counties showed essentially the same numbers of defaults or modest declines from 2003."  more...

Overnight real estate rates trend lower

Long-term mortgage interest rates were lower Friday, and the benchmark 10-year Treasury bond yield sank to 4.14 percent.

The 30-year fixed-rate average dropped to 5.19 percent, and the 15-year fixed-rate slipped to 4.7 percent. The 1-year adjustable was unchanged at 3.69 percent.

The 30-year Treasury bond yield fell to 4.64 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states.  more...