AGOURA HILLS, CA, January 27, 2011 — Interthinx announced the launch of “Direct from D.C.”, a new audio news service featuring Interthinx industry expert Ann Fulmer. In its first podcast, “Direct from D.C.” offers information and insights on pressing issues surrounding regulatory reform, the future of the GSEs (government sponsored enterprises), QRMs (qualified residential mortgages), and the latest mortgage fraud trends.
With its direct impact on risk retention, Ms. Fulmer discusses the importance of defining a qualified residential mortgage. Because QRMs can be originated and sold immediately on the secondary market, meeting the criteria affects the amount of reserves that must be kept on hand by an originator. Recent discussions of resetting the down payment requirement to 30 percent have sparked debate on both sides. The exchange is expected to continue until a final decision, due by April 17.
The podcast can be accessed through the “Events” page on the Interthinx website with a transcript available for download. Additional “Direct from D.C.” podcasts will be created regularly as mortgage industry issues develop.
“We hope members of the mortgage industry find this new Interthinx service informative and insightful,” said Mike Zwerner, senior vice president of Interthinx. “With so many new financial regulations discussed, it’s crucial for everyone to keep pace with reporting and disclosure changes as they are finalized. Having our own industry expert, Ann Fulmer, in D.C. to report on issues is another way to provide value for our customers and the industry.”
Interthinx, a Verisk Analytics subsidiary, is a leading national provider of comprehensive risk mitigation solutions in the areas of mortgage fraud, collateral valuation, regulatory compliance, audit services, and loss forecasting. The Interthinx quarterly Mortgage Fraud Risk Report is a standard for the financial services industry and includes analysis of national mortgage fraud risk with indices for the most common types of risk. At every point in the mortgage life cycle, the Interthinx suite of services can directly increase the value of client portfolios. Winner of Mortgage Technology magazine’s 10X Award, Interthinx is a charter participant in the national fraud prevention database MERS® FraudALERT, a powerful utility that allows members of the mortgage industry to share data while maintaining privacy in a secure environment. For more information, visit www.interthinx.com or call 1-800-333-4510.