Featured Story Prefunding Fraud Analytics Helps Reduce Potential Risk By Amilda Dymi Fraud risk control is commonly recognized as an effective way to avoid loan buybacks. Avivah Litan, vice president and analyst at Gartner research firm, says lenders who want to remain competitive in fraud management are also aware that they "cannot continue doing business as usual." Free a year ago

Gifts and grants can be considered borrower’s own funds for purposes of meeting MGIC’s 3% Minimum Borrower Contribution when the following requirements are met: Property is located in a Nonrestricted Market DTI 740 Loan instrument is fixed-rate/fixed-payment for at least the first 5 years Property is 1-unit Property will be a primary residence Loan has no subordinate financing or soft seconds a year ago