Aegis Mortgage Corporation said today that the company has suspended all loan originations, Mortgage News Review has learned. Apparently Aegis Mortgage Corporation is suffering problems because of the worsening housing and credit markets. (more…)

H&R Block Inc. said Monday that it is considering a sale of Option One, the tax preparation company’s struggling mortgage subsidiary. Block, which is based in Kansas City, Mo., said it is also considering other alternatives for Option One, although a spokesman (more…)

BasePoint Analyticsâ„¢, a leading provider of scientific mortgage fraud analytics and consulting services, has announced that Aegis Mortgage Corporation has chosen BasePoint FraudMarkâ„¢ for Origination. This is a key component of Aegis Mortgage Corporation’s mortgage fraud and risk management program. During the first two months of production at Aegis Mortgage Corporation, FraudMark has been able to identify suspicious loans, which enabled the lender to quickly and effectively confirm fraudulent applications and stop them before funding the loan. (more…)