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26 Feb 2019, 5:38 am
For example, federal regulations now require lenders to provide formal Loan Estimates to mortgage applicants that clearly spell out the amount of money they are borrowing and how they can expect this to impact closing costs. [read post]
28 Dec 2017, 7:41 am by Daily Record Staff
Federal Home Loan Mortgage Corporation purchased the property at a foreclosure auction in December 2012 and later assigned its rights in the property, which included a deficiency ... [read post]
29 Feb 2012, 7:42 am by Andrew Stine
If you have been accused of committing mortgage fraud and you had no intention to do so, contact a criminal defense lawyer and you could even get your case dismissed.Palm Beach County Mortgage Fraud According to an article in the Palm Beach Post, four Palm Beach County residents and one Port Saint Lucie man were charged last week in a mortgage fraud scheme federal investigators said involved $8 million in loan proceeds and 17 homes. [read post]
3 Sep 2019, 1:49 pm by schlangerlaw
In 2018, our client entered into a variable rate mortgage agreement with the Wells Fargo Bank, N.A. in order to purchase a residential home. [read post]
22 Oct 2011, 11:56 am
When the federal government began giving billions of dollars to the banking industry through the Troubled Asset Relief Program (TARP), we discovered that many financial institutions had gotten themselves into their dire situations by making or investing in high-risk home loans. [read post]
15 Mar 2010, 6:43 am
In a short sale, the borrowers sell the home for less than they owe on their mortgage, but avoid an outright foreclosure. [read post]
1 Mar 2011, 4:07 am
The loan that you purchased the home with must be subject to the provisions of the Federal Truth in Lending Act. [read post]
3 Jun 2015, 8:18 am by Allison Tussey
If a DEL such as First Tennessee approves a mortgage loan for FHA insurance and the loan later defaults, the holder of the loan may submit an insurance claim to the U.S. [read post]
3 Jul 2009, 3:08 am by LaBovick Law
The Atlanta based home builder, Beazer Homes USA Inc. settled a qui tam suit involving mortgage fraud with Federally insured mortgages. [read post]
6 Nov 2009, 4:49 am by admin
Rule #6 will go into effect on January 1, 2010. #1) For home mortgage loans (not including home equity lines of credit), mortgage lenders and brokers are prohibited from coercing or encouraging real estate appraisers to misrepresent the value of a home. [read post]
15 May 2019, 8:24 am by John Floyd
Professional Fraud is committed by one or more of the professional entities – from real estate agencies to mortgage and banking providers – with whom a borrower is working to secure a home loan. [read post]
1 Jun 2015, 11:04 am by Allison Tussey
  In addition, Kamla Seecharan and Rovetto unlawfully diverted more than $3.5 million in mortgage loans from real estate closing escrow accounts to Raviworld New Homes, Inc., a company managed by Roopnarine and Deo Seecharan. [read post]
3 Aug 2011, 7:09 am by Russell Mace
After that, they submitted loan applications with false information for those homes. [read post]
19 Dec 2010, 6:00 am
They applied for a mortgage modification through their lender but their home was foreclosed in on and they were evicted in May 2010. [read post]
19 May 2014, 7:40 am by Allison Tussey
“This Office is committed to holding lenders accountable for fraudulent and reckless underwriting of federally insured FHA home loans. [read post]
3 Sep 2019, 1:49 pm by DanSchlanger
In 2018, our client entered into a variable rate mortgage agreement with the Wells Fargo Bank, N.A. in order to purchase a residential home. [read post]
23 Apr 2010, 7:27 am
The newspaper noted that unemployed homeowners may be able to get help through new initiatives from the federal Home Affordable Modification Program, which allows unemployed homeowners to reduce mortgage payments significantly for three to six months while they look for jobs. [read post]
7 Oct 2022, 9:39 am by Richard J. Andreano, Jr.
Undervaluation can prevent a homeowner from accessing accumulated equity, whether through sale or a home equity loan. [read post]
24 Mar 2014, 6:49 pm by Allison Tussey
Isaak Khafizov, 27, Queens, New York, a former owner of American Home Recovery (AHR), a mortgage loan modification business, was sentenced in Manhattan federal court to nine years in prison in connection with a scheme to defraud distressed homeowners and lenders. [read post]
28 Nov 2012, 1:21 pm
However, thanks to the Mortgage Debt Relief Act of 2007, mortgage debt is currently forgiven by lenders in a short sale, foreclosure, or loan modification if the home is a primary residence. [read post]