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21 Nov 2014, 12:05 pm by Allison Tussey
Hairston helped a straw borrower obtain and close a loan for a home based on false qualifying information, and then moved into the straw borrower’s home. [read post]
29 Apr 2014, 8:15 am by Allison Tussey
As previously reported by Mortgage Fraud Blog, Herrera served as a loan officer and later a branch manager at Delta Homes and Lending Inc., a real estate and mortgage lending company. [read post]
A recent projection from Moody’s estimates that approximately 30% of home loans could enter default if the economic shutdown continues through the summer. [read post]
6 Aug 2018, 6:00 am
The Home Affordable Modification Program (HAMP), a major federal effort to reduce foreclosures during the Great Recession, and related programs expired at the end of 2016. [read post]
2 Mar 2011, 8:27 am by guest-writer
A recent report at Credit.com notes that the federal government may be nearing an announcement of new regulations for the mortgage servicing industry. [read post]
29 Jul 2013, 2:00 am by Nicole Kellner-Swick
For high-cost mortgages, CFPB’s final rule amends Regulation Z (Truth in Lending) by expanding the types of loans subject to the protections of the Home Ownership and Equity Protections Act of 1994 (HOEPA), revising the tests for whether a loan is “high-cost,” imposing new restrictions on high-cost loans, and requiring new disclosures, including a pre-loan counseling requirement. [read post]
18 Mar 2007, 8:28 am
The regulations restricting fees charged by lenders in connection with federally-related mortgage loans are set forth in § 3500.12, which provides: § 3500.12. [read post]
20 Jul 2019, 7:44 am by Ray Garcia
  FHA Loans FHA loans are offered by the Federal Housing Administration. [read post]
20 Jul 2019, 7:44 am by Ray Garcia
  FHA Loans FHA loans are offered by the Federal Housing Administration. [read post]
27 Oct 2008, 9:10 pm
To encourage this planning device, the president signed legislation raising the outside loan amounts on reverse mortgages, which are to be guaranteed by the federal government. [read post]
13 Jul 2009, 6:00 am
It said she could sign up for a free program that would save her home by giving her a more affordable loan. [read post]
12 Dec 2007, 8:52 am
In 1992, the home mortgage industry convinced Congress to change the stripdown rule, essentially disallowing it in the home loan context because it could cause crisis in the home mortgage industry. [read post]
  Federal regulatory efforts traditionally have focused on encouraging consumers to shop for mortgage loans through an easier, more streamlined loan application process. [read post]
24 Oct 2012, 11:08 am
Sues BofA Over Mortgage Sales, The Wall Street Journal, October 25, 2012 More Blog Posts: Ex-Bank of America Employee Pleads Guilty to Mortgage Fraud Scam Using Stolen Identities to Buy Homes Not For Sale, Institutional Investor Securities Blog, August 30, 2011 Bank of America to Pay $335M to Countrywide Financial Corp. [read post]
24 Aug 2021, 11:24 am
This program is available for mortgages owned or guaranteed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). [read post]
22 Mar 2024, 9:18 am by ocgdev
By the end of September 2023, the Federal Reserve Bank of New York reported that Americans were carrying $12.14 trillion in mortgage balances. [read post]
2 Jul 2008, 2:11 pm
Fred and Pamela Holder caused the submission to mortgage lenders of false mortgage loan …Read More... [read post]
10 Sep 2015, 8:27 am by Rachel Dollar
Attorney Bill Nettles said Alison Vance White told his financial backers that their money would go to clients who wanted to buy homes but couldn’t qualify for traditional loans The post Charleston man charged in $800K real estate lending fraud appeared first on Mortgage Fraud Blog. [read post]