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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]
16 Dec 2011, 4:05 pm
The Securities and Exchange Commission has charged six ex-executives of the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) with securities fraud. [read post]
8 Apr 2012, 8:20 am
It is a way for consumers to fight back when your mortgage lender has refused to work with you when you needed a loan modification or when your provider switched you to a more expensive home loan than what you originally signed up for. [read post]
15 Jun 2022, 11:32 am by Michael Lowe
A buyer borrows the down payment for their mortgage loan from the seller of the home who asks for a second mortgage in exchange for it. [read post]
The Administrator cited to caselaw stating that the primary business purpose of mortgage-loan companies “is to design, create and sell home lending products. [read post]
18 Aug 2008, 12:04 am
The legislation holds mortgage buyers like Freddie liable in ways that "we have no way of monitoring and preventing," Brad German, a company spokesman, said.It's not clear how many such loans would be made even if Freddie Mac was willing to buy them: the state law will almost certainly be preempted as to federal lenders, and in the past, lenders have tended to avoid loans labeled as high-interest loans, thus making mini-HOEPA laws… [read post]
17 May 2013, 10:47 am
The government accused Hoeft of obtaining loans from mortgage lenders on properties with prior mortgages and liens without the lenders' and title companies' knowledge. [read post]
8 Dec 2016, 8:33 pm by Staff Writer
  Mortgage Companies, Lenders, Appraisers, Etc. [read post]
24 Jun 2014, 5:48 pm by Allison Tussey
Heritage Homes Group, Inc., a Pennsylvania-based home builder that offers home financing, has settled Federal Trade Commission charges that it deceived consumers by advertising low-cost mortgages while hiding fees and not disclosing vital information about the true cost of the mortgages. [read post]
9 Jul 2014, 10:41 am
Instead, reverse mortgage companies are now threatening the heirs with foreclosure on the homes unless they pay in full. [read post]
18 Oct 2010, 7:29 am by On the Net
Related posts:Arizona Attorney General Sues Loan Modification Company Phoenix Home-loan Modification Delayed for Many Calif. [read post]
13 Apr 2009, 8:00 am
Instead, it was this 10-K from the Federal Home Loan Bank of Boston — filed at 5:29 p.m. on Friday that caught my eye. [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]
27 Nov 2014, 8:06 am by Dean Freeman
In fact, not only did these centers receive HUD-backed mortgages and refinance offers, they also received federal guarantees for construction and improvement loans. [read post]
6 Jan 2015, 8:07 am by Allison Tussey
GTL Investments, Inc., doing business as John Adams Mortgage Company, Southfield, Michigan, a mortgage lender, has agreed to pay $4.2 million to resolve allegations that it violated the False Claims Act in its origination of loans backed by the federal government. [read post]
15 Mar 2012, 10:20 am by Mark S. Humphreys
The companies agreed last week to a $1-billion settlement of claims that Countrywide, once the largest home lender, defrauded the FHA by knowingly writing loans for unqualified buyers and by issuing loans based on inflated appraisals. [read post]
4 Jun 2014, 7:31 am by Allison Tussey
Starkey Mortgage, nearly $4.3 million in refunds for consumers have been obtained and the companies worked with federal authorities who brought criminal charges against several individual defendants. [read post]
18 Oct 2017, 5:00 pm by Richard Symmes
  These days, it is very common for home loans to get sold to another owner the moment the deal closes. [read post]
18 Oct 2017, 5:00 pm by Richard Symmes
  These days, it is very common for home loans to get sold to another owner the moment the deal closes. [read post]
22 May 2009, 8:43 am
The federal government should recognize this and do more to encourage legitimate loan modification companies, he wrote. [read post]