Search for: "Federal Home Loan Mortgage"
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23 Sep 2014, 5:05 pm
The scheme involved Brown buying homes at inflated prices, obtaining mortgage loans by fraud at the inflated amounts, and receiving kickbacks from the excess loan proceeds without the lenders’ knowledge. [read post]
29 Aug 2013, 6:37 am
Federal Housing Administration insures these mortgages and has power to regulate how they work. [read post]
20 Mar 2011, 1:56 pm
Reverse Mortgages, or Home Equity Conversion Mortgages, Are now subject to a policy in which, if the surviving spouse is not on the loan and title documents, they are required to pay off the full balance of loan in order to stay in the house. [read post]
1 Dec 2011, 6:39 am
Wachoiva Mortgage Corporation financed these eight loans for about $2.5 million. [read post]
11 Aug 2017, 3:00 am
An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA). [read post]
22 Nov 2022, 9:46 am
HUD also issued Mortgagee Letter 2022-18 addressing with regard to FHA-insured loans general flood insurance requirements, flood insurance requirements for condominiums, manufactured homes and home equity conversion mortgage (HECM) loans (i.e., reverse mortgage loans), and private flood insurance requirements. [read post]
22 Sep 2009, 10:00 pm
Government considers placing restrictions on loan modification companies Fraudulent mortgage rescue schemes is reaching an “epidemic. [read post]
11 Jun 2011, 11:12 pm
Many folks with less-than-perfect credit and little cash have turned to Federal Housing Administration (FHA) and Veterans Affairs (VA) loans for their home financing needs. [read post]
6 Aug 2010, 2:31 am
Presently many borrowers have no equity (or negative equity) in their homes, and due to the securitization of loans through the secondary mortgage market, few originating lenders retain a stake in the loans they create. [read post]
7 Apr 2009, 5:53 am
They say they want to help you get a loan modification agreement. [read post]
3 Jul 2007, 11:17 am
"Perhaps the most innovative or ambitious in it's undertaking is Senate Bill 1299, which would "amend the Truth in Lending Act to deem a mortgage broker, in the case of a home mortgage loan, to have a fiduciary relationship with the consumer, and subject such broker to all federal and state requirements for fiduciaries. [read post]
8 May 2009, 7:53 am
This is intended to help correct the economic downturn by making loan modifications easier to get, thus preventing more foreclosures of troubled homes. [read post]
26 Nov 2008, 8:23 pm
The Fed will purchase $100 billion of Freddie Mac, Fannie Mae and the Federal Home Loan... [read post]
28 Oct 2009, 3:09 pm
Our goal is not only to stop foreclosure, but to keep clients in their homes with a fair and sustainable mortgage payment whenever possible. [read post]
12 Sep 2013, 12:58 pm
Other commentators have suggested that, because many of the loans identified by Richmond are performing, the relevant value inquiry is not the value of the security (i.e., the home), but the value of the income stream. [read post]
16 May 2019, 12:50 pm
Richard Earl Jeffcoat, 52, Pelion, South Carolina was sentenced today to six months in federal prison and six months of home confinement after pleading guilty to Conspiring to Commit Bank Fraud. [read post]
22 Jan 2013, 1:43 pm
This week, the CFPB has become especially important to Florida home owners with mortgage concerns, since the agency just announced new federal rules for borrowing with home loans and mortgages as well as new federal regulations which must be followed by mortgage servicers in the United States. [read post]
7 Jul 2015, 10:44 am
Buyers don’t have to use a specific lender, and the buyer can apply for a home loan with several different mortgage lenders. [read post]
Former Loan Officer sentenced to two years in prison for role in $40.8 million mortgage fraud scheme
15 Jul 2014, 5:02 pm
Wells Fargo Home Mortgage released more than $4.6 million based on fraudulent mortgage loan applications. [read post]
4 May 2021, 12:37 pm
The CFPB recently entered into a consent order with Nationwide Equities Corporation (Nationwide), which the CFPB refers to as a mortgage broker and mortgage lender that primarily provides jumbo reverse mortgage loans and Home Equity Conversion Mortgage Loans (HECMs). [read post]
