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If the states have their way, mortgage companies will have to revamp the way they handle foreclosures, pay penalties for violations and expand help to homeowners on the verge of foreclosure.The top law enforcement officials of states around the country are already weighing the outlines of a potential settlement with the industry, said Iowa Attorney General Tom Miller, who will lead the [read post]
3 Jan 2008, 4:19 am
The collapse of the $1.8 billion buyout of PHH, a mortgage and vehicle leasing company, by the Blackstone Group and General Electric, had industry observers Wednesday lamenting the failed deal as an ominous start to the new year and yet another example of the drastic changes that have torn through the debt markets since the [...] [read post]
2 Mar 2015, 10:00 am by Allison Tussey
” “The FBI is committed to investigating those who scheme to personally profit by defrauding the nation’s mortgage industry. [read post]
17 Jan 2011, 5:11 am by Keith Reinfeld
Gordon will test whether the Courts will apply the same “production versus administrative” dichotomy to underwriters, or other employees in the lending industry, who perform a similar function as mortgage loan officers. [read post]
11 Feb 2014, 5:43 pm by Seyfarth Shaw LLP
  This ruling has significant ramifications for the mortgage lending industry and for all employers that maintain an exempt outside sales workforce. [read post]
19 Jan 2011, 5:30 am
Many mortgage industry insiders have speculated that many mortgage-servicing companies are hesitant to modify first mortgages because the servicing company owns the second mortgage and they are unwilling to modify their loans. [read post]
4 Jun 2015, 10:00 am by Marc Patterson
  Among other things, the Toolkit provides questions consumers should consider to help define their homeownership goals and mortgage lending choices. [read post]
1 Apr 2009, 7:11 am
AIG has sucked up four bailouts already, totaling over $170 billion, about ten times as much as the whole U.S. auto industry. [read post]
15 Apr 2008, 2:19 pm
  Instead, we have been hearing servicers and originators (such as the Mortgage Bankers Association) speaking for the entire mortgage lending industry. [read post]
11 Apr 2013, 9:48 am by Richard J. Andreano, Jr.,
”  The trade groups emphasize the industry is working diligently toward meeting the expected compliance dates, but state that to avoid compliance risks, companies may choose to limit their mortgage lending activities, which “will be devastating to the industry and reduce mortgage loan options for consumers at a time when all agree there should be an increase in responsible mortgage lending. [read post]
Based on the definition of the financial services sector set forth in the orders, we anticipate that Mortgage Lenders are considered part of the financial services industry, and are therefore permitted to continue doing business. [read post]
4 Jul 2011, 2:25 am by Tomassi Law Associates
We could write more business if the mortgage industry volume overall went up, he said in an interview Tuesday. [read post]
1 Dec 2013, 8:35 pm by Allison Tussey
Since 2009, more than 50 defendants have been convicted, including title company operators, mortgage brokers, licensed appraisers, and attorneys. [read post]
16 Mar 2011, 9:13 am
The issues and court rulings surrounding the company strike at the very heart of the mortgage industry in the United States. [read post]
16 Jun 2010, 7:06 pm by jefhenninger
No. 10-3129 (PS) Joelma Graca, a real estate agent in Newark, and John Malheiro, a mortgage loan officer for two different New Jersey mortgage companies, sought mortgage loans via fraudulent bank statements, pay stubs, W-2s, and a loan application. [read post]
3 Feb 2015, 1:16 pm by Allison Tussey
The settlement with S&P arises from the investigation into mortgage-backed securities by Attorney General Harris’ Mortgage Fraud Strike Force, which was formed in May 2011 to comprehensively investigate misconduct in the mortgage industry. [read post]
1 Sep 2021, 9:10 am by Rebecca McDonough
The Greater Cincinnati real estate market has seen strong growth despite industry setbacks caused by the COVID-19 pandemic. [read post]
15 Feb 2011, 7:15 am by Michael Wasserman
 As of January 1st, 2011, ONLY Illinois mortgage licensees, regulated/licensed banks, savings & loans, credit unions, insurance companies, and the like can make residential mortgages for gain or profit..Non-interest bearing mortgage loans are still allowed.The new rule was enacted to implement a Federal law intended to enhance consumer protection and reduce fraud in the mortgage industry. [read post]