LO Sentenced for Fraud Short-Sale Scheme
A loan officer has been ordered to prison for her role in a scheme to defraud mortgage companies into agreeing to short sales. Her accomplices include attorneys.
Mortgage LO Sentenced to Prison
A New Jersey mortgage loan originator has been sentenced to hard time because of his role in a scheme involving $6 million in fraudulent residential loans.
HUD Wants Feedback on Disparate Impact
A controversial rule finalized five years ago implementing a Disparate Impact regulation for mortgage lenders is up for comment.
Giant RBS RMBS Settlement
A government investigation into The Royal Bank of Scotland Group plc's role in securitizing home loans will be resolved through a multi-billion-dollar settlement.
Wells Agrees to Another Scandal-Related Settlement
Wells Fargo & Co. has agreed to dole out hundreds of millions more in connection with its recent scandals.
MBS Traders Cleared in Criminal Cases
Two defendants in two different cases have been cleared by an appeals court and a federal jury of alleged crimes in the sale of mortgage-backed securities.
Consumer Bankruptcies Retreat Following Surge
After soaring in March, the number of consumers who filed a new case with U.S. Bankruptcy Courts last month was down 8 percent. Year-over-year, though, was worse.
Appeals Court Decision a Win for Reverse Lenders
A decision handed down by a Florida appeals court bodes well for reverse mortgage lenders. At issue are the rights of non-borrowing surviving spouses.
N.Y. Judge Admits to Mortgage Fraud
A municipal judge in the Empire State has admitted that she lied to a residential lender and law enforcement officials.
Dozens of FHA Mortgagees Face HUD Actions
Several dozen Federal Housing Administration mortgagees were hit with actions over the past year. Some paid large penalties, and other lost their FHA approval.