by admin | Mar 19, 2015 | Mortgages
By Brian Honea Two similar pieces of legislation introduced last month in the House and Senate that would extend tax relief to homeowners who are underwater on their mortgage loans have been referred to committees and are waiting to be heard. Congressman Tom...
by admin | Feb 12, 2015 | Mortgages
Author: Brian Honea Five of the nation’s largest mortgage servicers will pay more than $123 million to 952 service members and their co-borrowers as part of a settlement with the U.S. Department of Justice over non-judicial foreclosures that violated the...
by admin | Nov 20, 2014 | Mortgages
By Levi Shultz Earlier today, the Federal Housing Finance Agency’seighth seminannual report stated that $353 million in criminal fines and restitution orders have been collected due to the OIG’s investigative efforts. Simultaneously, Reuters reported an accumulated...
by admin | Oct 28, 2014 | Homeownership, Mortgages
By Ben Lane The record-setting settlement between Bank of America(BAC), the U.S. Department of Justice, certain federal agencies and six states to resolve claims over toxic residential mortgage-backed securities is on hold due to political in-fighting at the...
by admin | Oct 20, 2014 | Homeownership, Mortgages
By Trey Garrison Clarifies lending liability in reps & warranties, increases LTV ratios Federal Housing Finance Agency Director Mel Watt announced a number of policy steps aimed at increasing mortgage credit availability at the Mortgage Bankers...
by admin | Aug 27, 2014 | Mortgages
By Brian Honea A report filed last week by the Office of Inspector General of the Federal Housing Finance Agency (FHFA) states that Freddie Mac and Ginnie Mae ignored “red flags” with regards to a mortgage fraud scheme perpetrated by lenders...
