2nd FHA Settlement for MA Mortgage Banker
For the second time in five years, a Massachusetts mortgage banker has agreed to settle allegations that it didn't follow Federal Housing Administration guidelines.
Implications of PHH v. CFPB Decision
The attorney who represented PHH Corp. in its lawsuit against the Consumer Financial Protection Bureau talked about the implications from last week's appellate court decision.
Mortgage-Related Conventions Happening
Although one mortgage conference was canceled due to the recent hurricane, another is set to start next week. Several events are targeting banking executives.
Mortgage Industry Wins Huge Legal Battle With CFPB
A federal appeals court has ruled in favor of PHH Corp. in an action challenging a Consumer Financial Protection Bureau order and its structure.
FHA False Claims Settlements for UT Mortgage Firms
A pair of Utah mortgage firms have agreed to settle for nearly $10 million allegations they violated the False Claims Act on government-insured loans.
Bigger Drop in Fraud Risk on Gov Apps than Conv
Last month, potential fraud on new residential loan applications was no different than in July. A decline in risk on conventional applications was exceeded by the decline on government transactions.
Web-Based Solutions for Mortgage Compliance
Web-based services have been launched and improved to help mortgage companies comply with a host of regulations. Meanwhile, one mortgage service provider has partnered with another to help home lenders survive an examination.
Wells Fargo Reaches Settlement in Robocall Case
Wells Fargo & Co.'s banking subsidiary has agreed to settle allegations that it violated federal law on telephone calls made in connection with home loans.
Regions Bank Settles False Claims Act Allegations
Regions Financial Corp.'s banking subsidiary has settled allegations that it approved government-insured mortgages that didn't meet underwriting guidelines.
Mid America to Acquire Delinquent FHA Mortgages
Mid America Mortgage Inc. has revealed plans to begin acquiring delinquent loans that are insured by the Federal Housing Administration.