Flagstar Reduces Size of Mortgage Business
Residential loan production declined at Flagstar Bancorp Inc. as mortgage assets were reduced and mortgage staffing was trimmed. While the servicing portfolio expanded, it was still far leaner than a year ago.
LO Sues for Millions in Unpaid Commissions
A federal judge has denied a lender's motion to dismiss a lawsuit alleging a loan originator is owed millions of dollars.
LOs Who Lose Licenses Get Licensed in Other States
Mortgage loan originators accused of mortgage fraud in one state are finding that they can still originate loans for borrowers in other states.
Former Officials of Failed $2.7 Billion Bank Sued
Former directors and officers of a failed $2.7 billion bank are being sued for loans they made and rules they broke while at the helm of the financial institution.
HEL Business Continues Higher at BofA
Bank of America Corp., which reported a big loss on mortgage litigation expense, managed to lift home-equity production even as overall originations moved lower.
Former Officials at 2 Failed Banks Sued by FDIC
Diverse Topics Tackled at Upcoming Mortgage Events
Two lawsuits recently filed by the Federal Deposit Insurance Corp. bring to 23 the number of failed Georgia banks that have seen former officers and directors sued during the past three years.
Topics being covered at upcoming mortgage conferences include bankruptcy, secondary marketing and loan servicing. Diversity is the focus of one event.
Underwriter Wins Appeal in Overtime Lawsuit
A federal appeals court has brought a mortgage underwriter's lawsuit back to life after the case was dismissed more than two years ago.
FHFA Reaches Settlement With Chicago
A settlement between the city of Chicago and the Federal Housing Finance Agency puts lingering issues to rest.