Mortgage Industry Relies on Amicus Briefs
An amicus brief is (generally) an appellate brief filed on behalf of an entity or group that is not a party to the appeal, but whose interest will be significantly affected by the court's decision.
Overcoming Statute of Limitations in Foreclosures
Challenges to mortgage lenders and servicers' right to foreclose based on the expiration of the statute of limitations are rapidly increasing in the Pacific Northwest and Southwest regions.
Former USDA Loan Officer Arrested for Loan Fraud
A former loan originator for the U.S. Department of Agriculture is accused by the Department of Justice of accepting bribes to commit loan fraud.
Walter's Mortgage Originations to Keep Falling
Single-family loan originations moved lower for the third consecutive quarter at Walter Investment Management Corp., and a further decline is likely. The company set a target date for bankruptcy.
Mortgage CFOs, CIOs and Presidents Appointed
Several recent C-Suite appointments within the mortgage industry were peppered with a host of mid-level manager hirings and promotions. Impacted departments include warehouse lending, information technology and sales. One company's chief legal counsel is stepping down.
Monthly Consumer Bankruptcy Filings Worsen
There were fewer consumers last month who resorted to the U.S. Bankruptcy Courts for relief from their creditors. Alabama had the highest rate of bankruptcy.
RBS Settles Mortgage-Related Securities Charges
RBS Securities Inc. has reached a settlement with the government over allegations it deceived customers on mortgage-related securities transactions.
Bankruptcy Planned for Walter Investment
Amid ongoing losses, a deal reached with its creditors has Walter Investment Management Corp. filing a pre-packaged bankruptcy.
Criminal Charges Dropped Against Bank But Not Execs
Criminal charges against a bank that took money from the Troubled Asset Relief Program have been dropped. But former executives still stand accused.
Former Owner of Mortgage Servicer Pleads Guilty
The former owner of a defunct mortgage servicer has admitted that he stole money from payments made by borrowers.