Digital Risk Hopes New Products Offset Mortgage Loss
The outgoing chief executive officer of Digital Risk LLC acknowledged that demand has waned for the mortgage service provider's products and said a new business line might revive revenues.
Dozens Laid Off at Digital Risk
Dozens of Digital Risk LLC employees in the Sunshine State are being let go as the company grapples with less business.
Risk of Identity Mortgage Fraud Intensifies
There was no quarterly change in the risk of mortgage fraud across the country. But likely instances of perpetrators hiding their identity worsened.
New Jersey Mortgage Fraud Cases Fit For a Movie
Three mortgage fraud cases out of New Jersey -- one involving a former mayor, another involving a mob accountant and a third involving a reality TV star -- are the stuff of movies.
Indictments Handed Down in Massive FHA Fraud Case
The owner of a mortgage company -- along with loan originators, other employees and real estate developers -- have been indicted in a huge case involving government-insured mortgages.
Fannie Requiring Seller-Servicer Employee Screening
Prospective employees of companies that are approved Fannie Mae sellers or servicers will need to be screened for exclusion from a regulatory list.
Mortgage Broker Headed to Jail
A former mortgage broker in Pennsylvania has been sentenced to more than three years in prison for duping wholesale lenders.
Rock Star Loses Appeal in Lawsuit Against Chase
A federal appeals court has upheld a foreclosure by JPMorgan Chase Bank, N.A., on a home owned by a former classic rock star.
Citi Sues Former Owners of Defunct Mortgage Lender
CitiMortgage Inc. is suing the former owners of a defunct mortgage banker alleging that it was defrauded on several loans it acquired from the lender.