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Most Popular July
Mortgage Industry News

Ameriquest Overcharge Accusations Settled
Leading subprime lender Ameriquest Mortgage Co. has agreed to pay up to $50 million to settle a class action suit that accused the California-based company of, among other things, charging excessive fees.
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NovaStar Restructures Wholesale Unit
A shakeup at NovaStar Financial's wholesale lending unit has led to the exit of several managers.
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Georgia Broker Loses License
Hiring a convicted felon has cost a Georgia mortgage broker its license.
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Meltdown for Jumbo Fraud Suspect
A New Jersey woman arrested for her part in a jumbo mortgage fraud scheme threatened FBI agents with a butter knife as they arrested her, then rambled during a federal court appearance.
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Fraud Insights at
Papers in Florida are reporting that the accountant who said everything was fine at the bankrupt mortgage company had once lost his license because of bad audits.
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Unlicensed CA Broker Steals Loan Proceeds
A California mortgage broker is accused of originating loans for World Savings Bank without a license -- then keeping borrowers' loan proceeds for himself.
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Processor Stole, Used Applicants' IDs
Because of what they do, mortgage loan processors have access to a lot of personal information -- names, birthdates, Social Security numbers and more.
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BoA, Countrywide Making Major Acquisitions
A pair of acquisitions announced today have two mortgage giants heading in different directions.
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Biggest Mortgage Lenders
A preliminary analysis of second quarter mortgage production has one lender ranking No. 1 in both total residential fundings and nonprime fundings.
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Originating A-Z
A loan originator turned author has written an Internet book he says will teach mortgage professionals everything they need to know about writing loans and succeeding in the mortgage business as a loan officer.
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Sales Insights at
A lot has been said about the correlation of sales and emotions; and the significance it plays when meeting with customers.
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Future of Mortgage Banking Firm at Stake in Divorce Battle
Bryan Feldman walked into a Las Vegas branch office of American Equity Mortgage Inc. on June 30, ready for a tough, but exciting day at work.
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Sam Garcia
Mortgage Industry News

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