Supreme Court Deals Blow to GSE Investors
The Supreme Court has denied a request by speculative investors in the government-sponsored enterprises to reconsider a case against the government. The decision could open the door to an initial public offering.
Frmr Trump Campaign Chair Accused of Mortgage Fraud
The former chairman of President Donald J. Trump's presidential campaign has been accused of mortgage fraud.
Jury Convicts Former Judge of Mortgage Fraud
A federal jury has found a former judge guilty of mortgage fraud. The conviction comes less than a month after a loan originator agreed to testify against her.
C-Suite Guilty Pleas at Defunct Mortgage Banker
Guilty pleas have been given by two of three former top executives of defunct mortgage banking firm who are accused of defrauding warehouse lenders on nearly $9 million in draws.
Walter Investment Emerges from Bankruptcy
Walter Investment Management Corp. has successfully emerged from bankruptcy. The surviving organization is a restructured entity with a new name for the parent.
Name Change Ahead for Walter Investment
In addition to changing its chief executive officer, Walter Investment Management Corp. will change its name. The company has updated the date it expects to emerge from bankruptcy.
LO Allegedly Used Own Bank Statements on FHA Loans
A New Jersey loan officer is accused of altering his own personal banks statements to use for prospective borrowers on over 20 government-insured mortgages.
CEO Leaving Bankrupt Walter Investment
Walter Investment Management Corp., which revealed that it will linger longer in bankruptcy than originally planned, has disclosed the upcoming departure of its chief executive officer.
Deutsche Bank, Ocwen & Altisource Sued
A federal lawsuit has been filed against Deutsche Bank and affiliates, Ocwen Financial Corp. and Altisource Portfolio Solutions Inc.
Former Fannie Employee Accused of Taking Bribes
A former Fannie Mae employee has been charged with taking bribes on real-estate owned properties. It's the second time an employee from the same office has been accused of such crimes.
CEO of FHA Mortgagee Criminally Charged
A man who was the chief executive officer of a home lender is accused of providing forged financial states in order to keep his Federal Housing Administration approval.