Alleged HECM Scheme Settled
The federal government has negotiated a settlement with a man who is accused of abusing the federally insured reverse mortgage program.
RMBS Investors Face New Risk From Clean-Up Calls
An unexpected move last month by a residential mortgage-backed securities trustee has created new risk for investors in non-agency deals issued prior to the financial crisis.
Quicken Loans Loses Class Action Appraisal Lawsuit
Quicken Loans Inc. has lost a class action in which it was accused of suggesting values to appraisals. But the mortgage giant expects to be vindicated on appeal.
Wells Fargo Sued Over Rate Lock Extension Fees
A former employee of Wells Fargo & Co. has filed a federal lawsuit alleging the lender wrongfully charged customers for rate-lock extension fees.
RBS MBS Settlements Exceed $7 Billion
A massive settlement reached by the Royal Bank of Scotland Group plc brings to more than $7 billion the amount the bank has paid in actions related to mortgage-backed securities.
Phishing Scams Target Prospective Borrowers
Federal agencies are warning about a scam that targets prospective borrowers who are about to close on their home loans. It's similar to a scheme being used on job seekers.
Another Settlement for Prospect Mortgage
Just months following a settlement over illegal fees paid to an appraisal affiliate, Prospect Mortgage LLC has agreed to a settlement tied to government-insured loans.
Over 70 Mortgage-Related Events Through End of Year
More than 70 events tied to home lending and financial services are scheduled through the end of this year. Topics to be covered include banking, bankruptcy and technology.
Ugly House Buyer Deceives Investors
The guilty plea of a former franchise owner of We Buy Ugly Houses has prompted the company to issue a statement condemning the real estate fraud.
LO Busted for Reverse Mortgage Fraud
A loan officer who originates reverse mortgages has been charged with committing mortgage fraud and not completing promised home repairs.