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Mortgage company follows Quicken Loans downtown

July 25, 2010 by admin · Leave a Comment 

One Reverse Mortgage LLC, the nation’s third largest reverse mortgage lender, will relocate its headquarters from Livonia and join its sister companies, Quicken Loans, Fathead and In-House Realty, in downtown Detroit.

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Mortgage company follows Quicken Loans downtown

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Mortgage fraud cases soar

July 21, 2010 by publisher · Leave a Comment 

Mortgage fraud investigators in Tampa lead the nation for pending cases, according to the FBI’s Year in Review report.

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Mortgage fraud cases soar

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Erie mortgage-fraud defendant looks to have sentenced reduced or thrown out

July 21, 2010 by publisher · Leave a Comment 

Former mortgage office manager Francis R. Conti is serving nearly three years in federal prison in relation to a widespread Erie mortgage-fraud scam.

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Erie mortgage-fraud defendant looks to have sentenced reduced or thrown out

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Mortgage CEO charged with fraud

June 16, 2010 by admin · Leave a Comment 

WASHINGTON — The former chairman of a large mortgage lending company has been charged in a $1.9 billion fraud scheme that contributed to the failure of Colonial Bank, one of the nation’s 50 largest banks before it was seized by regulators last year, the Justice Department said Wednesday.

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Mortgage CEO charged with fraud

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CMHC Forecasts 15% Drop in Mortgage Debt Sales: Canada Credit

June 7, 2010 by admin · Leave a Comment 

June 8 (Bloomberg) — Canada Housing Trust, the financing arm of the nation’s housing agency, may sell about 15 percent less debt this year as higher interest rates and sales taxes slow the rate of mortgage purchases.

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CMHC Forecasts 15% Drop in Mortgage Debt Sales: Canada Credit

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Senate votes to ban certain bonuses for mortgage brokers, loan officers

May 12, 2010 by · 1 Comment 

The legislation prohibits payments for signing borrowers to higher interest rates and more onerous terms than those for which the borrowers were qualified. The U.S. Senate voted Wednesday to ban certain bonus payments to mortgage brokers and loan officers, cutting off what experts have called one of the key causes of the nation’s mortgage meltdown.

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Senate votes to ban certain bonuses for mortgage brokers, loan officers

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Opposition pushes Tories to boot MP named in mortgage-fraud suit

May 6, 2010 by · Leave a Comment 

Opposition MPs demanded Thursday that a Conservative MP named as a defendant in a massive mortgage scam sit as an independent until his name is cleared.

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Opposition pushes Tories to boot MP named in mortgage-fraud suit

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Former CMHA building inspector indicted in mortgage fraud case

May 6, 2010 by · Leave a Comment 

A Cuyahoga Metropolitan Housing Authority inspector and other new defendants have been added to what Cuyahoga County prosecutors bill as the nation’s biggest mortgage fraud cases.

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Former CMHA building inspector indicted in mortgage fraud case

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Direct-only mortgage deals rise to over 50% of market

April 30, 2010 by · Leave a Comment 

Defaqto recently launched a new banking report, which highlights the growth in direct-only mortgage products. It says that the growth in direct-only products places mortgage brokers at a disadvantage.

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Direct-only mortgage deals rise to over 50% of market

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Report: Maryland mortgage fraud eased in 2009

April 30, 2010 by admin · Leave a Comment 

Maryland again had one of the highest rates of mortgage fraud in the nation last year, but the rate was lower than in 2008, according to a report released this week by the Mortgage Asset Research Institute.

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Report: Maryland mortgage fraud eased in 2009

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