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Volume 22 - Number 10

May 9, 2011

DoJ, HUD Sue Deutsche Bank, MortgageIT, Eschew Admin.

The Department of Justice and the Department of Housing and Urban Development last week announced they had filed a civil mortgage fraud lawsuit against Deutsche Bank and its wholly owned subsidiary, MortgageIT, over some of its FHA lending practices...

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The Supreme Court recently decided that mortgage loan officers are entitled to overtime pay. How has this affected your shop?

It's a very big deal, but our company will limit OT pay or pay very little.
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