HUD Nails Florida Company with Discrimination Charge. The Department of Housing and Urban Development charged a Florida company and its owners with housing discrimination for intentionally targeting Hispanic homeowners in a predatory mortgage modification scheme that increased, rather than decreased, their risk of foreclosure. HUD filed charges of discrimination under the Fair Housing Act against Advocate Law Groups of Florida and owners Jon B. Lindeman, Jr., and Ephigenia Lindeman. The defendants allegedly ran a deceptive advertising campaign for loan modification that aired on Spanish-language radio and television throughout Florida. Homeowners were offered $500 gift cards as an enticement to sign for a loan modification. Ginnie Mae MBS Outstanding Increases. Ginnie Mae mortgage-backed securities issuance totaled $38.9 billion in August, raising its ...

First Alliance issued a statement calling the license idea a “desperate revenue grabbing” practice.

The agency specifies that a two-year testing period would be the norm.

Dealmakers, including Mark Garland of MountainView Financial Solutions, expect a flurry of activity this fall.

On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.

Kentucky product dominates the portfolio at 98.9 percent. Ohio is a distant second…

The latest CFPB supervisory highlights report found violations in the loss mitigation process and some foreclosure practices which officials determined are unfair or deceptive acts or practices. The report released earlier this month is the first one since Acting CFPB Director Mick Mulvaney took the reins of the agency. The most recent supervisory highlights report was the summer 2017 edition issued a year ago. Attorneys said the report indicates that the supervisory ...

If all goes well, the net proceeds will total $20.25 million.

It may be hard to fathom, but Fannie and Freddie once played with very sharp elbows…

With nonbanks dominating Ginnie Mae’s single-family MBS program, liquidity is an important factor in the issuance and servicing of Ginnie MBS and has been the agency’s focus in recent years.