A Texas jury awarded the federal government $93 million in damages after finding entities under the Allied Home Mortgage brand liable for running an illegal net branching scheme and falsely certifying thousands of FHA loans, eventually causing huge losses for the FHA. The case was the first False Claims Act award related to FHA activity made by a jury. Although nearly all lenders have ended up settling FCA cases, Quicken Loans is still actively fighting FCA charges in a jury proceeding. The Department of Housing and Urban Development claims...

CFPB examiners will review a sample of servicing records for loans transferred within the previous year…

Refi specialists could be in for a word of hurt...

The bulk servicing market has been quiet lately. But all that could change soon...

Fannie Mae added: “Through these actions we have demonstrated our continued dedication to providing quality care to all communities. And we remain firmly committed to continuing to provide such attention to our REO properties moving forward.”

We know one mortgage official who bought “a bunch” of Fannie Mae shares at $1.38...

Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”

Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”

SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.

HUD decided to ease the HR rules in new guidance issued at the end of November...