New Hampshire Man Found Guilty of VA Loan Fraud December 29, 2021 Monica Hogan Evidence at trial showed the defendant used fraudulent means to apply for roughly $8 million in loans...Read More
In Counterclaim, Equity Prime Levies Allegations Against Carrington December 29, 2021 Paul Muolo Equity Prime's lawyers are going to be busy in the new year...Read More
The Debt Wheel Keeps Spinning for Mortgage Firms December 29, 2021 Paul Muolo The cost of money, however, for these lenders is starting to inch up. Then again, not everyone can borrow as cheaply as Rocket Companies...Read More
FHFA Continues to Focus on Appraisal Bias December 29, 2021 Dennis Hollier The centerpiece of a new report is a list of 18 specific examples, some of which are outright illegal.Read More
Aurora Remains Confident in Better.com. However… December 28, 2021 Paul Muolo In the first paragraph of the new 8-K, AAC told its shareholders Better founder and CEO Vishal Garg is presently taking a “break to reflect and refocus”...Read More
The Fed: Borrowers Benefit From An Increase in Nonbank Share December 28, 2021 Dennis Hollier Fed researchers found that a one-standard-deviation increase in market share led to an 18% reduction in mortgage complaints against nonbanks...Read More
GSE Seller Repurchases Ratchet Higher in Third Quarter December 28, 2021 John Bancroft As of September, 2021 already represented the highest annual buyback total — which includes indemnifications as well as repurchases — since 2014.Read More
Credit Unions Get the Right to Buy MSRs. However... December 23, 2021 Brandon Ivey The regulatory development sounds interesting, but there are a few strings attached...Read More
FHFA Sets GSE Housing Goals for Coming Years December 23, 2021 Dennis Hollier The single-family goals didn't change from the FHFA's initial proposal while the multifamily goals will be limited to 2022 due to industry concerns.Read More
FTC Orders Mortgage Analytics Firm to Improve Data Security December 23, 2021 Brandon Ivey Ascension Data & Analytics neither admitted to nor denied the allegations, which were first detailed by the FTC a year ago.Read More