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Home » Store » Taxable » Lenders Protected by Immunity When Reporting Fraud to MARI

Lenders Protected by Immunity When Reporting Fraud to MARI

$50.00
Taxable

Product Details

Mortgage lenders that report improper loan originations to the Mortgage Asset Research Institute are immune from lawsuits arising from such action, according to an Ohio state court. The court concluded that Flagstar Bank’s report to MARI regarding misrepresentations in the appraised value of property used to secure a loan is subject to “qualified immunity.” …
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