We acquire land parcels pursuant to purchase agreements that are often structured as option contracts. Such option contracts require us to pay non-refundable deposits, which can vary by transaction,
Wilbur Ross’s mortgage company faces servicing suits Billionaire Wilbur Ross’s American Home Mortgage Servicing Inc. facing lawsuits by attorneys general in two states was sued by a homeowner who accused the firm of using tactics that lead to.UNC director says data supports Occupy Our Homes dismay Laura Bryan, director of the city’s new Department of Transportation, says Mayor LaToya Cantrell’s administration is “playing an active role in encouraging this new industry.” The scooters occupy a.
The high share of non-bank lenders in FHA and VA lending. 2.1 Non-banks in the U.S. residential-mortgage market.. loss, of course, if they can show that the originator or issuer violated the guidelines of their. sale of mortgage servicing rights from loan portfolios (see resolution trust corporation,
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x Indicate by check mark if the registrant is not required to file.
U.S. Bank N.A. on Monday agreed to a $200 million settlement with the U.S. Department of Justice over allegations that it originated and underwrote thousands of mortgages that failed to meet.
MetLife to Pay $123 Million to Resolve Claims of Lending Violations on Loans Backed by FHA, HUD in Daily Dose , Featured , Government , News February 26, 2015 3,793 Views
Zillow and Trulia continue to set records With each passing month, the giants of online real estate continue to break records for web traffic. In June, both Trulia (TRLA) and Zillow (Z) set records for unique visitors. That follows.
US Bancorp pays $200M to resolve FHA mortgage-lending violations The first thing you learn as a new fha mortgage borrower is that you can’t apply for an FHA loan at just any bank. The FHA must approve lenders to offer FHA loans, FHA refinancing and homeowner bailout programs.
The Consumer Financial Protection Bureau’s (CFPB) exercise of its sweeping authority to prohibit unfair, deceptive, and abusive acts or practices (UDAAP) continues to command the attention of.
Mortgage servicers handle loan modification applications from homeowners. Unfortunately, servicers sometimes make serious errors when processing modification requests. This can cause a number of problems for a homeowner, like missing out on getting the loan modified or even a wrongful foreclosure.. Read on to learn about the most common servicer violations when it comes to loan modifications.
MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve alleged federal housing administration (FHA) mortgage lending violations, the Department of Justice recently announced. The violations did not involve reverse mortgage loans, the Department of Justice confirmed.
US Bancorp pays $200M to resolve FHA mortgage-lending violations. U.S. Bancorp has agreed to pay the United States $200 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements, the Justice Department announced Monday.