Herman Thordsen

Herman Thordsen is the principal and senior attorney of the firm which has been in existence since 1972 and his practice includes defense of those accused of mortgage fraud, real estate, foreclosure issues, buy-back demands or loss reimbursements lawsuits requested by mortgage lenders, FDIC, and others. Thordsen's articles cover a range of topics involving laws, cases and regulations as interpreted by state and federal courts, as well as the California Department of Corporations, Nevada Mortgage Lending Division, other state's regulators and the United States Department of Housing and Urban Development including issues on RESPA, TILA, Reg Z, and criminal indictments for mortgage loan fraud. The firm represents those charged with mortgage loan fraud in federal courts.

Recent Stories From this Author

Maybe You Should Think About Being a Mini-Correspondent
April 11, 2014 But be aware of the business and regulatory risks associated with closing loans in your own name.

Another Defendant Sentenced in Crisp and Cole Case
April 4, 2014 Unlicensed loan processor gets over six years in federal prison for his actions.

Some More Info on the Mortgage Loan Officer Definition
March 28, 2014 Be aware that the amount of borrower paid compensation cannot exceed the lender paid compensation.

Tenth Person Pleads Guilty in New Jersey Mortgage Fraud Scheme
March 21, 2014 The former Wells Fargo Home Mortgage loan officer faces up to 30 years in prison for his role in the conspiracy.

Lenders Have Risky Information Sharing Practices:Study
March 14, 2014 A cybersecurity firm claims many large and small mortgage lenders are being careless with customers’ personal and financial...

Man Gets Nearly 18 Years in Jail for Mortgage Fraud
March 6, 2014 Carl Cole was sentenced for his role in a $30 million scam in the Bakersfield, Calif. market.

CFPB Cracking Down on Servicers
February 27, 2014 Also, loan officer compensation trial victory for Prospect Mortgage and employment contract news.

New CFPB Disclosure Booklets
February 21, 2014 Lenders must give these to consumers who apply for home equity lines of credit and adjustable rate mortgages.

Helping Borrowers Read Their Servicing Statements
February 13, 2014 Finding a compliance mistake is likely to endear you to them and help drive referral business.

Mortgage Frauder Gets Over 81 Years in Prison
February 6, 2014 Hendrix Montecastro and his mother were both convicted in a $142 million scheme.

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