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Some of the largest mortgage servicers are still fabricating documents that should have been signed years ago and submitting them as evidence to foreclose on homeowners.
September 1 -
The Securities and Exchange Commission believes that mortgage real estate investment trusts are beginning to look more like mutual funds and has initiated a review of their exemption from the Investment Company Act.
August 31 -
Congress begins its fall session on Tuesday and lawmakers will have only a few weeks to act before the authority of the Federal Emergency Management Agency to issue new flood insurance policies expires on Sept. 30.
August 31 -
Municipalities are increasingly holding mortgage securitization trustsliable for the upkeep of properties, which could affect investors'cashflows, according to a new report from Moody's Investors Service.
August 30 -
Even if the White House can pull off a large scale refinancing program to help troubled homeowners it likely won't help the mortgage insurance industry much, according to a new report from FBR Capital Markets.
August 30 -
The percentage of early defaults on FHA-insured loans originated by MortgageIT “skyrocketed” after it was acquired by Deutsche Bank in 2007, according to an amended complaint filed by New York U.S. Attorney Preet Bharara.
August 29 -
Freddie Mac's fraud investigation unit is reaching out to Realtor associations and real estate agents to educate them about how to prevent fraudulent short-sale activities from taking place.
August 29 -
Credit Suisse and the real estate firm Cushman & Wakefield are being sued by two resort developers for fraud and RICO conspiracy charges.
August 29 -
A real estate agent from Brooklyn, N.Y., has been indicted for participating in a mortgage fraud scheme where he obtained more than $50 million in loans from several banks and lenders.
August 29 -
A new integration into the Mortgage Builder loan origination system allows users to order CoreLogic income verification services directly from the LOS.
August 29
