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The National Association of Independent Housing Professionals said it has a meeting scheduled for Tuesday with the Federal Deposit Insurance Corp. to discuss the issue of loan buyback claims being forced upon mortgage brokers.
August 9 -
Fannie Mae, in a new quarterly filing, says it is receiving "higher amounts" from lenders on loan repurchase requests while its pipeline of buyback claims on defaulted mortgages continues to grow.
August 9 -
In the mortgage industry, lenders and servicers are not the only parties who have to comply with federal rules and regulations. Title agents and brokers have to follow the rules, and if they don't adhere to the laws, their new home is going to be inside a prison.
August 8 -
A title company owner in Baltimore has been sentenced to serve four years in jail for scamming lenders and homeowners of more than $2.2 million.
August 8 -
The Securities Investor Protection Corp. urges consumers to be aware of a "phishing" scam where individuals are pretending to be SIPC agents in order to collect money from investors.
August 8 -
Michele SimmsParris sued Countrywide Financial Corp. and Countrywide Home Loans under the Fair Credit Reporting Act to recover for the reporting of what she asserts was false information about her mortgage repayments.
August 8
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Wipro Gallagher Solutions added an integration to Fannie Mae’s EarlyCheck, a tool that allows lenders to run pre-closing quality control checks on mortgage applications, to its NetOxygen loan origination system.
August 8 -
The chief executive of a major real estate brokerage firm is urging President Obama to hold a White House summit to gather recommendations and ideas on how to stimulate the housing market.
August 8 -
CMBS delinquencies in the U.S. have reached a new record high as a result of a slew of new late-pays along with below-average loan resolutions last month, Fitch Ratings analysts said.
August 8 -
American International Group plans to sue Bank of America along with a host of other prominent financial institutions as the insurer seeks to recover losses on mortgage backed securities, according to a report in The New York Times.
August 8
