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Kevin Derricott of Rocklin, Calif., now faces 20 months in prison for his role in a scheme to defraud lenders out of millions of dollars.
July 10 -
The Financial Stability Oversight Council unanimously voted Tuesday to designate American International Group and GE Capital as systemically important financial institutions.
July 10 -
Volatile interest rates have been pressuring down mortgage REIT portfolio values leading to historically low quarter earnings not likely to improve until 2014.
July 10
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Global DMS said its valuation management software has been integrated with DataQuicks collateral validation analytics solution.
July 10 -
GreenPoint Mortgage Funding was sued over about $400 million in losses on mortgage-backed securities by investor trustee U.S. Bancorp.
July 10 -
The Mortgage Bankers Association succeeded in getting a U.S. appeals court to overturn a Department of Labor interpretation that mortgage loan officers are entitled to overtime pay.
July 10 -
Rising rates, and for FHA loans the mortgage insurance premium change, have pushed many New York loans above the subprime threshold and stalling the market as a result.
July 9 -
Republican members of the House Financial Services Committee expressed concern this morning that the Consumer Financial Protection Bureau is collecting personal purchasing information on tens of millions of Americans in contravention of privacy requirements contained in the Dodd-Frank Act.
July 9 -
We're hearing from law firm ReedSmith that the upcoming 100-mile Pennsylvania restriction on how far a mortgage originator may live from his or her office raises some questions.
July 9
National Mortgage News -
A $36 million mortgage fraud scam run by Jack Coppenger in Ohio and Florida has resulted in a 10-year prison sentence.
July 9
