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A Virginia businessman who participated in an elaborate fraud scheme that led to Bank of Commonwealth’s collapse has been sentenced to 14 years in federal prison.
October 17
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Oklahoma has issued the first compensation checks to residents who lost their homes after lenders assured them their loans would be modified.
October 17
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Lender Processing Services has reached a settlement with the Delaware attorney general related to the state’s investigation of robo-signing practices by the company’s subsidiary DocX.
October 17 -
Sheila Bair believes Harvard professor Elizabeth Warren would make a fine U.S. senator and doesn't understand why bankers vilify her so much.
October 16 -
Case involved recruiting of a manager and staff in MortgageNow's Destin, Fla., office by Guaranteed Home.
October 16
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A group that represents loan officers is holding out hope that "dual compensation" will be allowed on all mortgage transactions.
October 16 -
Commercial real estate finance company iStar Financial has obtained a $1.82 billion senior secured credit facility.
October 16 -
The Department of Justice is continuing to pursue Federal Housing Administration lenders for past underwriting sins in an effort to hold them accountable and produce sizable settlements to bail out the government’s mortgage insurance fund.
October 16
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A California state agency has redesigned a residential program to fund green upgrades for commercial buildings.
October 15
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Steven R. Hinz pleaded guilty Oct. 12 to tax fraud and mortgage fraud charges in Cleveland federal court, according to the Justice Department and Internal Revenue Service.
October 15
