A former Ameriquest Mortgage employee has pleaded guilty to stealing the personal identification information of nearly 100 victims and using that information to obtain money and other items. In his plea agreement, Jason Alan Tauer of Robbinsdale, Minn., admitted stealing the files of 93 people who had made mortgage applications to Ameriquest Mortgage where he worked as a mortgage assistant from March 15 through April 29, 2005. Tauer was indicted late last year and charged with two counts of bank fraud, one count of access device fraud and three counts of aggravated identity theft. The now-defunct Ameriquest was based in Orange, Calif.
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The combination adds to a wave of broader merger and acquisition activity that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors
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The litigants, with some of the industry's deepest pockets, may be filing the rare cases to flag and potentially punish bad brokers, one expert said.
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Mordor Intelligence expects the manufactured homes market size to expand from $28.5 billion in 2025 to $30.5 billion this year, its latest report found.
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Fannie Mae and Freddie Mac's support for the market lessened the impact, as could bank capital reform, and the company's normalized results outperformed.
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Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years.
May 1 -
More than three-quarters of brokers are using popular AI platforms, but application of lender-specific software lags considerably, according to AD Mortgage.
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