The Foreclosure-gate scandal appears to be having a real effect on loan closings — at least for some mortgage bankers. John Walsh, CEO of Total Mortgage Services in Milford, Conn., told us the other day that Connecticut's 60-day moratorium on foreclosure sales has caused his firm to scuttle closings scheduled for last week and this week. "The unintended consequence of this is that some people won't get to buy houses," he said. "This is not a good situation," he told us. Walsh said Connecticut is the only state to issue a moratorium on foreclosure-related home sales…
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The move is aimed at bringing additional mortgage servicing rights and investment expertise to the technology company and its capital markets division.
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The borrower allegedly forged a VA document that claimed exempt-free status, leading the lender to mistakenly cover the cost on his behalf, prosecutors said.
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The deal wraps up the transformation efforts Radian announced when it agreed to acquire specialty insurer Inigo and divest the non-mortgage insurance units.
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In a Facebook post last week, CEO Mike Kortas offered loanDepot loans officers who switch over to NEXA a one year membership for Nexa100 and a signing bonus.
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Indiana lawmakers are considering two more far-reaching property tax reforms before Senate Enrolled Act 1 has even been fully phased in.
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Sen. Elizabeth Warren and other senators sent a letter to six insurers challenging their use credit-based insurance scores to determine risk-based pricing.
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