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All post-closing reviews of new Federal Housing Administration-insured mortgages must now use the defect taxonomy, effective immediately.
May 16 -
To address an unintended consequence of the TILA-RESPA integrated disclosures, California regulators are making it easier for lenders to prove compliance with rules limiting interest charges on mortgage closings that take more than one day.
May 15 -
Kentucky has a property problem and Henderson is no exception. Some property owners let their grass grow past 10 inches. Unsafe structures are not secured or boarded up. The list or problems goes on.
May 8 -
Citing a pattern of "bad-faith harassment, retaliation and fraud" against rent-controlled tenants, a San Francisco Superior Court Judge has ordered a landlord to pay the city nearly $2.4 million in penalties for violations of state housing law.
May 3 -
For Twin Cities real estate agents, the gravy train was easy to catch.
May 2 -
Mortgage Bankers Association President David Stevens is confident that housing finance reform will move forward under the Trump administration, but criticized calls to simply let the government-sponsored enterprises recapitalize and be returned to shareholders without additional reforms.
May 1 -
Jesse Litvak was sentenced to two years in prison and fined $2 million after he was convicted a second time for lying about mortgage-backed securities prices.
April 26 -
Congressional action is necessary to give financial regulators the tools they need to promote responsible innovation.
April 25
U.S. House of Representatives -
American Financial Network has agreed to pay $5,000 to an unnamed person of Hispanic origin to settle a Fair Housing Act claim.
April 20 -
Love 'em or hate 'em, the mortgage business is full of jargony abbreviations. Test your mortgage knowledge on these key industry terms.
April 13 -
PNC has agreed to pay $16 million to settle a federal overtime lawsuit filed by current and former mortgage loan officers, according to court documents.
April 12 -
Former Jefferies & Co. Managing Director Jesse Litvak says he should be spared prison when he is sentenced later this month following his conviction of a single count of fraud.
April 11 -
United Shore Financial Services has agreed to pay a total of $1.4 million to consumers and California regulators to settle allegations it collected interest payments it was not entitled to.
April 10 -
Bank of America was told to pay a $46 million judgment last week after it wrongfully foreclosed on a Lincoln, Calif., couple during the recession.
March 29 -
On the long list of those who profited from the misery of the Atlanta-area foreclosure crisis, you can add the name of Clifford Wayne Hill.
March 29 -
Deutsche Bank is finding that there just isn't enough soured U.S. mortgage debt anymore.
March 29 -
Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.
March 28 -
It took more than four years before David Bruns was caught stealing from the Montgomery County, Ohio, Prosecutor's office.
March 24 -
A federal jury has convicted two businessmen on multiple bank fraud charges related to falsifying loan documents to postpone foreclosure on a parcel of land in Aurora, Ill., worth nearly $2 million.
March 21 -
Bank of America has completed its legal settlement obligation with the Department of Justice to provide $7 billion in consumer relief nearly two years ahead of schedule.
March 20





