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The complaint exemplifies the Department of Housing and Urban Development’s focus on “fair servicing” in addition to fair lending.
May 1 -
Fannie Mae and Freddie Mac’s new limits on loans secured by investor properties and second homes may put pressure on applicants to misrepresent their occupancy status.
April 21 -
New entrants in the market may believe: “We’re doing everything right. Fraud isn’t a problem, and we have a fraud alert tool in place anyway.” This, of course, is exactly when fraud risk grows, warns Paul Harris of First American Data & Analytics.
March 29First American Data & Analytics -
While many lenders have verification processes and systems of record in place for their structured data, they lack digital solutions capable of addressing the volume of customer data from documents that create a broad area of vulnerability for them, writes Reggie Twigg, director of digital enterprise at ABBYY.
March 4ABBYY -
The rush to refinance led to more errors in January and the shift to more-risky purchase apps will add to lenders' fraud concerns going forward.
March 2 -
With extreme winter weather about to give way to ballooning insurance and mortgage forbearance claims in Texas, servicers will need to get through their pipelines with urgency while weeding out fraud.
February 25 -
The former executive at Lend America, who has remained out of prison since his 2011 guilty plea, will not be incarcerated for his acts.
January 20 -
The complaint unsealed Monday alleges three individuals and several companies they owned or controlled engaged in False Claims Act violations involving short sales of properties that had Federal Housing Administration-insured mortgages.
January 5 -
The accused, who also faces vehicle title and investment fraud charges, allegedly submitted falsified statements related to the payoff of an earlier mortgage when applying for a new one.
December 18 -
Economic instability during the quarter drove the increase in findings regarding income and employment, Aces Quality Management reported.
December 16