Mortgage Bankers Say Mortgage Forbearance Decreased To 2.62%. Ginnie Mae’s Portfolio Finally Below 3% The Mortgage Bankers Association is saying mortgage forbearances are down .27%. They also stated that forbearance portfolio volume declined at the fastest rate in a year. This is in part to mortgage holders exit COVID-19 plans. Exits are expected to pick up […]
Mortgage Forbearances Down 27 Basis Points Read Post »
CFPB Fines American Advisors Group $1.3 Million For Reverse Mortgage Scam Involving Seniors! The CFPB has settled a lawsuit against reverse mortgage lender American Advisors Group (AAG) for $1.3 million. The agency accused AAG of sending consumers inflated home valuations. The federal lawsuit claims AAG sent borrowers deceptive and inflated home estimates in direct mailers.
American Advisors Group Reverse Mortgage Scam Alert! Read Post »
Did Delray Beach Commissioner Juli Casale Make False Statements To The Palm Beach County Commission On Ethics? It appears Delray Beach Commissioner Juli Casale dodged a bullet with the Palm Beach County Commission on Ethics in August. As a result, Casale can thank two people for helping her. First, she can thank the very capable
Did Commissioner Juli Casale Lie To The Ethics Commission? Read Post »
LoanDepot CEO Tony Hsieh Accused Of Trying To Push Garbage Loans To Investors And Running LoanDepot Like A Frat House A bombshell lawsuit alleges LoanDepot CEO Tony Hsieh of trying to dump garbage loans on investors. The suit alleges LoanDepot closed loans without the proper documentation. It also states this was done to increase LoanDepot’s
LoanDepot CEO Accused Of Pushing Garbage Loans To Investors Read Post »
Detroit Credit Repair Attorney Gary Nitzkin Suspended For 90 Days For Misleading Clients About Fees The Michigan Attorney Discipline Board has suspended the law license of Detroit Credit Repair Attorney Gary Nitzkin. The board suspended Nitzkin after they found he charged clients for credit repair services that he advertised as “free.” Gary Nitzkin must also
Detroit Credit Repair Attorney Gary Nitzkin Suspended For 90 Days Read Post »
