Washington State Accuses Quicken Loans Of Deceiving Active Military Personnel & Veterans The state of Washington is charging Quicken Loans with targeting 35,000 active military personnel and veterans with deceptive mortgage offers. The Consumer Services Division of the Washington State Department of Financial Institutions claims that Quicken Loans falsely implied they were associated with the U.S. […]
New Rules For Reverse Mortgages Would Allow Non-Borrowing Partners To Remain In The Home FHA announced changes to its reverse mortgage program that would allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new guidance earlier this year allowing FHA-approved lenders to delay foreclosure proceedings against non-borrowing spouses. Non-borrower […]
Carmen Johnson Sentenced To 57 Months In Prison Followed By Five Years Of Supervised Release For Mortgage Fraud Carmen Johnson, 48, Gambrills, Maryland, was sentenced by U.S. District Judge George Jerrod Hazel to 57 months in prison followed by five years of supervised release for conspiracy, wire fraud and making a false statement on […]
Ocwen Robo-Witnesses Have No First-Hand Knowledge Of Homeowner’s Mortgage The law firm representing Deutsche Bank National Trust Company in a Florida foreclosure action are demanding that the homeowner’s attorney, Thomas Ice be removed from the case because Ice accused Deutsche Bank of using Ocwen Robo-Witnesses in foreclosure cases. Ice alleges the expert witnesses from Ocwen Financial, who […]
HSBC Stands Accused Of Breach of Contract And Concealing Defective Mortgage Loans In 283 trusts. On Monday, U.S. District Judge Shira Scheindlin ordered HSBC Holdings to face three lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34 billion of losses in the global financial crisis. […]
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