HECM Reverse Mortgage Rules Allow Non-Borrower Spouses Of Reverse Mortgage Borrowers To Remain In The Home FHA announced changes to its HECM Reverse Mortgage rules two years ago. Yet, many people are unaware that these changes in the HECM program allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new […]
Wells Fargo Home Mortgage Has A Secret Panic Code For MFI-Miami Foreclosure Clients It appears Wells Fargo Home Mortgage has a secret panic code assigned to MFI-Miami files. MFI-Miami servicing files get stamped with an “MFI” code when we request copies. I haven’t quite figured out what the “MFI” code means because we haven’t any issues getting […]
Accountant Cecil Sylvester Chester Used Fraudulent Loan Documents In $1.4 Million Straw Deal Scheme Accountant Cecil Sylvester Chester pleaded guilty today. Maryland prosecutors charged Chester for being involved in a fraudulent Baltimore straw deal. Chester used fraudulent loan documentation and straw purchasers on 7 properties. Lenders lost over $1.7 million to the scheme. U.S. Attorney […]
JPMorgan Chase Quits 5 1/2 Year Foreclosure Case I received some good news last week when I was getting ready to drive to Miami to testify at a foreclosure trial. My client’s attorney called to inform that JPMorgan Chase was throwing in the towel. JPMorgan Chase had filed a motion to voluntarily dismiss with prejudice […]
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 […]
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