Movement Movement Has Settled With The Feds For $24 Million Over Allegations Of Underwriting Fraud On Government Loans Movement Mortgage has settled with the federal government for $23.75 million. The settlement is came after the government accused the lender of underwriting fraud. The government alleged movement improperly originated and underwrote mortgages insured by FHA and […]
loanDepot Is Suing Movement Mortgage In Delaware Federal Court For Poaching Loan Officers loanDepot is suing Movement Mortgage In Federal Court. The company is accusing competitor Movement Mortgage of damaging its business by poaching it’s employees. The company alleges Movement Mortgage poached over 25 employees in three months. Thus, loanDepot found itself “effectively crippling” with “now-depleted” branches. […]
UWM Announces Major Expansion Of Its Popular Bank Statement Loan Programs. Pontiac, Michigan based lender UWM Announced Wednesday that it intends on expanding its bank statement loan program. The plan is to provide additional flexibility and opportunities for independent mortgage brokers and self-employed borrowers. The UWM program will allow borrowers to use their bank statements […]
CFPB Reports Show Data That Most Pandemic Mortgage Forbearances Prior To March 2021 Are Current Or Are Closed CFPB Reports shows good news for homeowners with mortgage forbearance in March 2021. Homeowner in forbearance were either current or had their forbearance closed as of March 2023. The CFPB Office of Research released data confirming the […]
The New York FAPA Law Gives New York Homeowners The Ability To Body Slam Their Lenders In A Foreclosure! The New York FAPA Law (Foreclosure Abuse Prevention Act) went into effect on January 1st. FAPA was created because judges across New York were fed up with lenders abusing the New York court system. As a […]
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