For some niche players in the financial markets, the economic debacle and mortgage meltdown have been absolute boons. One big winner is little-known Lender Processing Services ( LPS ), whose otherwise mundane business of providing mortgage processing …
Connecticut’s attorney general is suing a Florida mortgage rescue firm for allegedly defrauding at least seven consumers and failing to help them save their homes from foreclosure. Attorney General Richard Blumenthal said Monday that FHA All Day.com …
Part of the Justice Department’s Ongoing Initiative TAMPA, Fla., Nov. 4 /PRNewswire-USNewswire/ — United States Attorney A. Brian Albritton today announced the results of a nine-month-long Mortgage Fraud Surge investigation that has resulted in …
DALLAS, Nov. 9 /PRNewswire/ — Growth in mortgage servicing jobs was not enough to keep headcount in the mortgage sector from falling, according to the MortgageDaily.com Third Quarter Mortgage Employment Analysis. But the rate of contraction has …
Inequitable. Unconscionable. Vexatious. Opprobrious. These are just a few of the choice words a New York state judge used to describe the behavior of Indymac in a decision in which he wiped out the $292,500 sub-prime mortgage owed by a homeowner to …
A 46-year-old Portland mortgage company operator was sentenced Tuesday afternoon to 41 months in prison for his role in nearly $4 million of mortgage fraud. U.S. District Judge Robert E. Jones also sentenced Lee Howlett to three years of post-custody …
Kai Ryssdal: Christmas trees already going up across the country, so I guess it’s not too early to bring a little Charles Dickens into the conversation. You remember in “A Christmas Carol” how Ebenezer Scrooge was visited by the ghosts of Christmases …
BusinessWire – Fitch Ratings has published its U.S. CMBS Focus Performance Report on Wachovia Bank Commercial Mortgage Trust, series 2007-C30 (WBCMT 2007-C30). The report provides a detailed and up-to-date perspective on key credit characteristics of …
Fannie Mae has a federal charter and operates in America’s secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help …
LAS VEGAS (AP) – U.S. Sen. Harry Reid joined federal and state officials at an event in Las Vegas highlighting law enforcement efforts to identify and prosecute mortgage fraud in Nevada. An aide says the Senate majority leader was accompanied Tuesday …
