5 Articles match "Company","Foreclose","Fraud"

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The Government Goes After Loan Officers
The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. The Government Goes After Loan Officers By Peter G. Miller    One of the most
www.realtytrac.com - Tuesday, February 3, 2009
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New York Versus Freddie Mac: Round One
At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. Personal defenses include lack of consideration, set off and fraud.” New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
www.realtytrac.com - Tuesday, February 3, 2009
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National Registration For Loan Officers Becomes Reality
Could it be that the nice person carefully writing down your social security number and financial information has committed fraud, is barred from selling loans in another state or never took a mortgage financing class? The short answer is that it’s set up to reduce mortgage fraud and assure that state-licensed loan officers meet minimum educational requirements. National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your loan officer?
www.realtytrac.com - Tuesday, February 3, 2009
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  • Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
    An article in the Los Angeles Times onTuesday documented the sad story of a defaulted homeowner who was thevictim of alleged foreclosure fraud. The article goes on tomake the case that foreclosure fraud crime is on the rise. an Irvine-based company thatmonitors foreclosures. The homeowner said he was trickedinto signing over the title of his home by a scam artist who didnothing to stop the foreclosure and then took out another loan againstthe property with no intention of paying it off. It is a crime thatconsumer advocates fear could become increasingly common — especiallyin
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • New York Versus Freddie Mac: Round One
    At the heart of the dispute is newly-enacted legislation which says lenders can’t foreclose subprime or high cost borrowers in the state unless a lengthy list of standards has first been met. They, in turn, sell securities to pension funds, insurance companies, investors and sovereign funds around the globe. Personal defenses include lack of consideration, set off and fraud.” New York Versus Freddie Mac: Round One By Peter G. Miller     It’s fight time in New York.
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • National Registration For Loan Officers Becomes Reality
    Could it be that the nice person carefully writing down your social security number and financial information has committed fraud, is barred from selling loans in another state or never took a mortgage financing class? The short answer is that it’s set up to reduce mortgage fraud and assure that state-licensed loan officers meet minimum educational requirements. National Registration For Loan Officers Becomes Reality By Peter G. Miller     What do you know about your loan officer?
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • The Government Goes After Loan Officers
    The SEC complaint reflects the McLean decision because it argues that mortgages are routinely bought from local originators, packaged on Wall Street and involve some use of the mail system. The Other Shoe You can bet that myriad banks and mortgage companies are asking attorneys to carefully review the SEC complaint. For example, the SEC could limit its investigation to mortgages that were foreclosed within the first 12 to 18 months after origination. The Government Goes After Loan Officers By Peter G. Miller    One of the most
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • July Foreclosure Report
    When they default, bank losses will shoot to the sky — and many homes will be foreclosed. After bankruptcy, i immediately cleaned up my credit reports, i fought with one credit union and had the state of michigan on my side as they purposely tried to fraud my credit report adding double black marks and refusing to report the chapter 7 by law correctly. Including failed banks and financial companies, and ones committing crimes. U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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