An internal investigation found that employees in the banking giant’s business banking group were altering documents about customers
The first quarter marked the 15th consecutive quarter of increases
Online marketing is crucial for originators, but if done incorrectly they can be written off as "sleazy salespeople"
The incidence of mortgage fraud has seen an upswing, but remains low compared to the height of the financial crisis
A Connecticut originator has been fined US $1.2m for submitting loan applications with fraudulent borrower information
The CFPB is working with state regulators to ensure they properly enforce new industry rules
As a result of a shifting market conditions, more mortgage companies are discovering that retaining servicing on mortgage loans results in a steady stream of income as well as a sustained book of business.
Two law firms have joined to file a class action lawsuit against the U.S. government, alleging the government violated the Fifth Amendment when it took Fannie Mae and Freddie Mac into conservatorship in 2008.