If you fail to make one or more payments on your mortgage loan, your loan is in default. The servicer may then order "default-related services" to protect the value of the property. These services may include property inspections to make sure you are still living in the home and maintaining the property.
Mortgage Servicing Fraud is rampant. Fabricated foreclosures are the current wave, where the new servicer loses payments, delays postings, force-places additional insurance and forecloses without.
Adding to lender woes were declining home values in almost every metropolitan area throughout the United States, sky-high home prices at time of origination, rising mortgage rates, rampant fraud, a deteriorating secondary market, and unmanageable mortgage payments.
Whether you are considering buying your first home or ready to refinance your 12th, Mr. Cooper is here to guide you through the process. Let’s get you home.
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A fraudulent mortgage broker has been sentenced to two and a half years in prison following an investigation by financial investigators from the Metropolitan police service. olakunle Okubote of Finchley, was jailed and forced to hand over more than 23,000 on February 24, following a five-week.
Last year Quan proposed replacing Gordon with nonprofit executive Jakada Imani. He later withdrew amid opposition to ousting Gordon, a member of the Alameda County Women’s Hall of Fame. One Gordon.
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cent cog: scissored grounder A different bank, Flagstar, is the plaintiff in the foreclosure case, despite not having definitive proof that it owns the loan, according to activists with Detroit Eviction Defense.
Mortgage Sub-Servicer Sent to Prison for Stealing Payoffs;. after pleading guilty to four counts of wire fraud for failing to forward monthly remittance payments to. The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud.
At the change of plea hearing, Mansell admitted that Coastal failed to remit some of the mortgage loan payoffs it received and processed from borrowers to Freddie Mac and Fannie Mae, as required by the contractual agreement entered into between them. This resulted in an $18,735,903.77 loss to Freddie Mac and Fannie Mae.