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Miami condo at ground zero in mortgage fraud – America’s subprime mortgage crisis is partly due to predatory, or aggressive, lenders, hard-sell tactics by mortgage brokers and an easing of underwriting. That works out to more than 200 possibly.
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Subprime auto lenders put on notice over ties to shady dealers – “That was the exact excuse that lenders were making about why they had to look the other way when mortgage brokers were sending them increasingly risky and increasingly fraudulent loans,” said Chris.
Mortgage Brokers BRAWL with Untrustworthy Wholesale Lenders – "Mortgage brokers have known about whole-tailers’ shady tactics for years, but we just didn’t have a voice before. We’re speaking up now, and urging brokers to avoid doing business with whole-tailers,
Mortgage brokers’ share of home loans on the rise – What I think: Mortgage brokers are back in a big way, not just with mortgage shopper gains but also because institutionally based mortgage loan officers are transforming themselves into brokers..
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Woodland Hills Broker Gets 3-Year Term in Mortgage Scam – A former Woodland Hills mortgage broker accused of bilking borrowers and lenders out of millions of dollars was sentenced Tuesday in San Jose to three years in state prison. Edward Rostami, 38, was.
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Mortgage Brokers: How to Separate Good from Shady – And then there were some unscrupulous mortgage brokers, widely blamed for steering borrowers to loans that would blow up in their faces. To keep this from happening again, states have established the.
Mortgage brokers: ASIC goes fishing – The Australian Securities and Investments Commission (ASIC) inquiry into the way mortgage brokers are paid may uncover some isolated shady dealings but the system of remuneration for brokers is.
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Police seek leads in 2003 homicide of Richmond mortgage broker found dead in Stratford Hills – It’s been almost 15 years since police discovered the body of Darnell Harris in Stratford Hills. On Aug. 17. seeking information related to his homicide. A self-employed mortgage broker for his.