Defects found on mortgage loan applications is on the rise and have been throughout 2015, according to a new report from First American Financial. Which states and markets are the biggest risks of application fraud? Click here to find out.
In a scene like something out of the Sopranos, an Alabama man was sentenced to 17 years in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million, multi-state mortgage fraud scam from New Jersey to Florida that ended with the attempted murder of a witness against him.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More