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  • SEC, FBI reportedly investigating Live Well Financial collapse

    Trouble continues to brew for Live Well Financial, the forward and reverse mortgage lender that unexpectedly went bust last month, as court documents reveal that authorities are looking into the lender. According to documents filed by Live Well’s creditors, the SEC, the U.S. Attorney's Office in the Southern District of New York, and the FBI’s Bank Fraud Division have all been poking around for information on Live Well’s dealings. Click the headline for the full story.

Articles Tagged with ''Military''

Home Depot's Veterans Day project reflects housing's commitment to service members

Happy Veterans Day!
It’s interesting that this year Veterans Day fell in the same week as Election Day. Election Day is always the first Tuesday after the first Monday in November, while Veterans Days is annually honored on Nov. 11. We wanted to highlight just one example of the countless ways the housing finance industry works to support veterans.
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[Factsheet] The difference between military and non-military homebuyers and sellers

Shareable infographic tells it all
Serving in the military dictates many home buying and selling decisions for active-duty members, and continues to have residual effects — both positive and negative — for veterans. This week's HousingWire factsheet uses data from the National Association of Realtors' latest profile of homebuyers and Sellers to show just how different their housing decisions are.
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Stonegate CEO never claimed to graduate from Indiana University

Jim Cutillo’s side of the story
The Indianapolis Business Journal published an article on Wednesday asserting that Stonegate Mortgage Corporation Founder and CEO Jim Cutillo did not earn a degree from Indiana University as the company has claimed. The problem: Cutillo never said he graduated from IU or anywhere else.
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Mortgage Bankers helping veterans achieve homeownership

Built to Honor program awards mortgage-free houses to injured vets
"A homecoming for these heroes is something to be celebrated. Sadly, as we continue to recover from the largest economic downturn in generations, many of our veterans face homelessness, health care complications and high unemployment rates," Mortgage Bankers Association President and CEO David Stevens said.
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CFPB obtains $92M for predatory lending scheme

Service members given false promises
The Consumer Financial Protection Bureau and 13 state attorneys general obtained approximately $92 million in debt relief for about 17,000 U.S. service members and other consumers harmed by Colfax Capital Corporation and Culver Capital.
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