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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.

Items Tagged with 'mortgage broker lending'

ARTICLES

  • Plaza Home Mortgage expands non-QM lending for mortgage brokers

    Now offers “flexible income documentation” requirements
    Mortgage brokers and correspondent lenders now have expanded options when it comes to lending to borrowers who don’t fit into the Qualified Mortgage box. Plaza Home Mortgage announced this week that it is rolling out an expanded non-QM lending program to “allow brokers and correspondent lenders to qualify more non-traditional borrowers.”
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  • Battle erupts over allegations that retail lenders are overcharging veterans for mortgages

    AIME's Anthony Casa accuses Fairway, Quicken, others; Fairway fires back
    For approximately 18 months, HUD, Ginnie Mae, and the VA have been looking into whether certain lenders are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. And now, retail mortgage lenders are facing new accusations that they are overcharging veterans on VA loans. But these accusations aren't coming from the government. Rather, this is some rather nasty mortgage industry in-fighting.
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  • Angel Oak Prime Bridge expanding into wholesale lending for fix-and-flip loans

    Now offering loans for real estate investors through brokers
    Mortgage brokers who have clients seeking financing for real estate investments now have a new outlet for funding, as Angel Oak Prime Bridge is expanding into wholesale lending. Angel Oak Prime Bridge is a member of the Angel Oak family of companies, and focuses on providing fix-and-flip loans to real estate investors.
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  • Watch: AIME Chair Anthony Casa divests from Garden State Home Loans

    Casa leaving his mortgage lending business behind to better represent mortgage brokers
    The head of the Association of Independent Mortgage Experts, Anthony Casa, is leaving his own mortgage lending business behind to better help independent mortgage brokers. In a video interview with HousingWire Editor-in-Chief Jacob Gaffney, Casa explains why he is divesting from Garden State Home Loans and why he is turning his full attention to AIME, a 42,000-member independent mortgage broker community.
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  • RE/MAX getting into the mortgage business; launches Motto Mortgage

    Plans to open mortgage brokerage franchises across the country
    While most of the biggest names in mortgage lending are focused on the Mortgage Bankers Association’s annual conference, taking place right now in Boston, one of the biggest names in real estate revealed that it is getting into the mortgage business. On Tuesday, RE/MAX announced that it is launching Motto Mortgage, a mortgage brokerage franchise that the company plans to take nationwide.
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