Items Tagged with 'Eagle Home Mortgage'

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  • Movement Mortgage buying big piece of Lennar’s Eagle Home Mortgage

    Acquiring retail operations of homebuilder’s mortgage arm
    Movement Mortgage has been through a couple rounds of layoffs this year, but when the nonbank lender laid off 180 employees back in October, CEO Casey Crawford said the company had no plans to step back. And that’s just what the company has done. Movement Mortgage announced Wednesday that it is acquiring a big piece of Lennar’s mortgage arm, Eagle Home Mortgage.
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  • Lennar subsidiary Eagle Home Mortgage fined $13.2 million for FHA lending violations

    The False Claims Act ain’t dead yet
    It appears the False Claims Act ain’t dead yet. The Department of Justice announced Friday that it reached a $13.2 million settlement with Universal American Mortgage Company, the mortgage subsidiary of Lennar that does business as Eagle Home Mortgage, to resolve allegations that the lender violated the False Claims Act by falsely certifying that it complied with FHA lending standards.
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  • Lennar partners with Blend to power its financing arm

    Will digitally streamline purchase process for Lennar customers
    Lennar, one of the largest homebuilders in the U.S., is now partnering with mortgage technology provider Blend, to power its financing arm. The new system will allow Lennar mortgages to close up to 10 days faster by cutting out unnecessary manual process.
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  • DOJ investigating FHA lending practices of Lennar subsidiary Eagle Home Mortgage

    Homebuilder discloses investigation in SEC filing
    Eagle Home Mortgage, the mortgage lending subsidiary of Lennar, could find itself on a list that includes Wells Fargo, Walter Investment, United Shore Financial Services, PHH, and many other lenders that were sanctioned by the government for underwriting mortgages that did not meet Federal Housing Administration standards.
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  • Lennar merger will create nation’s largest homebuilder

    Deal with CalAtlantic makes company top 3 builder in 24 of 30 largest markets
    It’s turning out to be a year of significant growth for Lennar. Earlier this year, the homebuilder closed on a $643 million acquisition of WCI Communities, a luxury homebuilder headquartered in Florida. But that deal pales in comparison to Lennar’s latest deal.
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  • Lennar targets Millennials with mortgage that pays off their student loans

    Lennar subsidiary Eagle Home Mortgage offers unique lending product
    A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
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