Items Tagged with 'New Mexico'

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  • New Mexico sues Wells Fargo for opening up fake accounts

    Attorney General Hector Balderas follows through on threat to sue bank
    Back in November, New Mexico Attorney General Hector Balderas threatened to sue Wells Fargo over the bank allegedly opening up thousands of fake accounts in the state’s residents' names, and now, Balderas is following through on that threat.
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  • Altisource’s Premium Title expands to four new states

    Now providing services in Idaho, New Mexico, Oregon, Washington
    Premium Title, a provider of title and escrow services and a member of the Altisource Portfolio Solutions family of companies, is set to expand to four new states. The company announced Tuesday that it secured escrow licensing in Idaho, New Mexico, Oregon, and Washington, which allows the company to begin offering services in those states.
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  • New Mexico wants damages from Wells Fargo over fake accounts

    AG Hector Balderas seeking to have state’s victims paid back
    The states of California and Ohio aren’t quite ready for things with Wells Fargo to go back to normal in the wake of the bank’s fake account scandal – and it looks like New Mexico isn’t either. The state's attorney general wants damages from the bank on behalf of the state’s residents that were affected by Wells Fargo’s actions.
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  • Monday Morning Cup of Coffee: New Mexico warns of scammers pretending to be Nationstar

    Wells Fargo accused of ripping off mom-and-pop businesses
    Borrowers and lenders, here is your warning! Reports of mortgage scams and financial hackers keep making it to HousingWire’s headlines. The latest attack involves well-known mortgage company Nationstar. In other news, Wells Fargo is in the headlines again. This time the mega bank is being accused of ripping off vulnerable mom-and-pop businesses. Details on all of this and more inside.
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  • New Mexico man admits to embezzling nearly $1 million from real estate company

    Convinced investors to invest $1 million, spent $995,000 on himself and his wife
    A New Mexico man admitted in court that he and his wife spent all but $5,000 out of $1 million that investors gave to the pair under the guise of investing in a real estate company. According to court documents, Willis spent $995,000 of the victims’ $1 million instead of investing the funds as he told the investors he would.
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  • Former New Mexico Realtor group executive indicted on hundreds of embezzlement charges

    Sherri Miller facing 197 charges of embezzlement and 188 forgery charges
    Sherri Miller, the former executive director of the Ruidoso Board of Realtors, is facing nearly 400 charges of embezzlement and forgery stemming from allegations that she skimmed at least $90,000 from the organization. What’s even crazier about the allegations against Miller is that Miller's predecessor with the Ruidoso Board of Realtors was also accused, and subsequently convicted, of embezzling from the organization.
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  • New Mexico homeowners targeted by fake 'Ocwen' loan modification scam

    State issues warning on fraudulent 'Making Home Affordable' scheme
    New Mexico’s Attorney General issued a warning to the state’s citizens recently, advising them to be on guard for a “dangerous new scam” that supposedly offers a “Making Home Affordable” mortgage modification from Ocwen Financial. But the letters are not from Ocwen – and there are no modifications to be had.
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  • Castle & Cooke Mortgage plans to expand into 48 states

    Announces expansion into New Mexico
    Castle & Cooke Mortgage, an independent mortgage lender with 41 locations throughout the United States, announced its expansion into New Mexico. The lender continues to implement its plan to expand its operations into 48 states by the end of 2016.
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  • Declining oil prices will have a muted impact on housing

    It's not a repeat of the 80s
    While everyone enjoys low prices at the pump, the impact of it can reverberate throughout the economy and cause some unintended consequence. However, the severity this time around is a lot less than what the country experienced during the last big oil price decline in the 1980s.
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