Tag: FBI
Any guesses as to if the BOA buyout of Countrywide will still happen?
CNN is reporting this morning that Countrywide is now the subject of an FBI investigation into their lending practices. Countrywide is suspected of engaging in “widespread fraud…which may have contributed to the subprime mortgage crisis that has rocked the U.S. economy.”
The FBI will investigate Countrywide’s underwriting practices, the way loans were originated and their [...]
Posted: March 8th, 2008 under General Real Estate.
Tags: best-practices, countrywide, FBI, tightening-underwriting-guidelines, whistleblowers
Comments: 24
Loan Originator Licensing Update
An article in yesterday’s Seattle PI provided an update on our state’s Loan Originator Licensing. It fails to mention that only Loan Originators who work as for Mortgage Brokers are required to meet the state’s guidelines. If a Loan Originator works for a bank-mortgage company or credit union, they do not have to take the [...]
Posted: May 21st, 2007 under Buyer Information, General Real Estate, Mortgage and Lending, Real Estate Law.
Tags: dfi, FBI, loan-officer, Loan-Originator-Legislation, mortgage-broker
Comments: 35
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