Bloomberg SHUTS DOWN Loan Level Data Searching – The Attack On Securitization Audits!
Bloomberg SHUTS DOWN Loan Level Data Searching – The Attack On Securitization Audits! This happened a few years ago around 2013.
March 2023
Prudential whistleblower rocks the boat on Wells Fargo scandal
Julie Broderick had 15 years of experience as a securities regulator and a propensity for speaking her mind before joining Prudential Financial as an investigative supervisor in 2012. When she sought this year to learn more about possible sales abuses by one of the insurer’s business partners, she said, the message from her company was …
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Securitization Audit News
Welcome to Securitization & Mortgage Audit Latest News. We are sharing the latest news about mortgage and Loan fraud which will help you to take strong steps to stop this.
CREW FILES COMPLAINT AGAINST MICK MULVANEY
It’s about time… Click here to read the complaint. FOR IMMEDIATE RELEASE April 30, 2018 CONTACT: Jordan Libowitz 202-408-5565 | jlibowitz@citizensforethics.org Washington—Mick Mulvaney, the director of the Office of Management and Budget (OMB) and acting director of the Consumer Financial Protection Bureau (CFPB), should be investigated for misleading the Senate during his confirmation process and …
Freddie Mac rebounds with $2.92b net income in Q1
Freddie Mac reported net income of $2.92 billion for the first quarter, an increase of $5.84 billion from a net loss of $2.92 billion in the fourth quarter and up $715 million from $2.21 billion in the first quarter of 2017. Comprehensive income for the quarter was $2.15 billion, increasing from the $3.31 billion loss …
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Banks are working to woo new doctors into home mortgages
When Dr. William Ngo was shopping for his first home two years ago, he ran into a problem: He got rejected for a mortgage because he had about $250,000 in student debt and little savings. So the surgeon applied for a loan specifically designed for doctors that came with a higher interest rate but no …
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Are you behind the curve in the tech revolution?
New American Funding CEO Rick Arvielo has a reputation in the mortgage business as a technology pioneer – and he’s also a big proponent of the industry embracing the tech revolution. MPA: One of the things New American Funding is known for is its technology – and one of the things that’s gotten a lot …
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Wells Fargo ordered to pay $97mn for Calif. labor law violations
Wells Fargo is on the hook for $97 million after a Los Angeles federal judge found that the bank committed violations of California’s labor laws, according to a Bloomberg report. The San Francisco-based bank plans to appeal the ruling. The judge found that Wells Fargo’s California home mortgage consultants and private mortgage bankers did not …
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Banking giant to fork over $4.9 billion to settle mortgage-bond probe
An international banking giant will fork over nearly $5 billion to settle a federal probe into its sale of mortgage-backed securities during the run-up to the 2008 financial meltdown. Royal Bank of Scotland has agreed to pay $4.9 billion to settle Justice Department claims that it misled investors who bought the securities, according to a …
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Trump names nominee for Ginnie Mae president
by Francis Monfort17 May 2018 President Donald Trump intends to nominate Michael Bright to be the president of the Government National Mortgage Association (Ginnie Mae) under the Department of Housing and Urban Development, the White House has announced. Bright is currently acting president of the company. He joined Ginnie Mae in July 2017 as executive …