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The Home Equity Theft Reporter: Florida Closing Agent Gets 3 Years In Scam Involving $17M+ In Fraudulently Obtained Mortgages

CFPB, Florida Sue Ocwen For Mortgage Servicing Issues – Law360  · The accord required Ocwen, the biggest non-bank mortgage servicing business in the U.S., to provide $2.1 billion in borrower relief, with $125 million of that to compensate people who lost their homes to foreclosure and the bulk of it in the form of loan principal forgiveness, according to a CFPB statement issued in December. Independent Monitor

The home equity theft Reporter: Florida Feds Obtain Indictment In Alleged Mortgage Scam Involving 79 Homes, $24M In Fraudulently Obtained Loans, $5M In Lender Losses The Florida Masochist: Tax prep and mortgage loans don’t mix credit union fees wane as the Economy Gains – The healthy jacksonville economy plus the usual first-quarter boost.

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The U.S. Department of Housing and Urban Development oversees most reverse mortgages under its Home Equity Conversion Mortgage program. Since its growth in popularity in the 2000s, seniors have been. What is a reverse mortgage? A reverse mortgage is a special type of home loan only for homeowners who are 62 and older.

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