HUD reaches $1.25 million settlement with mortgage lender for concealing defaults from FHA

On February 7, the US Attorney for the Eastern District of New York, the Office of the Inspector General for the Department of Housing and Urban Development (HUD), and the Inspector General for the Federal Deposit Insurance Corporation (FDIC) issued a press release announcing a settlement agreement with residential mortgage lender, Franklin First Financial, Ltd. [...]

By | 2017-02-09T11:41:36+00:00 February 9th, 2017|Enforcement Action, Mortgages, Uncategorized|0 Comments

Federal agencies fine default management company $65 million

On January 24, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve (Fed), and the Office of the Comptroller of the Currency (OCC) issued a press release announcing an enforcement action against ServiceLink Holdings, LLC (Service Link). The federal agencies fined $65 million for improper actions by its predecessor company, Lender Processing [...]

By | 2017-02-01T08:20:25+00:00 February 1st, 2017|Mortgages, Uncategorized|0 Comments
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