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Loan Modification
: Loan Modification & Home Loan NewsFHA Takes Down Three Lenders & Suspends Fourth
By Moe Bedard
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“Mortgagee Review Board underscores FHA?s stepped up lender enforcement efforts”
WASHINGTON ? The Federal Housing Administration?s Mortgagee Review Board (MRB) today announced that it is immediately and permanently withdrawing the FHA approval of three mortgage lenders and is suspending a fourth. The MRB withdrew the FHA approval of Strategic Mortgage Corporation (Strategic), ProMortgage Inc., and Americare [...]Full post as published by Loan Modification & Home Loan News on January 27, 2010 (boomark / email).
Lawsuits and Settlements
Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.
Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.
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