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CFPB bans RMK Financial Corporation from mortgage lending industry
February 27, 2023
Mark Paul Cervantes
Housing Wire
Comments Off on CFPB bans RMK Financial Corporation from mortgage lending industry
RMK Financial Corporation, which does business as Majestic Home Loans, has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred […]
Mortgage News: Nationwide, HSBC Hit Borrowers With Chunky Rate Increases
June 29, 2023
Mark Paul Cervantes
Mortage News, Top News
Comments Off on Mortgage News: Nationwide, HSBC Hit Borrowers With Chunky Rate Increases
HSBC and Nationwide have announced big increases to their fixed mortgage rates, piling more pain on beleaguered borrowers, writes Jo Thornhill. Nationwide building society will increase its fixed rates by up to 0.35 percentage points from […]
Former mortgage broker sentenced to 5+ years for $8M loan fraud scheme
December 9, 2022
Mariel Alumit
Housing Wire
Comments Off on Former mortgage broker sentenced to 5+ years for $8M loan fraud scheme
Former California mortgage broker Alex Ashod Dadourian was sentenced to five years and four months in prison for a loan fraud scheme in which Dadourian forged mortgage approval documents totaling more than $8 million to […]