Hi Friends!
This is your Hard Money Lender in Tucson and the Southern Arizona area, Billy A with Nationwide Mortgage news from my friend Herman Thordsen (www.lendinglaw.com). He suggests that this report is most interesting, especially for those that need to comply with HUD rules and audit procedures.
Here are some of the headlines:
1. Mortgage Loan Originators must give the GFE to potential borrowers under RESPA.
2. Under RESPA you may be able to amend the GFE if you make a mistake by misquoting a third party charge. BUT DO NOT DO IT WITHOUT CONSULTING LEGAL COUNSEL FIRST.
3. Homeowners can sue servicers and banks and those authorized to do Trial Payment Plans under HAMP for failure to give them a permanent modification if the homeowner fully complies with the Trail Payment Program procedures.
4. Homeowner Associations must follow a given set of procedures before they can foreclose on unpaid dues.
5. Tracy, California loan officer pleads guilty to mortgage fraud
6. Vallejo, California woman convicted of Mortgage and Bankruptcy fraud.
7. Iowa man gets four years in prison for mortgage fraud.
8. New Jersey duo charged with $13 million mortgage fraud. Three others plead guilty.
9. Tennessee man pleads guilty to mortgage fraud in Virginia.
Click Here to download a free copy of the full report.
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That’s it for this time! Make it another great day!
Your Hard Money Lender in Tucson and Southern Arizona,
Billy A
P.S. I want to be your favorite Hard Money Lender in Tucson and Southern Arizona, so please don’t keep me a secret! If you, your friends or family need help with funding, I’d be happy to give them free information without any obligation. Please give me a call at:
(520) 299-4878!