Hey Everyone!
This is your Hard Money Lender in Tucson and the Southern Arizona area, Billy A with more news from Nationwide Mortgage that my friend Herman Thordsen (www.lendinglaw.com) shared with me. Here are the headlines of what’s included in the report:
- CFPB finds lenders not completing GFE properly.
- HUD audits Allen Mortgage of Arizona and finds issues. IS your QC Plan up to date and in use?
- HUD audits Shea Mortgage of California and finds issues. Again, is your QC plan up to date? Are you doing a monthly check on the Comparison ratio?
- HUD-OIG audits Innotion Enterprises of Las Vegas, Nevada and finds issues with REO contracts.
- HUD-OIG audits Mortgage Now of Shrewbury,New Jerseyand finds underwriting and quality control issues.
- If you are buying into a home with an HOA or CID, you need to review the financial very carefully. Read and develop a checklist.
- Notices employers must give employees effective July 2013. (Attend our seminar on October 18 and learn the otherCalifornialaws that affect the mortgage industry.)
- Los Angeles, California man gets 37 months in prison for HELOC scam.
- Oceanside, California attorney and 9 others indicted and/or convicted for loan modification scam.
- Denver, Colorado woman gets five years in federal prison for mortgage fraud.
- Philadelphia,Pennsylvania man gets 25 years in prison for home foreclosure rescue scam. Three others sentenced with him.
- Pennsylvania woman faces up to 170 years in prison for mortgage fraud.
Click Here for a copy of the full report.
Don’t forget next Tuesday, October 16th Free Lunch-N-Learn Seminar on Asset Protection at Stewart Title. Click link below for more information. 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!
For more information on the Free Lunch-N-Learn Seminar click the photo below:
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