Mortgage Company and Executives Settle Fraud Charges

Posted May 31, 2016 / No comments

The Securities and Exchange Commission today announced that a California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme to defraud investors in the sale of residential mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae).    First Mortgage Corporation (FMC) is a

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Mortgage Company and Executives Settle Fraud Charges

Posted May 31, 2016 / No comments

The Securities and Exchange Commission today announced that a California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme to defraud investors in the sale of residential mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae).    First Mortgage Corporation (FMC) is a

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U.S. Economic Confidence Index Improves Slightly to -12

Posted May 31, 2016 / No comments

Americans’ confidence in the U.S. economy improved slightly last week. Gallup’s U.S. Economic Confidence Index averaged -12 for the week ending May 29, up three points from the prior week….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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U.S. Economic Confidence Index Improves Slightly to -12

Posted May 31, 2016 / No comments

Americans’ confidence in the U.S. economy improved slightly last week. Gallup’s U.S. Economic Confidence Index averaged -12 for the week ending May 29, up three points from the prior week….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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Republicans set to unveil plan to replace Dodd-Frank

Posted May 31, 2016 / No comments

Later this year, the Dodd-Frank Wall Street Reform and Consumer Protection Act will reach its sixth anniversary, unless Congressional Republicans have their way. They would hate to see Dodd-Frank reach anniversary number seven judging by this recent, fiery speech. Here’s what it’s replacement would look like. Source: Housing Wire

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Republicans set to unveil plan to replace Dodd-Frank

Posted May 31, 2016 / No comments

Later this year, the Dodd-Frank Wall Street Reform and Consumer Protection Act will reach its sixth anniversary, but if Congressional Republicans have their way, Dodd-Frank won’t reach anniversary number seven and many of the financial reforms enacted by the landmark law will be repealed or replaced. Source: Housing Wire

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