Adobe Stock A federal jury has convicted Oluwaseun Adekoya of bank fraud conspiracy, money laundering conspiracy and aggravated identity theft. The case offers an in-depth look at a rising threat to banks and credit unions: identity theft used to steal from customers’ home equity lines of credit. A two-and-a-half-week trial exposed Adekoya as the ringleader […]
How an identity thief stole $2 million from HELOCs Read More »
The Mortgage Bankers Association was pleased the Senate version of the reconciliation bill keeps many of its priorities in place, while taking out the so-called revenge tax. However, the bill does differ from the House of Representatives version and the two need to conform before it can go to President Trump for signature. Furthermore, because
Senate tax bill keeps MBA wins, guts CFPB funding Read More »
The Department of Veterans Affairs has technically ended some temporary mortgage relief. But there’s a phase-out process that could sustain loan buyout activity in Ginnie Mae securitizations another couple of months. The Veterans Affairs Servicing Purchase program ended May 1, but the VA has allowed trial payment plans (TPPs) in process to proceed through Aug.
Why VASP is still driving Ginnie Mae buyout activity Read More »