A mortgage vendor is suing one of its former executives for starting a competing company while employed and soliciting some of its bigger-name customers. Processing Content New Jersey-based Flatworld Mortgage Solutions sued Rajeev Kumar last week in a federal court, accusing its former executive vice president of breaching various employment agreements. Kumar, who claims he […]

The Department of Housing and Urban Development’s Office of Inspector General recently reported that it found many inconsistencies in records for due-and-payable partial claims in a recent audit. Processing Content The most common discrepancy found in 74 instances within a statistical sample of 81 loans from 2021-2024 was that the mortgage servicing files involved were