This topic consolidates everything you need to know to stay informed including prominent industry advocacy movements, current regulatory enforcement actions, and judicial rulings impacting mortgage banking.
Reverse Mortgage Daily--Chris Clow
Live Well Financial’s bankruptcy court-appointed trustee has filed suit against it's former CEO, Michael Hild and his wife who are alleged co-conspirators in a bond fraud scheme and is looking to recover over $100 million in damages allegedly levied against the former reverse mortgage company.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
Search our Compliance Calendar for current regulatory changes & updates.
The Consumer Financial Protection Bureau (CFPB) released a new complaint bulletin covering several areas of concern related to the relief provided in response to the COVID-19 pandemic, including the Centers for Disease Control and Prevention (CDC) eviction moratorium.
DS News -- Christina Hughes Babb
The United States Supreme Court rejected a request by a group of landlords and real estate associations to overturn the Center for Disease Control (CDC) moratorium on evictions.
The CFPB filed a proposed order in federal district court against a company for allegedly deceiving consumers into hiring the company to lower or eliminate credit-card debts and improve consumers’ credit scores.
This edition of the CFPBs Supervisory Highlights report highlights legal violations identified in 2020 examinations and highlights prior supervisory findings that led to public enforcement actions in 2020, resulting in more than $124 million in consumer remediation and civil money penalties.
ACES ENGAGE 2025 registration now open!
Join us at the Broadmoor in Colorado Springs on May 18-20, 2025.
The Legal Description
An Illinois couple has been charged in Chicago Federal court for taking part in a mortgage scheme that defrauded financial institutions out of at least $2.5 million.
Mortgage Professional America-Candyd Mendoza
The Supreme Court ruled today that the structure of the Federal Housing Finance Agency is unconstitutional, but that the director must be able to be removed at will by the president.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
"ACES has shined a light on our productivity and empowered us to hold our teams accountable."
- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union
Mortgage Professional America--Heather Hollingsworth
Johnson County Magistrate Judge Daniel Vokins in Kansas is allowing evictions in advance of the expiration of a federal moratorium as he believes that the moratorium issued by the CDC is unenforceable.
Mortgage Fraud Blog
Simon Curanaj of New York sentenced to 24 months in prison for his role in a $3.5 million conspiracy to use false information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of credit, a practice known as “shotgunning.”
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
