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.
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.
Search our Compliance Calendar for current regulatory changes & updates.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
The CFPB and New York Attorney General filed a complaint in federal court to seize a $1.6 million home which was fraudulently transferred by the operator of a massive and now-defunct debt-collection scheme.
Mortgage Professional America--Steve Randall
A Nevada man has been sentenced for his participation in a conspiracy to commit bank fraud, using false information and simultaneous loan applications at multiple banks.
Mortgage Professional America – Steve Randall
Joseph A. Gonzalez of Nevada has been sentenced to 18 months in jail for conspiracy to commit bank fraud in connection with a HELOC fraud scheme.
"By partnering with ACES, we have witnessed an overall improvement in the quality of our reviews."
-Hilda Melendez, Quality Control Systems Director at Lennar Mortgage
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.
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 made my life so much easier from a QC perspective. It's life-changing"
- Kelly Cooper Spencer, QC & Business Intelligence Data Manager at Thrive Mortgage
DS News--Robert D. Forster, II, Managing Partner, BDF Law Group
The Texas Supreme Court recently granted a lender's petition, finding that "equitable-subrogation rights become fixed at the time the proceeds from a later loan are used to discharge an earlier lien" and that a “lender’s negligence in preserving its rights under its own lien does not deprive the lender of its rights in equity to assert an earlier lien that was discharged using proceeds from the later loan”.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
Mortgage Fraud Blog
David Litman of Illinois has been sentenced to two-year in federal prison for conspiracy to commit bank fraud and bank fraud in connection with a real estate short-sale scheme.
Mortgage Fraud Blog
Stephen Sharkey of New Jersey was sentenced to four years and one month in prison for stealing more than $385,000 of down payments for homes from two different families.
