Regulators are taking a harder look at the quality of loans made by banks during the real estate boom. There are growing concerns about marginal borrowers who take out adjustable rate mortgages. The ...
NEW YORK, Sept 4 (Reuters) - Quality Home Loans, a subprime mortgage lender that filed for Chapter 11 bankruptcy protection two weeks ago, said on Tuesday it agreed to be acquired by hedge fund ...
California-based Accredited Home Lenders says that it would stop writing new loans and lay off more than half its workforce. Lehman Brothers is shuttering its BNC Mortgage unit. And Quality Home Loans ...
Application error findings rose over 15%, the second quarter in a row they have moved higher, the post-closing file review from Aces Quality Management found.
NEW YORK (Reuters) - A New York mortgage company has agreed to a $36 million judgment and its former president will pay $300,000 to resolve civil claims that they defrauded the federal government into ...