Kickback accusations nothing more than government abuse and overreach, Pennsylvania mortgage brokerage says

More state attorneys general are getting in on the Real Estate Settlement Procedures Act (RESPA) action. In mid-January, Pennsylvania’s former attorney general Michelle Henry filed a kickback lawsuit against Barry Newhart and six mortgage entities he controls: Bright Financial Group, Conquest Mortga

A growing Fannie Mae ‘blacklist’ is paralyzing home sales

A growing problem is preventing condominium owners from selling their properties. Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. If a condo is on this list, it’s significantly harder for prospective buyers to get

Ginnie Mae challenges TCB expert’s testimony in HMBS case

In the ongoing lawsuit by Texas Capital Bank (TCB) seeking to recoup assets related to an extinguished reverse mortgage securities issuer, Ginnie Mae has fired back by continuing to seek a summary judgment.The government contended that the bank’s recent supplement to the record of expert testimony i