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"… e W-2 tax forms that exaggerated loan applicants’ earnings.At Ameriquest Mortgage, one of the companies I focus on in my new book about the subprime mortgag …"
"… hio Attorney General Richard Cordray sued Ally Financial Inc. and its GMAC Mortgage division, claiming that workers at the company had signed and filed false …"
"… $28 million settlement with Bear Stearns Cos., LLC and its subsidiary, EMC Mortgage Corp. in 2008.For Countrywide, though, the sum is a relative drop in the b …"
"… he same risks that Wall Street’s Mortgage-backed securities machine did. Mortgages financed by Wall Street from 2001 to 2008 were 4½ times more likely to b …"
"… eading this charge is just absurd,” says Guy Cecala, publisher of Inside Mortgage Finance, an authoritative trade publication. “Fannie and Freddie have al …"
"… Critics of the primer counter that Countrywide Financial Corp., Ameriquest Mortgage, and other aggressive lenders made dicey Mortgages not because of governme …"
"… et securities underpinned by subprime and Alt-A loans, according to Inside Mortgage Finance.That’s a big chunk, but still not enough to make the case that F …"
"… ities, which were underpinned by home loans from subprime giant Ameriquest Mortgage, were, quite simply, “crap.”For U.S. Senate investigators, the email i …"
"… Citigroup acquired its loan-servicing unit and its sister company, Argent Mortgage.Ameriquest wasn’t the only lender with a questionable pedigree that Deut …"
"… rhood property values, and higher costs for local government, the GAO said.Mortgage servicers abandon a foreclosure when they determine that the cost of compl …"
"… ting a foreclosure exceed the anticipated proceeds from the property sale. Mortgage servicers are not required to notify borrowers when they decide to abandon …"
"… om the loans as of August 31.Nationwide should also be referred to HUD’s Mortgagee Review Board for possible civil penalties, the watchdog said. The board h …"