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Loan Modification
: The Truth About Mortgage.comFHA Shuts Out Another Two Lenders
By scot184
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Two more lenders fell victim to the FHA’s ongoing campaign to remove bad players from the mortgage market.
Last week, it permanently withdrew approval for Atlanta-based RSA Financial and 1st Alliance Mortgage LLC of Houston, Texas.
FHA lending seems to be the only game in town these days, so the move could lead to their eventual demise.
RSA [...]Full post as published by The Truth About Mortgage.com on April 05, 2010 (boomark / email).
Lawsuits and Settlements
Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.
Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.
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