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Top News In Knight Frank Poiesz Today - Breaking & Trending Today

FHA, VA, Reverse News and Training; EverBank Name to Return; Movement Mortgage v DOJ in False Claims Violation?

The other night my cat Myrtle began squeaking in her sleep and moving her paws. She was either dreaming about a Chupacabra, a CFPB exam, or the Department of Justice holding on line 2. Movement Mortgage, LLC, was caught up in the latter, and has agreed to pay the United States $23.75 million to resolve allegations that it violated the False Claims Act by “failing to comply with material program requirements when it originated and underwrote mortgages insured by the Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA)… Movement Mortgage admitted that it certified for FHA mortgage insurance and VA home loan guarantees a material percentage of loans that did not meet applicable requirements and, therefore, were not eligible under those programs, despite inaccurately representing to HUD and the VA that such loans complied with applicable program requirements. Movement Mortgage ....

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Information Sharing, Home Equity, Fulfillment, Marketing Products; Conventional Conforming News

Information Sharing, Home Equity, Fulfillment, Marketing Products; Conventional Conforming News
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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POS, Dashboard, Credit Verification Products; Freddie and Fannie Changes; Today's CPI Suggests Fed Holds Steady Tomorrow?

POS, Dashboard, Credit Verification Products; Freddie and Fannie Changes; Today's CPI Suggests Fed Holds Steady Tomorrow?
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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Sales, DPA, QC, Appraisal, Servicing Products; Freddie and Fannie News

Sales, DPA, QC, Appraisal, Servicing Products; Freddie and Fannie News
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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Servicing, POS, Marketing, Fulfillment, Pricing Engine Products; FHA, VA, USDA, Ginnie News

Does your company have a decent product for a borrower who crowd-funded their down payment? How about a house with a granny unit in the back? Trends in lending and real estate, right? How about anyone who is buying a place to live in a converted office building or mall? I hope so, as that is certainly “a thing.” Obviously, it takes a different skill set. Speaking of which, here at the MBA’s conference in Manhattan someone was telling me, “Many companies have momentarily stopped reducing overhead and are prepared for an increase in volume: ‘re-flate.’” Overhead is obviously a topic: If an LO doesn’t need a branch or manager, why should their borrower pay for them, and the overhead, through worse pricing? And in terms of cutbacks, is “furloughing” just IMBs kicking the can down the road? On the banking and credit union side, those institutions have proven adept at finding other places for personnel not needed in reside ....

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