TITLE

FHA Goes After Baltimore Lenders that Allegedly Overvalued Properties

AUTHOR(S)
Collins, Brian
PUB. DATE
July 2000
SOURCE
National Mortgage News;07/10/2000, Vol. 24 Issue 42, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the United States Department of Housing and Urban Development's (HUD) investigation of Federal Housing Administration lenders in Baltimore, Maryland. Lenders' alleged involvement in financing property flips; Recommendation of suspensions and numerous loan indemnifications; Appraisers and lenders with high default and foreclosure rates.
ACCESSION #
3374145

 

Related Articles

  • Justice Department and HUD Investigate Alleged FHA Fraud in 38 States. Bailey, Dawn // National Mortgage News;07/10/2000, Vol. 24 Issue 42, p3 

    Reports that the United States Department of Housing and Urban Development (HUD) and the Department of Justice are investigating fraud and abuse allegations in the single-family Federal Housing Administration program. Detection of fraud, waste and abuse; Allegations of property flipping;...

  • HUD's 2003 Resolution: Crackdown on FHA Fraud. Collins, Brian // National Mortgage News;1/6/2003, Vol. 27 Issue 15, p1 

    Focuses on the internal investigation of fraud in the U.S. Federal Housing Administration single family program by the Department of Housing and Urban Development. Implementation of in-depth audits of direct endorsement leaders; Closure of the Operation Safe Home program; Reduction of violence...

  • A Servicing Plague.  // Mortgage Servicing News;Jul2011, Vol. 15 Issue 7, p4 

    The author reflects on the explosion of various types of mortgage fraud in the U.S.

  • HUD stepping up efforts to fight fraud in FHA program.  // Mortgage Banking;May2009, Vol. 69 Issue 8, p8 

    The article announces the plan of the U.S. Housing and Urban Development (HUD) to increase its unannounced on-site lender inspections to reduce Federal Housing Administration (FHA) lending fraud. HUD Secretary Shaun Donovan notes that the FHA needs additional resources so that the program...

  • Regulatory Actions Can Slow Predatory Lending. Gramlich, Edward M. // Business Journal (Central New York);10/20/2000, Vol. 14 Issue 42, p26 

    Focuses on predatory mortgage lending practices in the United States. Percentage increase in conventional home-purchase mortgage lending to low-income borrowers between 1993 and 1998; Expansion of the subprime lending market in the country; Regulatory actions intended to combat predatory...

  • Registry Aimed At `Predatory'. Sichelman, Lew // National Mortgage News;07/10/2000, Vol. 24 Issue 42, p1 

    Reports on the National Association of Mortgage Brokers' (NAMB) creation of an industry-wide registry designed to eliminate abusive mortgage lending practices in the United States. Universal listing of individual loan originators; Highlights of the July 2000 conference of NAMB, held in New...

  • Sarbanes Calls YSP Hearing on Short Notice.  // National Mortgage News;1/7/2002, Vol. 26 Issue 15, p19 

    Reports that United States Senate Banking Committee chairman Paul Sarbanes has scheduled a hearing on abuses associated with yield spread premiums (YSP) in January 2002. U.S. Department of Housing and Urban Development's (HUD) policy statement that it will shield abusive lenders from consumer...

  • Mortgage fraud: Who's to blame?  // Crain's Detroit Business;9/15/2008, Vol. 24 Issue 37, p1 

    The article focuses on the concern over the impact of mortgage fraud on the economic slowdown in the U.S. Mortgage fraud continues to be a drain on the nation's economy, a byproduct of years of frenetic activity in the home-loan industry. Gibran Nicholas, chairman and president of the Certified...

  • APPRAISING/VALUING ASSETS: A CLOSER LOOK.  // National Mortgage News;6/9/2008, Vol. 32 Issue 36, p13 

    The article discusses various reports published within the issue, including one by Bonnie Sinnock about issues of fraud on loans requiring valuation and another by Anthony Garritano's assessment to company works on better protection of credit loans and borrowers of lenders.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics