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The fraud scheme was allegedly performed while Gallo and Elmas worked for NJ Lenders Corp., a New Jersey mortgage loans company. “NJ Lenders is proud of its 33 years of successfully assisting ...
In 2006, Wachovia (formerly First Union) sold The Money Store name to MLD Mortgage, Inc. There's no direct connection to the old West Sacramento-based company, but a veteran executive of the old company operates it. Morton Dear, chief financial officer of original The Money Store, is the founder and chairman of the new incarnation. [1]
PHH was founded by Duane Peterson, Harley Howell and Richard Heather in 1946 in Mount Laurel, New Jersey and incorporated in 1953 as a Maryland corporation [1] providing mortgage services, employee relocation services, fleet management services.
As of the end of 2006, the company had $48 billion, or 76% of its mortgage portfolio invested in subprime loans. [4] In January 2007, the company eliminated 1,000 jobs. [5] In October 2007, the company eliminated 3,000 jobs. [6] At the beginning of 2007, the company had 14,000 employees. [7] In May 2008, the company reported that it may run out ...
If you get an unexpected letter from your mortgage company, look closely! According to numerous BBB Scam Tracker reports, the letters are a deceptive solicitation for a home warranty service. Here ...
What is a mortgage escrow? How it works, as explained by NJ mortgage lenders. Gannett. Maddie McGay, NorthJersey.com. March 15, 2024 at 4:22 AM.
source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...
There are six main types of mortgage providers: direct lenders, mortgage brokers, correspondent lenders, wholesale lenders, portfolio lenders and hard money lenders.