Florida Mortgage Lender
First Alliance Mortgage Company
The People of The State of California, The State of Arizona, The State of Florida, The Commonwealth of Massachusetts, The People of the State of Illinois, and The New York State Banking Department, Plaintiffs, v. First Alliance Mortgage Company, et al., Defendants; In re: First Alliance Mortgage Company, et al., Debtors; Federal Trade Commission, Plaintiff, v. First Alliance Mortgage Company, et al., Defendants; and Frank and Nicolena Aiello, et al., Plaintiffs, v. First Alliance Mortgage Company, et al., Defendants. ... [Read More]
Lender List Selection Criteria
Title II - Mortgage Programs ... Lender List Selection Criteria ... Limits a list to Lenders who have done a 203(k) within the past 12 months ... [Read More]
Homes and Communities - U.S. Department of Housing and Urban Development (HUD)
Did you know that your credit is a key factor in determining if you obtain a home mortgage? A HUD-approved housing counselor can help you understand your credit report and offer ideas to repair bad credit. Find out more about buying a home and locate a housing counselor near you. ... [Read More]
First Alliance Mortgage Company Settlement
Not all loans or lenders are created equal. For example, certain home mortgage lenders target homeowners who have low incomes or credit problems or who are elderly – and then take advantage of them by using deceptive practices. ... If you obtained a home mortgage loan from First Alliance Mortgage Company between January 1, 1992 and March 23, 2000, and did not settle with the company, you may be eligible to collect money as part of a proposed Class Action Settlement between First Alliance and its affiliates, officers and certain employees and the Federal Trade Commission, the States of Arizona, California, Florida, Illinois, Massachusetts, and New York, AARP, and various individual borrowers. ... [Read More]
HUD - DOES HUD OWE YOU A REFUND?
If you had a Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) insured mortgage, you may be eligible for a refund of part of your insurance premium or a share of any excess earnings from the FHA's Mutual Mortgage Insurance Fund. For more information about refunds, read our fact sheet . ... [Read More]
Veterans Information from Congressman Kendrick Meek, 17th District of Florida
Apply to a mortgage lender for the loan. While the appraisal is being done, the lender can be gathering credit and income information. If the lender is authorized by the VA to do automatic processing, upon receipt of the appraised value determination, the loan can be approved and closed without waiting for VA review of the credit application. For loans that must first be approved by VA, the lender will send the application to the local VA office, which will notify the lender of its decision. ... [Read More]
Lender List Selection Criteria
Title II - Mortgage Programs ... Limits a list to Lenders who have done a 203(k) within the past 12 months ... All Lenders Government Supervised Non-Supervised Loan Correspondent ... [Read More]
HUD Termination of Lenders' Approval
The following branches of FHA-approved lenders have been precluded from originating FHA-insured loans within the area of the HUD Field Offices listed below. You can read about this initiative in Mortgagee Letters 99-15, 00-17, and 01-23. You can read these letters on line HUD's Mortgagee Letter Library . Mortgagee Letters can also be ordered from HUD's Direct Distribution system . Read more about the Credit Watch Initiative . ... * The United States Court of Appeals for the Fourth Circuit, on July 12, 2000, reversed the District Court's order that had invalidated HUD's termination regulation in the Capitol Mortgage Bankers vs. Cuomo . Therefore, Capitol Mortgage Bankers' origination approval agreements were terminated, effective July 31, 2000, in all of its offices within the Washington, DC and Baltimore, MD HUD Office jurisdictions as well as the Towson, MD office within the Richmond, VA HUD Office jurisdiction. ... [Read More]
Deceptive Mortgage Scam Halted
According to the FTC, 30 Minute Mortgage, Inc. sent spam and maintained Web sites where it advertised "3.95% 30 year mortgages" and until recently described itself as a "national mortgage lender." The company urged potential customers to complete detailed online loan applications. The applications required consumers to supply sensitive personal information, such as their names, addresses, phone numbers, social security numbers, employment information, income, first and second mortgage payments, and asset/account types and balances. The company assured consumers that when they submitted the loan applications, their sensitive information would be protected because it would be transmitted using Secure Sockets Layer (SSL) technology. ... [Read More]
Quicken Loans Inc.
Quicken Loans Inc., a mortgage lender based in Livonia, Michigan, has agreed to settle Federal Trade Commission charges that it failed to provide "adverse action" notices in violation of the Fair Credit Reporting Act (FCRA). The FTC alleges that Quicken Loans failed to comply with the provisions of the Act that require credit grantors who take adverse action - for example, denial of credit, insurance, employment, or certain other benefits - to notify the consumer when the action is based wholly or partly on the consumer's credit report. The notice is designed to give consumers the opportunity to dispute the accuracy or completeness of the information in the credit report. The proposed consent agreement, announced today for public comment, would require that whenever Quicken Loans takes any adverse action with respect to an application for credit, either in whole or in part because of information contained in a credit report, it must provide to the applicant the notice specif ... [Read More]
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