Newrez pays $2.3M to settle Caliber overcharge allegations

California regulators collect $1.8 million fine after accusing Caliber Home Loans of overcharging nearly 5,000 borrowers for interest that accrued before their first mortgage payment was due. Continue reading

Escrow under fire: When the playbook ignores the rulebook

Compliance expert Summer Goralik examines practices drawing fresh regulatory scrutiny, putting questionable and potentially unlawful incentives between brokers and escrow back in the spotlight. Continue reading

Mortgage relief operation allegedly bilked homeowners out of $6.3M

Los Angeles-based operation allegedly promised to help hundreds of distressed homeowners negotiate with lenders to lower their interest rates, monthly payments or principal amounts. Continue reading

Regulators probe ‘education fraud scheme’ by loan originators

California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements. Continue reading