More than a dozen mortgage firms have named new senior and mid-level executives to lead their companies. Among the appointments are managers who worked for some of the nation’s biggest mortgage lenders. Former PHH Corp. chief financial officer Sandra E. Bell joined Prospect Mortgage LLC as its CFO earlier this month. Bell has almost 30 [...]
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Mortgage Fraud Defendant Claims Lender Lost Nothing on Securitized Loan
February 20th, 2012
davidguide One of two defendants who have already pleaded guilty to defrauding Countrywide Home Loans on a $760,000 mortgage claims that because the loan was securitized, Countrywide didn’t face any losses. The strategy is intended to avoid a prison sentence. If the federal judge in the case agrees, the process of prosecuting mortgage fraud defendants — [...]
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