Overview of OBRE High-Cost Mortgage Rules

Oct 12, 2001

News from OBREmortgagepress.comOBRE, IAMB, Suspension, Fine, flipping OBRE Announces Fines and Suspensions The Illinois Office of Banks and Real Estate recently announced the following suspensions and fines: ++Condult Financial Services Inc. of Chicago has been revoked of their license, effective Apr. 14. ++Progressive Mortgage Financial Company Inc. of Chicago has been suspended for failure to file income tax returns for the past four years, effective May 7. ++Aggressive Mortgage Inc. of Hillside had its license suspended due to the flipping of loans and operating without a license, effective May 4.

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Oct 12, 2001

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...

Analysis and Data

Homebuying Excitement Is Up Among Veterans

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