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The U.S. Department of Justice has announced that Austin-based Financial Freedom has agreed to a settlement of more than $89 million to resolve charged that it violated the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) in connection with its... Keep Reading....
Fred Thompson
Fred Thompson, whose career trajectory included notable stints in Hollywood and Capitol Hill plus a sometimes controversial presence in the mortgage industry, died in Nashville from non-Hodgkin's lymphoma. He was 73.   Thompson initially began his professional life as an attorney and first gained... more
Norcom Mortgage has appointed John Luddy as vice president of reverse lending
Norcom Mortgage has appointed John Luddy as vice president of reverse lending. Luddy joins Norcom Mortgage with 30-plus years of mortgage origination experience. Early in his career, he assisted thousands of Connecticut families in buying their first homes, but has focused the last 10 years serving... more
House Atop Money Pic
The level of home equity among the nation’s seniors reached $4.08 trillion during the second quarter, a new record high, according to data released by the National Reverse Mortgage Lenders Association (NRMLA). According to NRMLA, this activity was driven by an estimated $122.8 billion increase in... more
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ReverseVision has announced it has brought experienced mortgage professional and technology sales strategist Matthew Shaffer on board as business development manager. Shaffer joins ReverseVision from Ariba Inc., where his role included connecting Fortune 500 businesses with technology-enabled... more