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A federal judge tripled the penalty enacted against two Texas-based mortgage companies, Allied Home Mortgage Corp. and Allied Home Mortgage Capital Corp., and their CEO Jim Hodge for violating the False Claims Act
A federal judge tripled the penalty enacted against two Texas-based mortgage companies, Allied Home Mortgage Corp. and Allied Home Mortgage Capital Corp., and their CEO Jim Hodge for violating the False Claims Act.   According to a Reuters report, a jury last November determined that the companies... Keep Reading....
Home Point Financial Corporation has announced that Steven J. Sless has joined the company as branch manager of the Towson, Md. branch to focus on the continued expansion of their reverse mortgage channel. Steven will manage the day-to-day operations, hold local events and connect with potential... more
American Advisors Group (AAG) has announced the launch of a new, 120-second television spot
American Advisors Group (AAG) has announced the launch of a new, 120-second television spot, depicting the reverse mortgage as a viable retirement planning tool. The commercial is airing now and scheduled to run over the next quarter of 2016. The ad will run across cable and national networks,... more
The National Reverse Mortgage Lenders Association (NRMLA) reports that an estimated $147 billion increase in the aggregate value of homes owned by seniors drove their share of home equity to $5.76 trillion and rocketed the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) to an all-time high in... more
NewDay USA has named Paul “Tim” Thompson III as its new chief financial officer
NewDay USA has named Paul “Tim” Thompson III as its new chief financial officer. Thompson, a Wall Street veteran, is the former chairman and chief executive officer of The Darby Creek Company, an investment banking consulting firm. Prior to that, he served as managing director and chief executive... more