Mortgage lender W.R. Starkey Mortgage LLP will pay $4.5 million for its role in a scheme to sign consumers to loans they couldn’t afford on overpriced modular and manufactured homes, announced North Carolina Attorney General Roy Cooper. W.R. Starkey Mortgage LLP of Plano, Texas provided home loans for North Carolina consumers who bought homes from Phoenix Housing Group Inc. between January 2007 and September 2008.Read more
The United States Attorney’s Office has announced that William DeVaughn Orander III of Goldsboro, N.C. has pled guilty before United States District Judge James C. Dever III, to conspiring to commit mail, wire, and bank fraud, in violation of Title 18, United States Code, Section 1349. According to the information, Orander, a licensed attorney in the Eastern District of North Carolina and acting as the closing attorney for numerous real estate transactions, devised and participated in a fraudulent scheme which occurred between April of 2004 and January of 2008.Read more
Grandbridge Real Estate Capital LLC has announced the recent promotions of several commercial real estate loan originators and analysts throughout the company’s national offices. Richard Thomas has been promoted to the position of senior vice president. Thomas, who has a depth of real estate experience spanning two decades and ranging from commercial loan workouts, asset management/disposition to debt and equity placement, manages the company’s Atlanta-based seniors housing team.Read more
The North Carolina Association of Mortgage Professionals will host its 2010 Annual Conference, Monday-Tuesday, April 18-19 at the Pinehurst Resort & Spa, located at 80 Carolina Vista Drive in the Village of Pinehurst, N.C.
This event will feature:
►NMLS Approved Continuing Education (eight hours of NCAMP courses & eight hours of Paul Donohue courses)
►Federal test prep workshop and state test prep workshop
►Reception and trade showRead more