TX
Former Texas police officer pleads guilty in HUD fraud case
Thu, 2010-01-21 11:01 — NationalMortgag...
Ramon Anthony Reyes Jr. has pleaded guilty before U.S. District Judge Jane J. Boyle to one count of making a false statement to the U.S. Department of Housing & Urban Development (HUD) with regard to his participation in HUD’s “Good Neighbor Next Door/Officer Next Door” mortgage program, announced U.S. Attorney James T. Jacks of the Northern District of Texas. Reyes faces a maximum statutory sentence of two years in prison and a $250,000 fine. He is scheduled to be sentenced by Judge Boyle on April 29, 2010.Read more
NexBank to significantly expand retail and wholesale mortgage divisions
Tue, 2009-11-24 10:36 — NationalMortgag...
NexBank, a North Texas banking and financial services company, has unveiled a plan to expand its retail and wholesale mortgage divisions to further enhance its developing service operation among a growing network of homeowners, real estate agents and mortgage professionals. With double-digit expansion of both mortgage divisions during 2009, NexBank plans to add 30-plus mortgage production professionals between the two mortgage divisions in 2010.Read more
Texas AG takes action against Dallas-area mortgage rescue operation
Wed, 2009-11-11 15:32 — NationalMortgag...Dallas County 134th District Judge James M. Stanton granted an agreed temporary injunction barring Markus and Tyrone Bailey from deceptively operating the unlicensed businesses, Behind on Mortgage and Behind on Mortgages USA at 6060 N. Central Expressway in Dallas. The agreement requires the defendants to either reimburse all customers from whom it collected unlawful fees, or place these monies in a trust pending final judgment. The defendants have been subject to a Nov. 2 temporary restraining order halting their deceptive practices that harmed struggling homeowners.Read more
Houston broker sentenced to prison for fraud
Wed, 2009-11-11 10:52 — NationalMortgag...
Clarence Lewis III, 46, of Houston, has been sentenced to 15 years in federal prison without parole for running a mortgage fraud scheme, United States Attorney Tim Johnson has announced. United States District Judge Lynn N. Hughes handed down the prison sentence at a hearing on Nov. 10. Lewis was convicted May 13, 2009, of conspiracy to commit mail and wire fraud and four counts of wire fraud by Judge Hughes following a bench trial before Judge Hughes.Read more
Ohio AG files second suit against servicers
Fri, 2009-11-06 10:08 — NationalMortgag...
Ohio Attorney General Richard Cordray has filed a lawsuit against American Home Mortgage Servicing Inc. (AHMSI), a Texas-based company servicing more than 12,000 sub-prime and prime mortgage loans in Ohio. The lawsuit alleges numerous violations of the Ohio Consumer Sales Practices Act including but not limited to: Incompetent and inadequate customer service, failure to respond to requests for assistance, failure to offer timely or affordable loss mitigation options to borrowers and unfair and deceptive loan modification terms.Read more
Mutual of Omaha Bank launches Texas mortgage operation
Sat, 2009-10-31 18:07 — NationalMortgag...
Mutual of Omaha Bank has launched a mortgage lending operation in Texas and appointed John V. Kelly III as Texas region manager of residential mortgage sales, the company announced. Based in Dallas, Kelly will lead the bank’s mortgage team in offering a comprehensive portfolio of home financing solutions statewide, including conventional, FHA and VA loans, jumbo loans, bridge notes, second liens and construction loans, including a one-time close product.Read more
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