Citigroup’s big pending cost cuts this year are to include shutting a 225-job Sunrise mortgage office with employees of the once high-profile Mortgage.com. Citigroup (NYSE: C) is also to close two of.
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Local investor charged in mortgage fraud – A Miami real estate investor, a mortgage broker and a loan processor, both from Tampa, have been charged in a multimillion-dollar mortgage fraud conspiracy. The U.S. Attorney for the Southern District.
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Tampa-based Walter Investment Management Corp. is buying the mortgage unit of Ally Financial Inc., the latest. involves Ally Financial’s correspondent lending and wholesale broker businesses. Best.
Nation’s Housing: FHA reverse mortgage program stops one type of loan – Bob Corker, R-Tenn, told Housing and Urban Development Secretary Shaun Donovan: "You are losing your shirt on reverse mortgages. . . . You have got mortgage brokers out there that are making an.