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Former owner of foreclosure rescue business gets 14 years for stealing borrowers’ homes, equity – Barrientos, Aguila, and Anabo then used straw buyers to defraud financial institutions out of millions of dollars in loans obtained under false pretenses. The equity the trio stripped out of the.

Ginnie Mae threatens to boot lenders from bond program over VA loan churning – As Ginnie Mae, the “vast majority” of the loans originated under VA. generate profits for lenders at the expense of veterans,” Rohan said. “Aggressive home mortgage churning creates uncertainty for.

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