American Home Mortgage manager going ...

American Home Mortgage manager going to prison -

There are 84 comments on the Newsday story from Aug 28, 2007, titled American Home Mortgage manager going to prison -. In it, Newsday reports that:

A U.S. District Court in Alaska Monday sentenced a former American Home Mortgage branch manager to serve more than two years in prison and pay a $50,000 fine and $190,000 in restitution in connection with wire ...

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steve

Rye, NY

#83 Sep 7, 2007
I sold my old shit hole of a house in valley stream for $488,000. Now I assume it is worth $325,000. And of course a nice family would be crazy to buy it for $200,000. When people start to get laid off of their jobs and others start getting pay cuts the buble will really burst! Try spending a little time in Brentwood and picture the rest of L.I. like that in 15 years. Where will you and your children be living?
Consumer Rights Activist

Akron, OH

#84 Oct 5, 2007
Overtime Class Action Investigation | Countrywide Financial

If you were employed by Countrywide Financial as a mortgage loan officer, processor, originator, or consultant (and then laid-off) you might want to contact some overtime class action attorneys investigating various employment issues, including unpaid wages and overtime:

http://www.classactionconnect.com/...

[email protected]..that' s me!!!”

Since: Jan 07

Bohemia

#85 Oct 5, 2007
Consumer Rights Activist wrote:
Overtime Class Action Investigation | Countrywide Financial
If you were employed by Countrywide Financial as a mortgage loan officer, processor, originator, or consultant (and then laid-off) you might want to contact some overtime class action attorneys investigating various employment issues, including unpaid wages and overtime:
http://www.classactionconnect.com/...
hmmm funny, their is a similar suit against New Century Financial
Barry

AOL

#86 Oct 9, 2007
Underwriter is so right on with their process, the more you turned your head the better you were.
Sandy wrote:
Duh, this dude and the many other thousands of agents out there. I would say (I am an underwriter) that 50% or more of stated loans were this way. And when many prudent underwriters questioned the validity of the loans, we were wacked on the side of our heads by the sales, underwriting and branch managers. The underwriters that looked the "other way" were referred as "great underwriters" as their approval rates were higher. Many branch managers who wanted higher bonuses for production went over the heads of the underwriters and approved as a "business decision".. What a conflict of interest!!!

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