Two vultures are in a field, eating a dead clown. One vulture says to the other, “Does this taste funny to you?” The last thing you want to hear about your company is that it “preyed upon” customers, which is the opposite of funny. “Don’t do the crime if you can’t do the time”: A federal court has issued an order banning the operators of the Home Matters USA mortgage relief scam from the telemarketing and debt relief businesses and requiring them to turn over $19 million as a result of a lawsuit by the Federal Trade Commission and the California Department of Financial Protection and Innovation. Named were Home Matters USA, Academy Home Services, Atlantic Pacific Service Group, and Golden Home Services America, and the owners of the companies, Michael R. Nabati, Armando Solis Barron, Dominic Ahiga (also known as Michael D. Grinnell), and Roger S. Dyer… taking millions of dollars from thousands of struggling homeowners seeking mortgage relief. At the other end of the “beneficial” spectrum, the MBA’s Bill Killmer, SVP for Legislative and Political Affairs, will be interviewed tomorrow on L1’s Roundup. (Found here, this week’s podcast is sponsored by Truv. Truv lets applicants verify income, employment, assets, insurance, and switch direct deposits. Unlock the power of open finance, with Truv. Hearn an interview with Rice Park Capital Management’s Chris Bixby and Candor’s Mark Hinshaw on the recent partnership between the two companies and the future of AI underwriting.)

Published On: February 20, 2024 / Categories: Mortgage News /