Tag Archives: Regulators

Explosive News: DOJ Goes after CoreLogic!

The Department of Justice has sent a Civil Information Demand  (CID) notice to CoreLogic. The CID  requires CoreLogic turn over documents and answer questions.   The article by Rob Hahn explains that the case revolves around not only the search features of the MLS systems, but the contracts and agreements on the use of MLS data… Read More »

It Was One of Those Weeks….

Things went a bit crazy, but in a very good way! Monday April 29th, VaCAP launched a consumer protection campaign on WRVA 1140 AM News Radio.  Our email and social media accounts  were non stop.  Many of our sister Coalitions in The Network of State Coalitions helped spread the word and shared our Press Release… Read More »

AMC being sued for Bifurcation

AMC being sued for Bifurcation! VaCAP was forwarded an article this afternoon by one of our members.  The article from Foreclosurepedia is dated August 15, 2018 and concerns a class action law suit filed by property inspectors. ServiceLink Field Services, a division of ServiceLink is being sued for misclassifying employees. From the complaint filed in… Read More »

Judge Orders Quicken and DOJ/ HUD to Mediation

Going on  over three years now, the  law suit between the Department of Justice and HUD against Quicken Loans was ordered to mediation to settle prior to the upcoming trial start date. The allegation that is the center of the lawsuit,  concerns  loans Quicken submitted to FHA that  did not comply with HUD/ FHA requirements.… Read More »

Proceed with Caution

VaCAP has been following the Clarocity Corporation Soap Opera since one of our members had trouble getting paid from them back in November of 2017.  After doing a bit more research on them, we issued a warning to our members in December 2017 to pay attention as Clarocity was in financial trouble. We kept watching… Read More »

Price Fixing, Who’s Shocked?

The State of Pennsylvania has filed a class action law suit against some of the biggest banks and financial institutions in the country. The claim is these companies conspired to fix the prices on almost $500 billion in bonds issued by Fannie and Freddie over a mere 5 year period from 2009-2014. The named defendants… Read More »

USPAP or NOT?

Another Mueller Report has surfaced…. The report is a Mueller REO Hybrid Appraisal Report and it was given to an appraiser as a sample. This one raises more questions than the last one! The photos from the property inspection do not tell the appraiser one thing. The photos are dark and the repairs the inspector… Read More »

Is This Fraud or What?

Is the Welcome Mat Down and the Door Opened Wide for Fraud? “What Appraisers Need to Know about Property Data Collection” is a topic of discussion in the latest Fannie Mae Newsletter.  The article describes how property data is being collected and being sent to Fannie Mae to determine the type of valuation that is… Read More »

Is it Really That Difficult?

The information is on the website… They could have picked up the phone and called… They could have sent an email… They could have sent a fax… Did They?   A recruiter for Mueller Services, Inc. (Mueller Reports) contacted a VaCAP member about joining their team as a W-2 employee to complete bifurcated appraisals. Our… Read More »

Worthy of Reposting and Sharing

AppraisersBlogs has published an article this morning that is worthy of sharing.  The article highlights a reason lenders want automated values and not appraisers.  The reason may surprise you.   Check it out for yourself.  While you are there, please show AppraiserBlogs how much you appreciate their dedication to the profession by clicking a few Google… Read More »