DALLAS, Oct. 30 /PRNewswire/ -- Mortgage fraud may surpass $2 billion this year, according to coverage from MortgageDaily.com, the dominant source of online news for the mortgage industry.
Georgia's Department of Banking and Finance yanked the license of Advent Mortgage Inc.'s owner. He was cited by the state for "making misrepresentations in loan files submitted to mortgage lenders," among other things.
Countrywide Financial Corp. started the elimination of over 2,500 jobs, a spokesman told MortgageDaily.com. A majority of the layoffs will take place this quarter.
About MortgageDaily.com
Founded in 1998, MortgageDaily.com is the dominant online news source for the mortgage industry. Around one million mortgage business news pages are viewed monthly at MortgageDaily.com and its affiliate publications.
CONTACT: Carmen Garcia 214.521.1300 3811 Turtle Creek Blvd. Suite 700 Dallas, TX 75219
MortgageDaily.com
CONTACT: Carmen Garcia of MortgageDaily.com, +1-214-521-1300
