TB&W Exec Farkas Facing Jail Time in Fraud Case; Realtors Off the Hook; Ability-to-Repay Reg Z Rule Change; DC Foreclosure Process
April 20, 2011 No CommentsLee Farkas, the former chairman of Taylor, Bean and Whitaker Mortgage Corp., was found guilty on all 14 charges stemming from a seven-year, multibillion-dollar fraud scheme that led to the collapse of his firm and Colonial Bank. Even the photo can make…
Ability to Repay, District of Columbia, Dodd-Frank, mortgage underwriting, Reg Z