How did James Buchanan secure $1 million in mortgages on a $22K salary

Nationstar Mortgage, the nonbank also known as Mr. Cooper, will pay out more than $1.5 million as part of a settlement with the state of Maryland over allegations that the nonbank illegally charged homeowners for inspection fees. According to the office of Maryland Attorney General Brian Frosh, Nationstar allegedly passed certain home inspection costs on to homeowners despite it being [.]

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Part of James Buchanan’s candidate financial disclosure filing. James Buchanan owes one mortgage to each corporation: one for $800,000 (owed to jamatt properties llc), and the second for $232,610 (owed to Orange Park LLC). Combined they come to a total of 1,032,610 – over 45 times james Buchanan’s 2016 salary.

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The U.S. Consumer Financial Protection Bureau said on Wednesday that it had ordered Nationstar Mortgage LLC to pay a $1.75 million civil penalty for failing to report accurate mortgage transaction.

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Former Vice President of Maryland Bank Sentenced To 3 Years in Federal Prison for Scheme to Steal Over $1.8 Million from Bank Customers. Judge Bennett also ordered Strohman to pay restitution in the amount of $1,611,108.73.

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