· Now the housing market is strong again, and the successors to those eager financial institutions – known as non-bank lenders – have quickly become the largest source of.
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The Tampa Bay area is among the U.S. metro areas most at risk for mortgage application fraud. According to the real estate information firm corelogic, the bay area ranks sixth in the rate at which.
Economists said it’s a relatively safe time to use zero-down programs, as home values continue to rise and the labor market.
Mortgage Fraud Is Rising, With a Twist. By Robbie Whelan updated aug. 23, 2010 12:01 a.m. ET New data suggests that mortgage fraud-which got tougher to pull off after the collapse of the U.S. real estate market-is returning in a big way. Data prepared for The Wall Street Journal by research firm CoreLogic, examining about seven million home loans.
Fisher, professor of law at Seton Hall Law School who has testified before Congress on the effect of mortgage fraud on consumers. pace for news coverage spanning the issues driving the U.S. housing.
The mortgage industry is in dire need. more than you are willing to pay. Fraud almost always catches up with you; exposing your true, so-called leadership, or lack thereof. In 2012, mortgage fraud.
Mortgage fraud is rising, with criminals devising new schemes to separate people from their money. A difficult economy has placed many people in dire straits with their mortgages. People who are trying to avoid losing their homes often become desperate, causing them to explore creative financing options. fraud may hide within many of these creative options.
Mortgage News Daily provides up to the minute mortgage and real estate news including mortgage rates, mortgage rss feeds and blog.
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The mortgage industry, applying far more scrutiny after a tidal wave of defaults, reported a record number of mortgage fraud incidents last year. and former chairman and CEO of Minneapolis-based.
One of the few things not in dispute in the criminal case against Abacus Federal Savings Bank is that it began with a mortgage closing. Abacus’s fraud epitomizes the reckless behavior that.
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