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Mortgage fraud upThis is SomersetFraudulent mortgage applications increased by eight per cent year on year in 2011, as "financially stressed" consumers tried to hide their bad credit ratings and lied about their jobs, a study has suggested. A record 34 in every 10000 applications for ...and more » |
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Foreclosed Americans find way back to homeownershipReutersA conventional mortgage typically carries a lower interest rate than does an FHA-backed loan, but it also requires a credit score of at least 720, proof of income and a significant down payment. In contrast, FHA loans historically have been available ...and more » |
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Borrowers Face “Interrogation” From Mortgage LendersRealtyBizNewsby Mike Wheatley - 16 May 2012 The majority of consumers fail to realize exactly what lenders will ask them about when it comes to applying for a mortgage loan, and as a result, many borrowers are shocked about some of the things that banks will ask of ...and more » |
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Efforts in place to deter loan fraudRedlands Daily Facts1 cause of the economic debacle that started in the last decade would be attributable to the mortgage meltdown. It was bad mortgages that brought down Lehman Brothers to a great extent, and put insurance giant AIG on the ropes due to the large stake ...and more » |
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Ga. mortgage problems dropping, regulators sayThe Augusta ChronicleThey may have failed the required tests or simply didn't have their personal finances in order since a bad credit rating is a basis for denial. Deputy Commissioner Rob Carnes said a new federal law requires states to license mortgage originators, ... |
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Hardmoneyloans.org Now Offers Hard Money Loans in CaliforniaVirtual-Strategy MagazineThe company can help people fund their residential and commercial properties in a timely manner while keeping hassles to a minimum. In addition to bad credit loans, the company is currently offering hard money and mortgage loans in the following areas: ...and more » |
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The Importance of Good Credit (First of Two Parts)Tempo“The more creditworthy we are, the more attractive we appear to lenders, the better our chances of receiving favorable rates and terms, and the shorter time it takes for our credit to be approved,” the FCAG said. When it comes to our home, mortgage ...and more » |
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The Importance of Good Credit (First of Two Parts)Manila Bulletin“The more creditworthy we are, the more attractive we appear to lenders, the better our chances of receiving favorable rates and terms, and the shorter time it takes for our credit to be approved,” the FCAG said. When it comes to our home, mortgage ...and more » |
December 4, 2008
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