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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 homeownershipCNBC.comA 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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Mortgage-aid revisions paying off for bankers, some borrowersKitsap Peninsula Business JournalIt works by having mortgage customer-service providers, which are mainly arms of banks, refinance borrowers into new loans that are sold to Fannie or Freddie. Because Fannie and Freddie already are stuck with the losses if the existing loans go bad, ...and more » |
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Un-Belize-able!New York PostBy JOSH KOSMAN While billions of bad loans hit home for mortgage servicer Residential Capital yesterday when it filed for bankruptcy protection, the former chief responsible for its failed strategy can seek shelter miles away — in the tropical paradise ...and more » |
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The Importance of Good Credit (First of Two Parts)TempoSince the word “utang” (debt) has developed such a negative connotation in Filipino culture, its English counterpart has received a relatively bad reputation as well. However, this should not be. Good credit, according to the Financial Consumer Affairs ...and more » |
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The Importance of Good Credit (First of Two Parts)Manila BulletinSince the word “utang” (debt) has developed such a negative connotation in Filipino culture, its English counterpart has received a relatively bad reputation as well. However, this should not be. Good credit, according to the Financial Consumer Affairs ...and more » |
December 4, 2008
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