Appraisers seek curbs on lender pressure Have inflated appraisals helped fuel the current surge in foreclosures by credit-strapped borrowers? Are they at the core of many mortgage fraud schemes? The four largest trade groups representing
17 N.J. residents bamboozled in mortgage scam (Daily Record) A national mortgage scam has ensnared hundreds of victims in 27 states, including at least 17 homeowners in New Jersey, Gannett New Jersey newspapers has learned.read more...
Opposition attacks Costello over tax plan (Reg Req'd) PETER Costello's plan to provide tax relief for middle-income earners has attracted sharp criticism from the Federal Opposition and welfare groups.read more...
Confused by all the Mortgage Options? Here's Help (Advocate Tribune) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
Mortgage Fraud Continues to Change (Banker & Tradesman) By Katie Curnutte Like the housing market itself, the types of mortgage fraud most prevalent in the industry are changing. New Program Designed to Aid Small-Business Loan Creation By Andrea
Getting a Mortgage with Bad Credit (Advocate Tribune) (ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the
Q. We just purchased a home and moved in a month ago. We got an 80/20 loan. I’ve already been told that our mortgage will be sold within 60 to 90 days. I would like to convert to a 30-year fixed for the whole amount. How long do I need to wait before checking into changing it to a 30-year?
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