FBI Assigns 200 Agents to Mortgage Fraud Probe "Clearly, in the last couple of years, we have seen a substantial increase in mortgage fraud cases, and my anticipation is that we will continue to see that increase"
U.S. Home Resales Rise, Pushing Median Price Above $200,000 for First Time The median price of a previously owned home topped $200,000 for the first time in April, capping the biggest annual increase in a quarter century, as Americans bought housing at
Fitch Affirms Washington Mutual's Commercial Mortgage Servicer Ratings (Centre Daily Times) Fitch Ratings affirms Washington Mutual's commercial mortgage-backed securities (CMBS) primary servicer rating at 'CPS3+', its master servicer rating at 'CMS3', and its special servicer rating at 'CSS3'. The ratings reflect
U.S. home sales declined in April The National Association of Realtors said U.S. existing home sales dropped 1 percent in April to a seasonally adjusted annual rate of 4.89 million units.read more...
Mortgage Fraud Ring Dupes Las Vegas Home Sellers (KLAS-TV) The FBI has identified Nevada as one of the top ten mortgage fraud hot spots in the nation. According to the FBI mortgage fraud costs lenders more than $1 billion
Group: Housing Slowdown May Hurt Economy WASHINGTON -- The five-year housing boom is showing increased signs of cooling, and that's likely to mean slower growth for the entire national economy. The big question now is
Dear Bob: Which home mortgage fees are proper for a lender to charge borrowers? I recall you said some fees are unnecessary junk or garbage fees to avoid ? Stephen O.
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