Spotting Mortgage Fraud (WSFA 12 Montgomery)
With local properties and agents under possible scrutiny from the Federal Government, WSFA 12 News shows you the warning signs of possible mortgage fraud.
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Dow closes below 12,000 on oil prices, bank fears Stocks fell sharply on Friday with the Dow closing below 12,000 for the first time since mid-March as rising oil prices and warnings of more mortgage-related write-downs at banks reignited
Are you in the market for a jumbo mortgage? We want to talk to you (The Journal News) Are you in the market for a jumbo mortgage, one above $417,000? The federal government has raised the ceiling on mortgages that Fannie Mae and Freddie Mac may guarantee, increasing
Merit Funding Launches Interest Only California Mortgage Option Loans for Residential Purchase or Refinance Loans (PR Web) Merit Funding, Inc of California is providing residential mortgage borrowers with a new flexible payment interest only mortgage program. Each month, a borrower has the option to make an interest
Nationwide in 95% mortgage market (Financial Times) Nationwide has launched a new mortgage for existing borrowers who have just 5 per cent equity in their homes. The lender is the first to re-enter the high loan-to-value market
Federal mortgage tax cap could slam S. Florida homeowners (Sun-Sentinel) If a plan to slash the tax deduction for interest on mortgage loans became law, it would reach deep into the pockets of many South Florida homeowners.read more...
Equity Losses Aren't Felt Evenly As a homeowner, seller or buyer, what should you make of the Federal Reserve's latest report on Americans' declining home-equity positions? read more...