Lenders are using a variety of tools to prevent mortgage fraud
Websites and other tools can help nab fibbers who just want to buy a house, as well as out-and-out perjurers looking to bilk lenders out of hundreds of thousands of dollars. Don’t even think about fudging on your application for a mortgage by inflating your income a tad, checking the box to indicate you’re going [...]
Consumer bureau plans new rules on mortgage fees
Proposals from the Consumer Financial Protection Bureau include requiring flat origination fees so that consumers could more easily compare them. WASHINGTON — The Consumer Financial Protection Bureau is considering new rules on mortgage fees, including banning origination charges based on the size of the loan.
Consumer watchdog weighs limits to mortgage fees
The government’s consumer-finance watchdog is weighing an overhaul of the fees consumers pay to obtain mortgages.
Fannie, Freddie are set to reduce mortgage balances in California
The mortgage giants sign on to Keep Your Home California, a $2-billion foreclosure prevention program, after state drops a requirement that lenders match taxpayer funds used for principal reductions. As California pushes to get more homeowners into a $2-billion foreclosure prevention program, some Fannie Mae and Freddie Mac borrowers may see their mortgages shrunk through [...]
Force-placed insurance, an unnecessary burden for strapped mortgage borrowers – Chicago Tribune
As if homeowners who have fallen behind on their mortgage payments don’t have enough woe, it now appears that some are being gouged by insurance policies their loan servicers are taking out on their homes — and obligating them to pay for.
US rate on 30-year mortgage dips to 3.88 percent
The average rate on the 30-year fixed mortgage has dipped to near its record low, keeping home-buying and refinancing affordable.
New York Mortgage Coalition Awards Grant to Prevent Bedford-Stuyvesant Home Foreclosures
The New York Mortgage Coalition , a non-profit that helps low-to moderate income New Yorkers become homeowners and prevent foreclosures, announced the award of the 2012 Power of Collaboration Grant to the Coalition for the Improvement of Bedford-Stuyvesant , a Brooklyn-based network of nonprofits.
Home Foreclosures To Increase Rapidly After $26 Billion Mortgage Settlement Is Finalized – The Inquisitr
Tens of thousands of squatters throughout the United States may soon find themselves thrown into the streets as a $26 billion mortgage settlement. Under the settlement the nation’s five biggest mortgage lenders have agreed to speed up the …
Rate on 30-year mortgage falls to 3.88 percent
The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify.
Home Foreclosures To Increase Rapidly After $26 Billion Mortgage Settlement Is Finalized
Tens of thousands of squatters throughout the United States may soon find themselves thrown into the streets as a $26 billion mortgage settlement. Under the settlement the nation’s five biggest mortgage lenders have agreed to speed up the foreclosure process for tens of thousands of homes by creating new strict guidelines that banks must follow [...]