Thursday, December 1, 2011
While incidences of mortgage fraud have remained steady over the past six quarters overall, submissions of fraudulent employment/income information are on the rise, according to the latest Mortgage Fraud Risk Index by Interthinx.
Employment/income fraud on mortgage applications increased 8.8 percent during the third quarter of 2011.
Monday, November 28, 2011
Applications for home purchase loans dropped by 20 percent in October from September, even though mortgage rates in October held close to their lowest levels of the year. Compared with one year ago, applications for home purchases were unchanged.
Read the full story
http://blogs.wsj.com/developments/2011/11/11/applications-for-purchase-mortgages-declined-in-october/?mod=WSJBlog&mod=WSJ_Real Estate_BLOGSDEVELOPMENTSFEED
Monday, October 31, 2011
Refinancing made up 79 percent of all 2011 mortgage applications as of early October, according to the Mortgage Bankers Association. However, industry experts warn against rushing into refinancing, especially for first-timers.
Read the full story
http://www.nytimes.com/2011/10/23/realestate/mortgages-knowing-when-to-refinance.html?_r=1&ref=realestate
Monday, October 24, 2011
A 4 percent mortgage sounds too good to be true – and for more than 90 percent of borrowers, it is.
Read the full story
http://money.cnn.com/2011/10/19/real_estate/mortgage_rates/index.htm?iid=Lead
Thursday, December 23, 2010
Struggling homeowners can sometimes benefit from hiring a lawyer to try to modify a mortgage or avert foreclosure, but avoiding scam artists and sketchy practices requires vigilance.
