Thursday, August 18, 2011

Housing Bust Provides New Openings for Mortgage Fraud

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings:
Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

Aug 18, 2011 12:15PM

Housing Bust Provides New Openings for Mortgage Fraud

The housing boom created a rich climate for mortgage fraud and while the bust that followed the boom has changed the nature of the crime, it has provided continued opportunities which the Federal Bureau of Investigation (FBI) is attempting to quantify. The Bureau has released a study that attempts to quantify the breadth and depth of mortgage fraud in 2010 so FBI program managers and the general public can better understand the current threat. The report says that fraud continued in 2010 at elevated...

Aug 18, 2011 12:17PM

Existing Home Sales Fall 3.5% - Prices Slip Again

The National Association of Realtors ® reported today that existing-home sales in July were down from the previous month but were significantly higher than a year earlier. Existing home sales include completed transactions on single-family homes, townhomes, condominiums, and cooperative apartment. The annualized rate of existing home sales fell to 4.67 million in July from 4.84 million in June, a drop of 3.5 percent . The June figure was significantly revised upward in this month's report from...


Micro News

4:33 PM:

Treasury Receive B TARP Repayment from AIG

3:55 PM:

Is it Really Friday Already? No Data Scheduled. Time to "Trade it Out."

2:56 PM:

Update on Treasury's MBS Wind Down – Taxpayers Recoveries Reach 70 Percent Milestone

10:40 AM:

HUD: New FHA Mortgagee Letter

10:37 AM:

Freddie Mac: Mortgage Rates Lowest in Over 50 Years

10:17 AM:

NAHB: Housing Affordability Hovers Near Record Level as Some Markets Begin to Stabilize

10:12 AM:

ECON: Philly Fed Activity PLUMMETS in August

8:51 AM:

Fed Concerned About European Banks in US Ability to Fund Themselves

Around the Web

Video News

Undervalued Homes: Housing Haven?

Chang Says Bulk Buying Would Ease U.S. Housing Crisis

July Existing Home Sales Down 3.5%


Today's Comments

Davor Blazevic

"So what you are saying is, if I am at a 6.25 rate I should refinance ASAP? The process takes a while though I wonder how soon they can lock this crazy..."

Frank Ceizyk

"The uncertainty undoubtedly must be exacerbated by the unpredictability of real estate and mortgage transactions. How many times was a "bottom"..."

Show Rates

"hey Adam - thanks again...through other occurrences I was able to get the deal swapped to 4.25% and very little to no closing costs...needless to say VERY..."

Today's Q&A

Anonymous

"Is it illegal for a bank to sell a loan to another entity without..."

Anonymous

"To calculate my next months interest amount, do I multiply the..."

Anonymous

"Is a mortgage considered a respa document?"

Today's Forum Discussions

d_r

"Loan Scenario View All Post A Scenario Loan State: District of Columbia Loan County: --- Loan Type: Refinance (Rate and Term) Loan Amount: $560,000 Property..."

tamim sakib

"Grow tents work well for all types of hydroponics systems, as well as soil-based methods as well. Hydroponics is a method of growing plants without the..."

Joe White

"Loan Scenario View All Post A Scenario Loan State: California Loan County: --- Loan Type: Refinance (Rate and Term) Loan Amount: $121,000 Property Value..."

No comments:

Post a Comment