Topic: Home Financing
<div id="subtitle">Summary Box: Report finds mortgage fraud still a problem; incidents rise 7 percent in 2009</div><div><p>THE NEWS: Incidents of residential mortgage fraud rose 7 percent last year, a sign that scammers are still targeting the industry despite more diligent efforts to find ...
<div id="subtitle">Report finds fraud still a problem for mortgage industry; incidents rise 7 percent in 2009</div><div><p>Incidents of residential mortgage fraud increased last year, a sign that scammers are still targeting the industry despite more diligent efforts to find and report such activity.</p><p>The ...
<div id="subtitle">Average rates on 30-year mortgages unchanged, but still above 5 percent</div><div><p>Rates on 30-year mortgages didn't budge from last week and remained above 5 percent, Freddie Mac said Thursday.</p><p>The average rate for 30-year fixed-rate mortgages was 5.07 this week, the same as ...
Good timing! As the SEC attacks Goldman, we get an instructional example of the securities involved, as well as the consenting adults&nbsp;involved, with a proposed&nbsp;mortgage-backed-security offering from Redwood Trust (RWT). To be clear, I am not an expert in these securities. &nbsp;Rather, ...
Watchdog report warns latest effort to aid homeowners makes program more vulnerable to fraudRecent changes to the Obama administration's mortgage assistance program may make it more vulnerable to fraud, a government watchdog says.The changes, announced last month, are intended to make it ...
<div id="subtitle">Mortgage rates decline after sharp increase last week; still above 5 pct</div><div><p>Rates for long-term mortgages dropped this week but still remained above 5 percent, Freddie Mac said Thursday.</p><p>The average rate on a 30-year fixed rate mortgage was 5.07 percent this week, ...
US homes facing foreclosure jumped 16 percent in 1st-quarter as banks take back more homesA record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog ...
More homeowners facing foreclosure get help, although some disqualified from Obama planThe number of homeowners in the Obama administration's flagship foreclosure prevention program is growing, data released Wednesday show. Yet it's not all good news.About 231,000 homeowners have completed loan modifications through ...
NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.Foreclosures are by far one of the ...
NEW YORK (Reuters) - U.S. mortgage applications fell for a second straight week, with a slump in demand for government loans driving activity to its lowest level in three months, data from an industry group showed on Wednesday.Demand for home loan refinancing ...