As more homebuyers lean towards jumbo loans given their competitive rates in today’s market, the mortgage-fraud risk for this particular product type is on the rise. Data provider Interthinx made.
CoreLogic: 10.4 million mortgages still in negative equity Nearly 10 Million Homeowners Still Underwater on Mortgage Loans – Rising home prices have floated 9.7 million homeowners with underwater mortgages. in jeopardy. CoreLogic’s CEO noted: The negative equity burden continues to recede across the country thanks.
More mortgage loan applicants are committing mortgage fraud by lying on their applications. Experts say a tight lending environment is to blame. In the 1958 film Auntie Mame, the title character says, "Life is a banquet, and most poor suckers are starving to death!"
Phishing for Wire Transfers. August 1, 2017. As president and chief executive officer of Texas-based Rattikin Title Company, Jack Rattikin III has plenty of things that occupy his attention. Third-party vendor oversight and threats to the rating structure in Texas are two top-of-mind issues, but they’re not what keeps Rattikin up at night.
Understanding the Basics of Mortgage Fraud 37 In general, builders cannot require buyers to use a specific lender or title agent as a condition of the sale. Allegations against builders for this practice include: Raising the prices of homes when buyers decline to use the builder’s mortgage affiliate or subsidiaries.
FDIC Warns Banks on HELOC Freezes, REO Management HSBC USA Inc FY2013 Form 10-K – Part 1 – Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No ¨ Indicate by check mark if the registrant is not required to file.
Jumbo loans are the new ‘black’ in lending thanks to the product’s attractive rates in the current market. The only problem is this new found popularity comes with increased risk for mortgage fraud.
ReverseVision launches interactive comparison tool for reverse mortgages HousingWire’s weekly news podcast #4 Listen: la liga weekly podcast| Shin – Fan News Last Updated: 30/10/17 4:57pm Jon Driscoll, Terry Gibson and guillem balague discuss all the recent talking points from the past week in the La Liga.Jeff Birdsell of ReverseVision Named MBA Tech All-Star by Mortgage Banking Magazine – March 8, 2016 (SEND2PRESS NEWSWIRE. innovator in the reverse mortgage industry. ReverseVision continues to improve its software with frequent new innovations and by building on pioneering.
Fannie Mae: Home construction jobs still years from recovery The U.S. housing market will resume its recovery in 2015 after a "disappointing" year as sales accelerate, construction increases and mortgage credit eases, according to a Bloomberg survey of 25.. Navigating this web site: Entries are not in alphabetical order but instead age order.
Mortgage fraud risk rises as jumbos attract more attention Quantarium to sponsor 2019 engage.marketing event in Charlotte NY Establishes Loss Mitigation, fair dealing duties for Mortgage Servicers
Victim in bond fraud case says he’d still deal with a liar. Recent stock market volatility may further constrain jumbo lending, while inflation concerns have lenders paying close attention to rising mortgage rates. Stocks Bonnie Sinnock February 6, 2018.