Mortgage Fraud Skyrockets, Demand Grows for Forensic Services Mortgage fraud in the US has skyrocketed, according to a new report from the Mortgage Asset Research Institute (MARI). The study (which MARI compiled data from the biggest names in the lending industry, including Fannie Mae, ...The Basics of a Mortgage If you have been reading my blog you probably know that I will be taking out my first mortgage on a condo on October 3rd. I have been reading up on the basics of a mortgage to fully understand what I am getting myself into. ... Is the BiSaver Mortgage Payment Program a Good Idea? One of the ways you can save money on your home mortgage loan is to make a biweekly mortgage payment, rather than one that is monthly. This actually reduces your principal, reduces the amount you pay in interest over the life of the ... When you can’t afford your mortgage (Soon we will) miss our mortgage payment. Is a short sale the way to go? Our mortgage company said they would rather go that route and sent us a packet to fill out. What will happen after that? I have heard that if the debt shows ... Reverse Mortgage News Headlines The New Rules on Reverse Mortgages (US News); The Survival of the Reverse Mortgage Industry (Dennis Haber Blog); Getting a Reverse Mortgage: Smart Move or Something to Avoid? (Consumer Affairs); Value Financial Expands Warehouse Funding ... Mortgage Meltdown Blues It's impossible to say yet whether we've fully weathered the mortgage crisis. Things look to be stabilizing but if the economy turns down much more there could be another tsunami of defaults, this time among prime borrowers with ... Mortgage Foreclosures in US Rise at Fastest Pace in Almost Three ... Source: [b]Bloomberg[/b] By Kathleen M. Howley Sept. 5 (Bloomberg) -- Foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more Americans ... Merrill’s Mortgage Bet Merrill earlier this week — as TheStreet.com and Bloomberg reported last month — said it had hired Michael Nierenberg to head global mortgages and securitized products, and James De Mare to oversee mortgage trading. ... Mortgages arrears show sharp rise Arrears and repossessions among prime mortgage borrowers jumped sharply in the second quarter, according to a report by Moody’s which suggests that home loans are deteriorating even among borrowers with good credit records. ... FDIC Report Highlights Suggestions for Expanding Mortgage Loans to ... The FDIC today issued a report on ways mortgage lenders can responsibly and profitably expand the availability of home loans to low- and moderate-income (LMI) borrowers and still make a profit. The report — a summary of best practices ...
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