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Home Loan Fraud Still Rising; Florida Leads Nation (HispanicBusiness.com)
Despite more stringent underwriting of mortgages in the wake of record foreclosures, lenders continued to battle home loan fraud during the second quarter of the year, with Florida borrowers again submitting more questionable loan applications than borrowers in any state in the nation, according to an industry report released Tuesday.
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Florida leads nation in fraudulent mortgage applications (Miami Herald)
Despite more stringent underwriting of mortgages in the wake of record foreclosures, lenders continued to battle the problem of home loan fraud during the second quarter of theyear, with Florida borrowers again submitting more questionable loan applications than borrowers in any state in the nation, according to an industry report released Tuesday.
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Mortgage Fraud Rises (The Tampa Tribune)
In a state that leads the nation in mortgage fraud, Tampa had the second-most cases of suspicious loan activity of any Florida city, according to a report released Tuesday from the Reston, Va.-based Mortgage Asset Research Institute.
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Mortgage Fraud Jumps by 45% on Fewer Loan Applications in U.S., Per the Mortgage Asset Research Institute (MARI) (PR Newswire via Yahoo! Finance)
Reported incidents of mortgage fraud in the U.S. increased by 45 percent on fewer loan applications in the second quarter of 2008 from a year ago, according to a new report released today by the Mortgage Asset Research Institute (MARI), a LexisNexis service.
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ProSchools Helps Mortgage Brokers and Loan Originators Beat Deadline With Online Courses (PRWeb via Yahoo! News)
ProSchools receives approval in Washington to offer four new mortgage broker courses.
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Mortgage applications post largest gain ever (Reuters via Yahoo! News)
Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.
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Mortgage freeze hard on self-employed (Rocky Mountain News)
The government’s recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people — even those with pristine credit — the mortgage freeze has yet to thaw.
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U.S. MBA’s Mortgage Applications More Than Doubled Last Week (Bloomberg)
Dec. 3 (Bloomberg) -- Mortgage applications in the U.S. surged by a record last week as lending rates plunged after the Federal Reserve pledged to buy mortgage-backed debt.
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UPDATE 1-US mortgage applications post largest gain ever (The Forex Market)
NEW YORK, Dec 3 (Reuters) - U.S. mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.
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HOUSING: Mortgage fraud jumps, report says (North County Times)
Reports of mortgage fraud increased dramatically during the second quarter this year compared with the same time a year ago, according to a report released Tuesday.
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