FRAUD – FRAUD – AND MORE FRAUD: Up to seventy percent of mortgage payment defaults may be linked to borrower misrepresentations on mortgage loan applications, according to the FBI’s latest Mortgage Fraud Report. At a time when the industry is...

With the increased delinquency and foreclosure rates, there is a resulting tightening of underwriting standards across the entire mortgage industry. Prior to the mortgage meltdown we are seeing today, the pendulum had swung way to far to the lenient side...

Hello Manifesto readers! I thought this was a great article and wanted to share it with you. Enjoy! Ignorance may be bliss, but it could mean a lot of pain for all the players in the subprime crisis when a...

Thanks to Originator Times for this article... My comments splashed throughout: WASHINGTON, D.C. – This week the House Judiciary Committee's Subcommittee on Commercial and Administrative Law passed HR 3609, by a party-line vote of 5-4. The legislation would allow bankruptcy...

Thank you to www.americanmortgageeducatorsinc.com for this article. Tawney Warren is the author and one of the four consumer advocates that anchor this wonderful organization and help borrowers and homeowners nationwide. Thank you for your contribution: Whose fault is this mortgage...

Thank you from FDIC and the Financial Services Committee: Statement of Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation on Recent Events in the Credit and Mortgage Markets and Possible Implications for U.S. Consumers and the Global Economy before the...

· Accurate information on your report cannot be changed or removed. · How Information gets on your credit report: Organizations and credit granting companies and/or retailers with whom you have submitted an application for credit or an existing credit account...

We all like to blame the lender for the rates, especially when the rates rise. Did you know that the lender has very little to do with the rate? Your lender may have control over the rate they charge you...

Reverse mortgages are becoming increasingly popular over the last several years. The number of federally insured reverse mortgages increased by over 70,000 in just the last five years. What the consumer needs to realize is that there are a variety...

Jun. 18--Housing speculators who got burned and are walking away from their investments drove the foreclosure rate on prime mortgage loans to a record high in the first quarter, with the problem most prevalent in California, Florida, Arizona and Nevada....