Mortgage fraud risk rises as jumbos attract more attention

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!"

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Bill Urges HVCC Moratorium

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.

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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.

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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 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.