RECENT BLOG POSTS
Originally posted on HomeFinancingNews.com. Mortgage fraud is again stepping into the media limelight. NPR's Morning Edition reports on new FBI investigations which are being carried out in Las Vegas, Nevada: a city which is fast emerging as the mortgage fraud capital of America. Current turmoil ...
02/05/2008
Originally posted on Home Financing News. The House of Representatives and the White House today announced plans to issue tax rebates to most tax-paying American consumers. The scheme is designed to infuse the economy with additional money and reduce the impact of a recession. Assuming the bill i...
01/24/2008
Originally posted on Home Financing News. Home refinance applications are up sharply according to the latest numbers from the Mortgage Bankers Association. And some industry watchers think they mark the beginning of a new refinance boom in the months to come. But applications aren't the same as c...
01/17/2008
Originally posted on Home Financing News USA Today has created buzz with a report about the rapid rise of mortgage scams. They cite FBI statistics, which show that almost three times as many mortgage fraud cases were started by the Bureau in 2007 as in 2003. Fraud convictions have also rocketed, ...
01/15/2008
Originally posted on Home Financing News. Various sources are reporting on new attempts by Merrill Lynch and Citigroup to obtain foreign investment in an attempt to shore up mortgage-related losses. Merrill Lynch looks likely to obtain between $3 billion and $4 billion from Middle Eastern governm...
01/10/2008
Originally posted on Home Financing News. Subprime: it's a word which has been flooding the media over the past few months, thanks to the credit crunch and the contracting mortgage market. And now, according to the American Dialect Society, it's the official word of 2007. There are many groups co...
01/09/2008
Originally posted on Home Financing News. A new survey relating to credit scores has been released, and the results have worried some in the financing sector. The survey, commissioned by the Consumer Federation of America and Washington Mutual, focused on just over 1,000 adults in America, and de...
08/07/2007
Originally posted on HomeFinancingNews.com In September, Fair Isaac Corporation will make noticeable revisions to their FICO credit scoring model. Currently they divide consumers up into ten groups, based on credit history. But come the fall two more ‘poor credit’ groups will be added, and the ex...
06/25/2007
Originally posted on HomeFinancingNews.com A sharp decline in May home construction has caused mortgage interest rates to finally drop. Recent weeks have seen 30-year fixed rates roar up to 6.84% from 6.27% in late April. But this week saw that rate slip back down to 6.76%. ARMs and 15-year fixed...
06/25/2007
Originally posted on HomeFinancingNews.com According to the FTC, nine out of ten people reviewing the forms currently used couldn't identify the total upfront cost of their loan. Half of those questioned couldn't correctly tell the loan amount, and two thirds didn't know if there was a prepayment...
06/15/2007
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