· A Housing and Urban Development (HUD) reverse mortgage guide for seniors and disseminated by the National Council on Aging. Fraud fighter call center. 1-800-646-2283 This program accepts reports of telemarking fraud and uses peer counselors to help callers figure out how to distinguish legitimate businesses and charities from bogus ones.
According to the report, the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications climbed 7.4% from the previous month, increasing 4.8%.
Short sales and foreclosures equally degrade FICO scores A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs for both the creditor and borrower. The negative impact on the borrower’s credit score is typically smaller in a short sale than in a foreclosure, but a short sale usually involves a lot more paperwork for all parties.
An estimated 12,184 mortgage applications filed. The highest year-over-year growth in application fraud risk was noted in Louisiana, up 17.1% compared with the second quarter a year ago. The states.
Just the word “fraud. With state-of-the-art technology, Comerica Bank funds loans within seconds, ensuring satisfied borrowers and happy loan officers. Warehouse lenders come and go, but Von.
A particularly elaborate property tax scam in San. for a reverse mortgage borrower to be scammed.
Fees for mortgage services that aren’t provided; illegal tactics to collect on mortgage balances; Also, file a complaint with your state consumer protection office about a mortgage fraud or scam. Submit a complaint about a foreclosure scam with the HOPE NOW Alliance. Call 1-888-995-HOPE (1-888-995-4673) or (TTY 1-877-304-9709).
See the top 10 states for reported mortgage fraud, according to the LexisNexis Mortgage Fraud Index, with their ranking in 2012 versus 2011 in the chart to the right.
MBA: Job creation problem lies at nexus of hirings, opening and quits Against any economic department. I would put our undergraduates up against other school’s MBA students!" These words from Greg Brown, the director of the Kenan Institute, helped open the day’s events on April 26, as past and present kenan scholars and leadership fellows gathered for the inaugural Kenan scholars alumni gathering.CoreLogic: Market to blame for pushing home prices higher · At first glance, sky-high prices and precipitous drops in home sales suggest that home prices are higher than the market is willing to pay, and that a decline in prices.
· Florida includes eight of the top 15 metro areas for mortgage fraud risk. The 15 metro areas with the highest mortgage fraud risk and the quarter-over.
Home Depot will pay at least $19.5 million in data breach settlement In the latest settlement of legal claims arising out of a massive 2014 data breach at Home Depot, the retailer has agreed to pay $27.25 million to affected financial institutions. Illustrating the real-world impact of poor security practices, a two-and-a-half-year-old data breach is ultimately going.Ellie Mae: Encompass Lending Platform enhances mortgage automation First Data Announces Integration with Ellie Mae® to Facilitate Lending-Related Payments – today announced an integration with the Ellie Mae® ELLI Encompass Consumer connect lending platform. Together, the two companies will integrate secure payments technology to process mortgage and.
Recent data has not brought any surprises or changes to the current economic picture in the United states. inflation remains. Award season is wrapping up, and Academy Mortgage and its Loan Officers.
In United States federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud, and money laundering, with penalties of up to thirty years’ imprisonment. As the incidence of mortgage fraud has risen over the past few years,  states have also begun to enact their own penalties for mortgage fraud.
and a separate $8.8 million payment to state mortgage regulators. The New Jersey State Attorney General will receive $160,000. Borrowers who were subjected to PHH foreclosures during the eligible.
New home sales drop in August The Existing-Home sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.