Current Mortgage Rates Have Millions Of Homeowners “In the Money”

Current Mortgage Rates Have Millions Of Homeowners “In the Money”
Mortgage News Ticker, 2014-11-24 22:06

Current mortgage rates are trolling their lowest levels of 2014, and are near an 18-month best. Combined with rising home values, today’s falling rates make this an excellent time to buy a home or to refinance one.

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Man who placed false liens on federal workers and judges gets prison term (CA)

Sacramento Business Journal
Man who placed false liens on federal workers and judges gets prison term

A jury found Molen, 70, guilty in May for placing false liens claiming $93 million on federal employees, including two federal judges in Sacramento.

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Three Miami (FL) Real Estate Developers Convicted in $20 Million Mortgage Fraud Scheme

Three Miami Real Estate Developers Convicted in $20 Million Mortgage Fraud Scheme

(Source: USDOJ) – A federal jury convicted three Miami real estate developers today for their roles in a $20 million mortgage fraud scheme involvin

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Foreclosure task force makes recommendations

Albuquerque Journal
Foreclosure task force makes recommendations

Recommendations include a ban on robo-signing, which happens when lenders mass-produce foreclosure actions with little or no legal oversight

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Delinquency Rate Drops to Seven-Year Low

Delinquency Rate Drops to Seven-Year Low: Black Knight
by EVAN NEMEROFF
The national delinquency rate fell to a seven-year low through October, according to data from Black Knight Financial Services.
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CFPB Expands, Clarifies Rules Related To Foreclosure

CFPB Expands, Clarifies Rules Related To Foreclosure
on 21 Nov 2014 by MortgageOrb.com email print
The Consumer Financial Protection Bureau (CFPB) is proposing numerous new rules for mortgage servicers to ensure that – in the words of CFPB Director Richard Cordray – “no one is wrongly foreclosed upon.” Most of the new rules expand upon or clarify existing rules on the CFPB’s books. Among them [read more]

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Foreclosure scams costing New Yorkers millions

Foreclosure scams costing New Yorkers millions

Some 2,700 families across the state have been affected by foreclosure scams, which offer false promises of loan modifications, and the problem is …

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