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The Latest Mortgage News

Current Mortgage Rates for Friday November 21, 2014

This Friday is ending the week with the national average for conforming mortgage and ARM rates mostly on the way … Read

California Attorney Found Guilty in $13 Million Loan Modification Fraud Scheme

Following a three-week trial in San Diego federal court, an Oceanside, California attorney who was indicted in 2012 for operating … Read

Mortgage giants’ stance against principal reduction may be softening

(Source: LA Times) – Jaime Coronel’s pick and shovel sat idle when the recession made landscaping jobs scarce, and the … Read

Florida’s Housing Market: Rising Sales, Prices in Oct. 2014

(Source: Florida Realtors) ORLANDO, Fla.- Florida’s housing market reported more closed sales, higher median prices and a rising inventory in … Read

Veterans: Take advantage of student loan forgiveness, but don’t let it damage your credit

(Source: CFPB) – For some veterans, their time in uniform caused a severe service-connected disability. This dramatically impacts their life after … Read

Eleven Northern California Real Estate Investors Indicted for Bid Rigging and Foreclosure Fraud

Investigations have Yielded 47 Plea Agreements and Four Indictments to Date (Source: USDOJ) WASHINGTON — A federal grand jury in San … Read

Convert the Mortgage Interest Deduction to a 15 Percent Tax Credit

(Source: CBO) Homeowners can deduct mortgage interest and property taxes from their income if they itemize deductions. Under current law, … Read

Black Knight: Delinquency Rate Falls to Seven-Year Low

(Source:Black Knight Financial Services) JACKSONVILLE, Fla. * Prepayments (historically a good indicator of refinance activity) increase for first time since … Read

Jumbo-Loan Challenges for Retirees

Because of income requirements, retirees may have trouble qualifying for a jumbo mortgage. Advance planning can avert these issues. (Source: … Read

Developers’ Sentiment About Multifamily Market Off Recent Peak, but Remains Positive

(Source: NAHB) WASHINGTON – The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), reached 54 … Read

Arizona Housing Assistance Event in Maricopa County

(Source: AZ AG ) – The Office of the Attorney General and Neighborhood Housing Services of Phoenix invite you to … Read

Is the FDIC Subsidizing a Too Big to Fail Merger?

(Source: American Banker) –  The proposed merger between CIT Group and OneWest Bank would be one of the first times … Read

Freddie Mac Changes to Representation and Warranties Aim to Help Expand Responsible Lending

(Source: Freddie Mac) MCLEAN, VA – Today Freddie Mac (OTCQB: FMCC), at the direction of the Federal Housing Finance Agency (FHFA), announced … Read

South Carolina Woman Charged with Bank Fraud

(Source: FBI) – COLUMBIA, SC—United States Attorney Bill Nettles stated that his office has filed an Information charging Yvondia “Susan” … Read

Freddie Mac: Fixed Mortgage Rates Dip Just Below Four Percent

(Source: Freddie Mac) MCLEAN, VA – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average … Read

Current Mortgage Rates for Thursday November 20, 2014

The current national average for conforming mortgage and ARM rates are on the way up today. Here is a quick … Read

Founder of DECA Financial Service in Fishers Charged in $5 Million Fraud

(Source: FBI) INDIANAPOLIS—Josh J. Minkler, Acting United States Attorney announced today the arrest of an Indianapolis man for bank fraud, … Read

Wells Fargo Launches Private Student Loan Modification Program

Program will assist financially distressed private student loan customers (Source: Wells Fargo) SAN FRANCISCO – As the nation’s largest private … Read

Mortgage broker with Savannah ties stripped of license

(Source: Savannah Morning News) – ATLANTA — A mortgage broker who has worked with several Savannah-area companies has surrendered his … Read

Financial Officer Convicted of Stealing More Than $1.2 Million from a Client

(Source: FBI) GREENBELT, MD—Travis Wetzel, age 35, of Frederick, Maryland pleaded guilty today to wire fraud and money laundering in … Read

Warner, Warren Urge FHFA Action on Housing Finance Infrastructure and Access to Credit

(Source: US Senator Warner) Washington, DC – United States Senators Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) today wrote a letter … Read

Ohio Attorney Receives Indefinite Suspension from the Practice of Law for Mortgage Fraud Scheme

(Source: Ohio Court News) OHIO – in 2012, William C. Helbley Jr. of Youngstown was convicted of a felony for … Read

17 People in Florida Charged in Connection with Stolen Identity Tax Refund Fraud Scheme

(Source: FBI) – Seventeen individuals were arrested today, 14 of whom are or were students at Miami Dade College, for … Read

Former Texas Bank Manager Sentenced to 41 Months in Federal Prison on Bank Fraud

(Source: FBI) – LUBBOCK, TX—A former Branch Manager at BBVA Compass Bank in Big Spring, Texas, (BBVA Big Spring) was … Read

Current Mortgage Rates for Wednesday November 19, 2014

The current national average for conforming mortgage and ARM rates are still mostly the same as they have been all … Read

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