MORTGAGES
SOUTH BEND, Ind. (AP) - A veteran police officer has pleaded guilty to bank fraud for his role in an elaborate mortgage fraud scheme that bilked lenders out of hundreds of thousands of dollars.
DRIVE through the typical American neighborhood these days, and you will see disturbing signs of the housing collapse. Whether advertising homes for sale or foreclosures, these signs stand as evidence of leadership failures in the mortgage market.
The FBI has more than 200 agents and 33 task forces addressing mortgage fraud, has more than 1,300 cases under investigation and has targeted 19 large companies, FBI Director Robert Mueller said on Friday.
SOUTH BEND, Ind. ? A veteran police officer has pleaded guilty to federal bank fraud charges for his role in an elaborate mortgage fraud scheme that bilked lenders out of hundreds of thousands of dollars.
A former Bucks County prosecutor has been charged with defrauding mortgage customers. He has pleaded guilty to similar crimes twice before.
SOUTH BEND -- A South Bend police officer has admitted to a mortgage loan scam that involved 190 houses in the South Bend area and bilked lenders out of hundreds of thousands of dollars.
WASHINGTON?The FBI has more than 200 agents and 33 task forces addressing mortgage fraud, has more than 1,300 cases under investigation and has targeted 19 large companies, FBI Director Robert Mueller said yesterday.
COMPARING MORTGAGE PAYMENTS Here's a scenario that shows what a borrower's monthly mortgage payments would have been if he or she had taken out a 30-year fixed-rate mortgage of $500,000 last month when a typical rate was 7 percent, compared with what the borrower would pay if he or she got
A: Private mortgage insurance, also known as PMI, is often required if your down payment is less than 20 percent of the home's purchase price. As the value of your home rises and you pay down some of the loan amount, your equity may surpass 20 percent of its value. In that case, you can apply to drop the insurance coverage.
Mortgage Lenders Network USA Inc. says its needs more time to negotiate a Chapter 11 plan so it can work out a deal with its largest secured creditor, GMAC's Residential Funding Co.
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