Articles Tagged with 'mortgage'

Consumer Spending Falls 2.8% in 2009

October 11, 2010
Mortgage interest payments and charges fell from $3,890 in 2007 to $3,594 in 2009, evidence of the higher than normal mortgage default rate, falling house prices, lower rates of homeownership, and declining mortgage interest rates over the period. READ MORE

FTC Proposes Rule to Ban Deceptive Mortgage Ads

September 28, 2010
The agency's enforcement program has included many cases against mortgage lenders, brokers, and others for allegedly deceptive mortgage advertising. READ MORE

Attorney Charged in Property Mortgage Scam

September 23, 2010
Lenders were led to believe they were lending to residential purchasers who had made substantial down payments. READ MORE

Five More Mortgage Fraud Schemes

August 24, 2010
The Federal Financial Institutions Examination Council warns financial institutions to be on the watch for these common mortgage schemes. READ MORE

FBI Mortgage Fraud Takedown Nets 500 Arrests

June 25, 2010

“Operation Stolen Dreams” has led to 485 arrests, 330 convictions, and the recovery of $11 million.

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CU Embraces 'Make Sense' Approach to Lending

June 23, 2010

When Lyle Wermund determines whether to modify a mortgage, he asks one key question: Does the loan make sense?

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First-Quarter Loan Modifications, Refinancings Rise Significantly

June 23, 2010

Loan modifications and refinancings by Fannie Mae and Freddie Mac increased significantly during the first quarter as the volume of permanent modifications under the Federal Housing Finance Agency’s Home Affordable Modification Program tripled, and refinancings grew steadily.

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Loan Modifications: Lessons From Ent FCU

August 27, 2009
Roughly 70% of members with modified loans resume their original payments. READ MORE

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