In the last few years Mortgage fraud has been surging and is up over 20% since the lowest reported rates of 2009.  A recent report by CoreLogic states that Lenders are experiencing increased levels of fraud particularly with highly popular loan programs such as government insured FHA loans in addition to short sales and REO sales.   Mortgage Read more (…)

Just when you thought Bank of America couldn’t possibly screw up its image anymore than they already have, they do it again. The timing on this latest screw-up could not be any worse and the story reminds me of the old scrooge in the movie A Wonderful Life. Bank of America is called the bank Read more (…)

If you are thinking of purchasing a home in 2011 with a FHA loan, then you need to take a careful look at some recent changes made to the program.  The main advantage of a FHA home loan of course is it’s insured by the Federal Housing Administration and allows home buyers that would most likely Read more (…)

For homeowners who have been thinking of getting a home equity loan and who are also trying to bottom fish for the lowest rates, now may be a good time to get that loan before rates go up.  Just two months ago rates hit a 50 year low and people assumed that the Feds actions would help rates Read more (…)