Existing-home sales plummet 15.3% in May Company Spotlight: Superior Home services mortgage delinquencies pass 10%: LPS Data released by Lender Processing Services (LPS) Thursday indicates foreclosure and delinquency numbers are on the rise again.. The company’s report shows that foreclosures were initiated on 217,486 loans in June, up more than 10 percent from May.. Interestingly enough, the company says most foreclosure starts are occurring on loans that are less than six months delinquent.Mashburn Construction has exemplified Building with Integrity by providing superior service and quality to clients in the health care, historical renovation, hospitality, industrial, institutional and church construction markets.

 · We can’t say exactly what areas of fraud will become the most prevalent but, according to Freddie Mac the three most common types of loan fraud to lookout for are: Multi-Lien Fraud, where the borrower uses the same property to secure and close multiple loans with numerous lenders at the same time. Even with title insurance lenders can lose a lot of money and legal cases can sometimes drag.

Companies Agree to Cooperate in SEC Actions FOR IMMEDIATE RELEASE 2011-267. Washington, D.C., Dec. 16, 2011 – The Securities and Exchange Commission today charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the federal home loan mortgage corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements.

Ocwen Donates $200K to Foreclosure Prevention Maxine Waters asks for regulatory scrutiny for all MSR transfers Congressional Scrutiny-In CFPB news not related to short-term lending, Director Kraninger and CFPB employees received an “open” letter from Rep. Maxine Waters. Rep. Waters directed the Bureau to.Foreclosure Relief for Homeowners With Ocwen Mortgages | Nolo – Foreclosure Relief for Homeowners With Ocwen Mortgages By Amy Loftsgordon , Attorney Many borrowers who had mortgages serviced by Ocwen, which is the largest non-bank mortgage servicer in the country, received mortgage relief as a result of a national settlement that occurred in December of 2013.

Freddie Mac uncovered a growing number of faked school records and work histories in California, where Fannie Mae also has noted increasing instances of falsified employment information. "We’re seeing an increase in false claims of higher education," an unnamed freddie mac investigator said in a recent report the government-sponsored.

Mortgage fraud is big business. Private and government sources estimate it costs consumers and lenders billions of dollars a year. Not to mention the number of families who lose their homes and hurt their credit by unwittingly turning to scam artists for help getting a mortgage or avoiding a foreclosure.

To help you become more knowledgeable about these new scams, we asked David Dewey, director of research at Pindrop Security, a firm that provides anti-fraud detection. overdue student loans,

Bernanke calls for nationwide REO rental program Maxine Waters asks for regulatory scrutiny for all MSR transfers Action of the Week – Those genes may be taken up by other bacteria by a number of mechanisms, collectively known as “horizontal gene transfer. they end up producing more milk than all 453 organic dairy farms in.Fannie Mae, Freddie Mac would need another bailout in severe economic crisis Maxine Waters asks for regulatory scrutiny for all MSR transfers As part of the regulatory pile-on against the banks, Rep. Maxine Waters (D., Calif.) — the ranking member of the house financial services Committee — has "added her voice to the debate in a letter.These two roles can run counter to one another. Freddie Mac spokesman deferred comment to the FHFA, and Fannie Mae spokeswoman Amy Bonitabus said, "We are continuously reviewing our policies.Bernanke says if conditions call for it, the central bank may reword its policy statements to communicate to investors that it anticipates keeping its benchmark rate low for a longer period than is.

Because November 13-19 is International Fraud Awareness Week, we’re going to review ways to protect yourself and others from the mortgage and housing-related fraud scams Freddie Mac’s Financial Fraud Investigation Unit (FFIU) is tracking this year. Email theft of money needed to close the loan. Commonly known as "spoofing," scammers are hacking.

Housing Recovery is Spelled R-E-O Housing Recovery is Spelled R-E-O – Housing and Mortgage News – But in the end, the real key to resolving the problems that yet remain in housing is likely to come back to an old standby: REO property sales. Yes, really.. Housing Recovery is Spelled R-E-O.

The FBI recognizes nine major forms of mortgage fraud schemes, including: False rescue schemes: These programs claim to be able to help people save their homes and avoid foreclosure. Loan modification fraud: Loan modification is one way for homeowners to avoid foreclosure.

Three Categories He said, however, that Freddie Mac and the investors in its packaged mortgages have not been hit hard by fraudulent loans yet and that the fraud unit is being organized to prevent.

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