Tag Archives: report mortgage

Mortgage Fraud Rampant

Why is there so much mortgage fraud going on? Because the rewards are high while the risks of getting caught are low. We don’t know the total cost of such mortgage frauds, but they run to at least $10 billion … Continue reading

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Mortgage Applications Rise

It is no surprise that mortgage applications are rising. What is surprising is how small the increase is. Last week, applications went up just 4.1%. Why are mortgage applications going up? Because mortgage interest rates are dropping. Why aren’t mortgage … Continue reading

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Mortgage Fraud Grows As Economy Falls

Law enforcement have put increasing resources into investigating mortgage fraud ever since the housing crash of 2007. Now the economy is cratering again and law enforcement are putting in more efforts to crackdown on fraud. Thousands of borrowers are having … Continue reading

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Mortgage Rates Fall

I expect mortgage interest rates to fall .5% over the next couple of months. There’s very little demand for mortgages. Ergo, the price of mortgages aka the interest rate, will feel pressure to drop. Overall, the economic news for America … Continue reading

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Will Higher Gas Prices Reduce The Demand For Mortgages?

Rising gas prices act as an added tax on the economy. In the short term, it is hard for consumers to dramatically reduce the amount of their purchases of gas, so rising prices take a bigger bite of their wallet. … Continue reading

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Mortgage Rates Rising

Gas prices are way up, economic growth is down, housing sales are hitting record lows, home prices are plunging, and yet mortgage interest rates are expected to rise. That is the prediction from Fannie Mae. It better be a good … Continue reading

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Residential Mortgage Applications Keep Dropping

The uptick in interest rates of half a percentage point over the past four months combined with a weak economy and high unemployment keeps residential mortgage applications falling. Liberals and conservatives generally agree that the U.S. government needs to reduce … Continue reading

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What Is A Good Credit Score?

Before 2007, you could get a mortgage if you had a credit score above 620. Now you can have a credit score above 730 and you still can’t get a mortgage. If you have a credit score above 750 and … Continue reading

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Mortgage Rates Above 5%

I’m waiting for massive government borrowing to drive up interest rates. Mortgage rates are now well above 5%. This should choke off the refinance market and slow already low home sales. Easy money got us into this housing mess. I … Continue reading

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Mortgage Debt Is Only A Part Of Bank Troubles

Report: Mortgage debt has been the poster child for this financial crisis, and rightly so, considering the sheer size of the market and the juicy stories about people getting swindled and then losing their homes. With property prices falling across … Continue reading

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