Freddie Mac, one of the nation’s largest investors of residential mortgages, produced this two minute video to help educate distressed homeowners to avoid mortgage fraud. If you suspect that you have been a victim of mortgage fraud, you can report it by calling the Mortgage Fraud Hotline: 1-800-437-2838.
Freddie Mac: Four Questions to Get Back to Basics With Fraud Prevention. Investor Update February 22, 2016. For borrowers and lenders, spring 2016 means a still-hot housing market and demand from home buyers who see a rise in inventory and want to purchase before interest rates go any higher.. But for fraudsters, spring means opportunity of another kind.
. role in preventing, detecting and investigating potential mortgage fraud and other. Freddie Mac's Single-Family Fraud Risk (SFFR) team is at the forefront of .
MCLEAN, VA–(Marketwired – May 13, 2013) – Freddie. more options to avoid foreclosure." News Facts: Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability.
HSBC Holdings will pay 550 million dollars to resolve a US regulator’s claims that the British bank made false representations in selling mortgage bonds to the federal mortgage companies Fannie Mae.
Freddie Mac recognizes different categories of mortgage fraud including fraud for housing and fraud for profit. Fraud for housing To achieve this, the borrower’s income and/or assets will typically be inflated and further supported by false documentation pertaining to those particular sections in the mortgage application.
Analysts are calling President Trump’s outline for reforming Fannie Mae and Freddie Mac “vague,” and are cautioning. will probably “proceed cautiously to avoid disrupting the mortgage and housing. Additionally, Freddie Mac says it’s unique in that the loan proceeds can be used to renovate or repair a property damaged by a natural disaster.
President Obama urges financial regulators to speed up reforms Waters, Scott, Brown and Murray Call on SEC to Increase Investor Protections.. of Housing and Urban Development (HUD) regulation implementing reforms to.. Waters Calls on President Obama to Waive the Cost Sharing Requirements.Obama to renew push for wider mortgage refinance plan Foreclosure sales drop to lowest level since 2007 Sonoma County home sales plunged last month to the lowest level for September in 11 years. and the fewest sales in September since 2007 when the housing market was entering a historic crash that.. the obama administration rolled out the home affordable refinance program in. Given the renewed interest in HARP, it's a good opportunity to go over what. "This is the only program that allows them to refinance their loans.. The current loan-to-value ratio on a mortgage also must be greater than 80.Mortgage applications surge on refinancing boom Mortgage applications surged an impressive 26.8% WoW – the largest jump since Jan 2015 – led by a massive spike in refis as mortgage rates tumbled alongside the Treasury market. 30y rates dropped back below 4.00% – the lowest since Jan 2018. Prompting a sudden 46.5% surge in refinancing activity (which we saw also saw.Fannie Mae debuts “risk-sharing” mortgage-backed security local mortgage banker: Housing reform should encourage broader investment – GSEs like Fannie. Mae securities to ensure the two offerings are more interchangeable. Such a reform will reduce the cost to taxpayers, while also increasing competition in the secondary mortgage.
Here are a 3 suggestions on how to avoid mortgage fraud, for the full story, visit her blog on Freddie Mac. 1. Mortgage application First, never sign a mortgage application until you are certain the blanks are filled in correctly.
Rents keep rising, construction is still chugging along, deals are being made, WSJ reports on massive multifamily mortgage fraud investigation. conspired to defraud Fannie Mae, Freddie Mac, Arbor Commercial Mortgage,
NAHB: Builder confidence ends four months of consecutive increase Chinese gold demand also tends to increase near the end of the year as the Chinese New Year approaches. According to a new survey by the National Association of Home Builders (NAHB), builder.