6 N.J. residents indicted in multi-million dollar mortgage scheme
Six South Jersey residents were indicted in federal court on Tuesday in connection with a multi-million dollar mortgage fraud scheme that took advantage of financially-vulnerable homeowners. Silver Buckman, 36, of Cherry Hill and her parents, Vincent ... [...]
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Mortgage Loan Rates, Applications Moved Slightly Lower Last Week
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted a decrease of 0.2% in the group's seasonally adjusted composite index, following a drop of 4.1% for the previous week. Mortgage ... [...]
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Conventional Loans Dominate U.S. Mortgage Market
A large majority of conventional mortgages are issued as "conforming loans", which means that the loans, literally, conform to the securitization standards of Fannie Mae and Freddie Mac. Together, these standards are commonly known as "mortgage ... [...]
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The Day I Realized My Credit Card Payments Equaled My Mortgage
Grayson is the founder of Debt Roundup, which focuses on helping people fight debt and grow wealth. His work has been featured on sites such as The Huffington Post, Yahoo Finance, and the Business Insider. In his spare time, he runs a small business, ... [...]
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Trish Regan: Yellen and the Fed's TMI problem
Like her predecessor, Ben Bernanke, Janet Yellen is a communicator; she aims to take the surprise out of the Fed's future actions. It's TMI — too much information. And, that's a problem. By telling the world exactly what the Fed is thinking, when it's ... [...]
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Florida developer gets 27 years in N.C. mortgage fraud scheme
Florida developer Domenic Rabuffo was sentenced Tuesday to more than 27 years in federal prison for a North Carolina mortgage fraud scheme that bilked four major banks out of more than $50 million in loans made to dozens of Floridians who posed as ... [...]
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Mortgage delinquencies decline in St. Louis area
The home foreclosure rate has stabilized in metro St. Louis, but fewer people are delinquent on their mortgages, according to a new report. Data from CoreLogic shows that 3.33 percent of people with mortgages here were 90 days behind in their payments ... [...]
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30-Year Fixed Mortgage Rates Drop Slightly; Current Rate is 4.08%, According …
SEATTLE, Sept. 30, 2014 (GLOBE NEWSWIRE) -- The 30-year fixed mortgage rate on Zillow® Mortgages is currently 4.08 percent, down 5 basis points from this time last week. The 30-year fixed mortgage rate hovered around 4.13 percent for most of the ... [...]
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Pay Off Your Mortgage in 12 Years or Less!
When people think about buying a house, they also traditionally think about obtaining a mortgage for the next three decades of their life. Many times they refinance at some point during the term, only to start a new 30-year cycle over. It's inefficient ... [...]
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