Industry News

Survey: More consumers falling victim to fraud
Since the financial meltdown and the collapse of the housing market, the term "fraud" has become much more common in American households.

 

Fraudulent mortgage relief marketers banned
Earlier this week, the Federal Trade Commission banned several marketers from selling foreclosure relief or mortgage modification services because of fraudulent practices allegations made against them.

 

California tightening guidelines for mortgage brokers
One of the results of the collapse of the U.S. housing market is an increase in the number of mortgage fraud cases. In an effort to combat that, California is adopting federal guidelines that will mandate that mortgage brokers in the state become licensed.

 

Mortgage fraud schemes to watch out for
Those working in the mortgage lending industry know to watch out for fraud. However, with schemes varying year-to-year, it's sometimes more difficult to detect the latest trends.

 

Mortgage lenders discriminating against pregnant women
There are a number of reasons why a person can be denied a mortgage loan. However, being pregnant cannot be one of them.

 

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