If you’re thinking about buying a home, you know it’s more important than ever to have a high FICO score. Several components make up your score. What steps would you take to bump it up? How would you even know where to start?
Saturday, September 18, 2010
Bad FICO score? How to boost it
If you’re thinking about buying a home, you know it’s more important than ever to have a high FICO score. Several components make up your score. What steps would you take to bump it up? How would you even know where to start?
Lenders putting few foreclosed homes on the market
Thousands of homes remain stuck in the foreclosure process as lenders continue to offer relatively few foreclosed homes for sale, according to a report released Tuesday.
Foreclosure fraudsters: The criminals who slow down recovery
From the Wall Street Journal
Foreclosures are once again on the minds of many. After a summer of record lows in home sales and widespread pessimism in the economy, many market-watchers say the next leg down in home prices may come from pressure brought by foreclosed home inventory hitting the market.
Read full story here
Foreclosures are once again on the minds of many. After a summer of record lows in home sales and widespread pessimism in the economy, many market-watchers say the next leg down in home prices may come from pressure brought by foreclosed home inventory hitting the market.
Read full story here
Borrowers beware of credit fixer scams
From the Los Angeles Times
Recession-hammered consumers across the country have seen their credit scores decline, and that has made them susceptible to scams that purport to erase delinquencies, judgments, foreclosures, and other problems from their files at the three national credit bureaus – Equifax, Experian, and TransUnion.
Read full story here
Recession-hammered consumers across the country have seen their credit scores decline, and that has made them susceptible to scams that purport to erase delinquencies, judgments, foreclosures, and other problems from their files at the three national credit bureaus – Equifax, Experian, and TransUnion.
Read full story here
Home buyer tax credit: 950,000 must repay
From CNN MoneyNearly half of all Americans who claimed the first-time home buyer tax credit on their 2009 tax returns will have to repay the government.
Read full story here
Read full story here
A downside of short sales
From the New York TimesStruggling homeowners have found some refuge in short sales, in which lenders allow borrowers to escape foreclosure by selling a home for less than what is owed on the mortgage. Government programs offering incentives to both parties will push the number of short sales to 400,000 this year from 100,000 in 2008, according to CoreLogic, a financial consulting firm. But the jump in short sales also has given rise to a new form of fraud – which, as a recent study by CoreLogic suggests, could undermine the burgeoning practice.
Read full story here
Read full story here
California housing prices on the rebound
From CNN MoneyThe national housing market is shrouded in uncertainty. But in California, there are glimmers of stability.
Read full story here
Read full story here
10 reasons to buy a home
From the Wall Street Journal With newspaper headlines declaring that foreclosures are on the rise, short sales are difficult to navigate, and the rate of homeownership is on the decline, some home buyers may no longer see the value of purchasing a home. However, there are several reasons why homeownership makes economic, financial, and personal sense.
Read full story here
Read full story here
Thursday, September 16, 2010
Short-sale 'flopping' may be next big housing scam
Sep. 5, 2010
Lenders lose more — an average of $41,500 in one of every 53 short-sale transactions, according to the study by CoreLogic — when fraud is involved.
Lenders lose more — an average of $41,500 in one of every 53 short-sale transactions, according to the study by CoreLogic — when fraud is involved.
Widespread Real Estate Scam Hits San Diego
Sep. 7, 2010
Two brothers have been busted in a widespread real estate fraud ring, including 40 properties in San Diego County, according to San Diego County District Attorney Bonnie Dumanis.
Widespread Real Estate Scam Hits San Diego
Two brothers have been busted in a widespread real estate fraud ring, including 40 properties in San Diego County, according to San Diego County District Attorney Bonnie Dumanis.
Widespread Real Estate Scam Hits San Diego
FBI crackdown on fraudulent mortgages
Sep. 14, 2010
When the Federal Bureau of Investigation began Operation Stolen Dreams in March 2010, the government’s largest mortgage fraud takedown, the FBI estimated about $2.3 billion of fraudulent mortgages were originated in 2009. However, recent estimates from a source monitoring the operation indicates that number is now closer to $14 billion.
Whole story available at the above link
FBI crackdown on fraudulent mortgages
Sep. 14, 2010
When the Federal Bureau of Investigation began Operation Stolen Dreams in March 2010, the government’s largest mortgage fraud takedown, the FBI estimated about $2.3 billion of fraudulent mortgages were originated in 2009. However, recent estimates from a source monitoring the operation indicates that number is now closer to $14 billion.
Whole story available at the above link
Tuesday, September 14, 2010
Brandon Knapp's Market Update 9/13/10
Here is a link to Brandon Knapp's weekly lending update from September 13th, 2010.
Labor Markets are the focus this week.
http://www.mmgweekly.com/w/index.html?SID=89e3b2c88ef35d68afff6abeb34bec4c
Labor Markets are the focus this week.
http://www.mmgweekly.com/w/index.html?SID=89e3b2c88ef35d68afff6abeb34bec4c
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