Mortgage fraud rising most in low-downpayment loans

Mortgage fraud is rampant in the U.S., with distressed homeowners offering a whole new market to criminals. The recent trend in rising foreclosures. than $10 billion in loans originated with.

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With this in mind, we’ve compiled a handful of our most valuable resources, tools, articles, and videos to provide you with a one-stop shop for the low-down-payment mortgage essentials. Low-down.

Items Tagged with ‘High LTV loans’ RSS. ARTICLES. Mortgage fraud rising most in low-downpayment loans. CoreLogic: Today’s fraud takes "a lot of time" to uncover. september 22, 2016.

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Looking for a low down payment home loan? Here’s an overview of the home loans available today that allow for down payments of 3.5% or less.. Guide To Low Down Payment Mortgages. Home. Purchasing Your New Home. Mortgage Types. and many low down payment mortgage options are again available.

The report indicated that one of the factors that were influencing the rising mortgage fraud risk was the increase in loan application activity in "areas with relatively high delinquency.

Is occupancy fraud rising? The data is inconclusive on whether occupancy fraud is rising. According to Fannie Mae’s most recent fraud report representing February numbers, the percentage share of home-occupancy fraud in Fannie loans has increased compared to the shares of other mortgage frauds.

Mortgage rates retreat a bit but are expected to resume rising – (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.72 percent a week ago. More Real Estate: A credit score of 704 adds up to good news for home buyers mortgage fraud.

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Here’s how to stop scammers from stealing your down payment. It happens in a form of wire fraud in which hackers send fake emails that look genuine.

Mortgage Fraud . Mortgage fraud is a sub-category of FIF. It is crime characterized by some type of material misstatement, misrepresentation, or omission in relation to a mortgage loan which is.

One of the easiest loans to qualify for with a low down payment is an FHA loan. The government doesn’t fund the mortgage, but the Federal Housing Administration does back the loan. This allows lenders to take a bit of a risk on you. With an FHA loan, you can put down as little as 3.5 percent for a down payment.