New FHFA working paper reimagines housing crash New Iranian President Hassan Rouhani’s overtures towards the West, while insisting on Tehran’s nuclear "rights", have raised hopes of a negotiated settlement to the decade-old dispute ahead of talks between the two sides on October 15-16 in Geneva.
One of the most devastating aspects of the current financial crisis for homeowners is the prospect of losing their homes to foreclosure, and many homeowners have fallen victim to foreclosure rescue and loan modification schemes. In 2009, the administration created the Financial Fraud Enforcement Task Force (FFETF), which is led by the Department of Justice (DOJ), to combat these and other.
Bankrate: Loan Closing Costs Jump 36.6% Year-Over-Year Housing Wire – "Bankrate: Loan Closing Costs Jump 36.6% Year-Over-Year" (8-17-10) "The average origination and third-party fees on a $200,000 mortgage increased 36.6% to $3,741 from last year’s average of $2,739, according to Bankrate’s annual mortgage fee survey.
They have held mortgage fraud summits in hard-hit states such as California, Nevada and Florida. They have supported laws to ban the practice of demanding upfront fees from consumers. They have filed.
Former Barclays CEO John Varley and three other former executives face criminal charges in connection with a 2008 rescue package that allowed the bank to avoid a state bailout. (Al Jazeera) DOJ Recovers $2.5B In Healthcare Fraud, False Claims In 2018 2018 was a bad year to be a healthcare fraudster. (HealthPayer Intelligence)
Federal authorities have arrested dozens of people for allegedly hijacking or intercepting wire transfers through sophisticated email scams, the Department of Justice (DOJ) announced Monday.
foreclosure rescue schemes-the Bureau of Consumer Financial Protection (CFPB), DOJ, the Federal Housing Finance Agency (FHFA) and its Office of Inspector General, FTC, HUD and its Office of Inspector General, U.S. Department of the Treasury (Treasury), the Office of the Special Inspector General for the troubled asset relief Program
Freddie Mac: Servicers Need to Diversify Foreclosure, Bankruptcy Referrals Freddie Mac: Servicers Need to Diversify Foreclosure, Bankruptcy Referrals Therefore, Freddie Mac has added new Guide Section 54.5, Prohibitions Relating to Foreclosure and bankruptcy referrals; freddie mac remedies for Non-Compliance, specifically prohibiting Servicers from contracting, or making arrangements, with attorneys or trustees.
When you reach out to your lender and a qualified (free!) credit counselor as soon as problems begin, you’re in a much better position to avoid foreclosure and the mortgage rescue scams that come along with it. 7 Tips to Help You Avoid Foreclosure Scams
March home sales increase in almost all metros: RE/MAX Home sales slump hits 9th month, longest in almost 8 years The last time local sales declined for a longer period was a yearlong stretch that ended in June 2011. Dennis Rodkin
Variations of the foreclosure rescue scams: Phantom Help: The “rescuer” charges outrageous fees for light-duty phone calls or paperwork that the homeowner could easily do, none of which results in saving the home. This predatory scam gives homeowners a false sense of.
NAR President: We want GSE reform to take place now · With GSE reform and the possible end of the conservatorship having been a hot topic recently, how will Calabria’s role as FHFA Director impact the market?. President/CEO Jim Nussle. “We.
Department of Justice News Release: Financial Fraud Enforcement Task Force Hosts Mortgage Fraud Summit in Miami (02/24/2010) HTML Only FinCEN Issues Mortgage Loan Fraud Update; Warns of Foreclosure Rescue Scam Techniques (02/18/2010) HTML | PDF
"Bankruptcy foreclosure scams" or "mortgage rescue scams" target people whose home mortgages are in trouble. Scam operators advertise over the Internet and in local publications, distribute flyers, or contact people whose homes are listed in the foreclosure notices. Sometimes they direct their appeals to specific religious or ethnic groups.