KGO-TV California homeowners warned about mortgage relief scamsSacramento BeeThe $25 billion in mortgage assistance promised by the settlement will be used "as a hook" by scam artists to ensnare homeowners facing foreclosure, predicted Wayne Bell, chief counsel for the California Department of Real Estate.California prime target for mortgage scamsabc7.comCoalition warns against fresh wave of mortgage [...]
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California homeowners warned about mortgage relief scams – Sacramento Bee
May 12th, 2012 
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No Comments »California prime target for mortgage scams – abc7.com
May 12th, 2012 admin KGO-TV California prime target for mortgage scamsabc7.comThe California Department of Real Estate is also cracking down on the predators. It has revoked more licenses in the past three years than any time in the last two decades. Brown's tax – initiative signatures delivered.Coalition warns against fresh wave of mortgage fraud scamsSacramento BeeGroup Warns Of Increased [...]
CFPB Announces Plans to Propose Mortgage Compensation Rules
May 11th, 2012 admin May 14, 2012 On May 9, 2012, the Consumer Financial Protection Bureau (CFPB) released an outline of proposals under consideration for rules governing compensation for mortgage loan originators. The proposed rule will address compensation origination fees, discount points, and the screening and qualifications of mortgage loan originators. The CFPB also stated that it will harmonize [...]
Posted in Uncategorized Tags: Announces, CFPB, Compensation, Mortgage, plans, Propose, Rules No Comments »Refis Lead New Mortgage Business Higher
May 11th, 2012 admin Thanks to record-low mortgage rates and a healthy boost in demand for refinances, mortgage activity climbed this week. Interest rates are poised to drop another 5 basis points by the next report. But the low rates weren’t enough to increase demand for home purchase financing. A 9 percent gain from last week left the U.S. [...]
Coalition warns against fresh wave of mortgage fraud scams – Sacramento Bee
May 11th, 2012 admin Coalition warns against fresh wave of mortgage fraud scamsSacramento BeeWayne Bell, chief counsel for the California Deptartment of Real Estate, said "foreclosure rescue fraud" is widespread and cloaked in many forms, including so-called forensic loan audits and advance fees for mortgage relief or loan modifications.and more » View full post on california real estate – Google [...]
Posted in Uncategorized Tags: Against, Coalition, Fraud, fresh, Mortgage, Sacramento, scams, Warns, wave No Comments »
