Lendance.com Personal Finance Topics Archive: June 2006

New Mortgage Fraud Catches Ten People: A new multi-million dollar mortgage fraud attempt has led to ten people being charged for their roles in the plan. The Mississippi fraud scheme had netted more than $10 million.
Added June 1st, 2006 -- Click here to read more!

Protest Held at Mortgage Company: A California mortgage office was the scene of a predatory lending protest earlier this week. A mortgage company in Woburn has been one of the supposed predatory lenders.
Added June 2nd, 2006 -- Click here to read more!

Home Sales Show Unexpected Rise: Amid the softening of the mortgage industry, an unexpected rise in new homes sales amazed those in the business. Analyst warn, however, that the trend will not last long, and that the housing market will continue to slow.
Added June 5th, 2006 -- Click here to read more!

Illegal Mortgage Fees Still a Problem: The stalling housing market is creating problems for most people in the real estate industry. But when mortgage lenders start charging fees for paying back your loan, some watchdogs are crying foul.
Added June 6th, 2006 -- Click here to read more!

Personalized Mortgage Company Makes a Difference: A California mortgage company is taking a new attitude toward the slowing market; provide better customer service and survive. The owner decided to give personalized customer service, and made her business boom.
Added June 7th, 2006 -- Click here to read more!

Mortgage Lawyers Not Always a Help: The latest fraud in the mortgage industry has moved to the very people that are supposed to help. A rash of attorneys that are participating in fraud have the industry, and the clients, worried.
Added June 8th, 2006 -- Click here to read more!

Watch for Mortgage Insurance Hassles: Lenders are rushing to the closing table in order to stay competitive. But when haste makes waste, the borrower is usually the one that pays for it.
Added June 9th, 2006 -- Click here to read more!

Mortgage Rates Cause Drop in Demand: Once again, mortgage applications dropped as rates hit a four-year high. The real estate industry had started to look up until fixed rates neared seven percent as the week has worn on.
Added June 12th, 2006 -- Click here to read more!

Reverse Mortgages Need Tighter Rules: Australia is the first country that has begun to implement a more restricting layout for reverse mortgages. The program, popular with borrowers in their retirement, has thus far been lax about the rules.
Added June 13th, 2006 -- Click here to read more!

Make Effort to Cap High Mortgage Rates: The rise in demand for exotic mortgages have caused a crisis as home values stabilize. As people try to sell or refinance their homes, they find that money they were counting on just isn’t there.
Added June 14th, 2006 -- Click here to read more!

Louisiana Sees Drop in Mortgage Delinquency: Dropping rates and an increase in economy is starting to balance mortgage delinquency in Louisiana. Delinquent mortgages have fallen by a third in the first quarter and by a quarter in the second quarter.
Added June 15th, 2006 -- Click here to read more!

House Prices Begin to Fall In California: A good indication that housing prices are beginning to stabilize is showing in California. Housing prices in that state are staring to fall, making analyst hope that the trend will carry through the entire country.
Added June 16th, 2006 -- Click here to read more!

Mortgage Demand Grows Despite Rates: After the Federal Reserve hiked rates to a new four-year high, analyst are scratching their heads as mortgage applications rose for the first time in nearly a month. The demand was most likely in response to a small drop in rates.
Added June 19th, 2006 -- Click here to read more!

When is a Mortgage Risky?: Current market conditions have caused many analyst and lenders to warn against risky mortgages. But what products are risky, and can education regarding mortgages make all products safe?
Added June 20th, 2006 -- Click here to read more!

Extra Payment Helps With Mortgage: At a time when mortgage rates are soaring, people are turning to more interesting ways to pay their mortgage. But is making an extra payment or dividing payments up really a good idea?
Added June 21st, 2006 -- Click here to read more!

British Company Offers Buy-To-Let Product: A large British lender has approved a product allowing landlords to expand their portfolios. The deal could be good all around, since landlords would be able to offer more competitive rent rates.
Added June 22nd, 2006 -- Click here to read more!

Good Mortgage Rates Require Good Credit: Interest rates are soaring and many people are rushing to refinance their exotic loans before they increase too much more. In order to get the best deal possible, borrowers should know that a good credit score goes a long way.
Added June 23rd, 2006 -- Click here to read more!

Actions for Those That Inherit a Mortgage: A child cosigns a mortgage for their aging parent. A person signs a mortgage with their spouse. What happens when one of the people on a mortgage dies, leaving the other solely with legal responsibility?
Added June 26th, 2006 -- Click here to read more!

New Mortgage Process System Being Offered: A new mortgage processing system is being offered by BancTec. The system will allow a smooth process from start to finish, with updated and integrated document preparation.
Added June 27th, 2006 -- Click here to read more!

Title Company Joins With Top Three Lenders: Three of the five largest mortgage lenders of 2005 have a new tool for getting their job done. Lenders First Choice, a title and settlement agency, is offering a partnership with the companies.
Added June 28th, 2006 -- Click here to read more!

Ohio Cracks Down on Mortgage Fraud: In what seems to be a bi-weekly cycle, a large mortgage scam was busted this week in Ohio. The credit was due largely to a new task force formed in August of last year, which has led to the capture of many mortgage scammers.
Added June 29th, 2006 -- Click here to read more!

Purchasing a Home Without Doing Your “Homework”: When housing prices were sky-rocketing in the past couple of years, many renters thought they needed to buy a home as quick as possible before they were priced out of the market. In a lot of cases people didn’t do their “homework” in their rush to buy ending up buying houses they really couldn’t afford.
Added June 30th, 2006 -- Click here to read more!

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