http://themortgagerefinanceblog.com Fri, 20 Jun 2008 14:36:16 +0000 http://backend.userland.com/rss092 en With foreclosures on the rise scams seem to be on the rise. A couple was charged with 6 counts of money laundering and conspiracy to commit wire and mail fraud as well as 15 counts of mail fraud to obtain property and money from unsuspecting lenders and homeowners. http://themortgagerefinanceblog.com/2008/06/20/35-million-foreclosure-scam/ A recent article I found Monterey County homeowners bilked of thousands in refinancing scam. Apparently a group, 24 individuals, that were facing foreclosure were taken advantage of. They made deposits around $2,800 each. Be sure, regardless of your situation, to ask for references or do a ... http://themortgagerefinanceblog.com/2008/06/20/refinance-scam-in-california/ I came across a great article in the Wall Street Journal Online entitled Mortgagers' Dual Roles Clash which discusses the difficult balance that Freddie Mac and Fannie Mae have since they are part government agency and part profit making business. If you ever wondered how they work, here is ... http://themortgagerefinanceblog.com/2008/06/12/how-freddie-mac-and-fannie-mae-work/ The NY daily news posted the article entitled Be wary of line of credit mortgages by Asa Aarons. He writes about mortgage checking accounts that started in the U.S. about two years ago and came from Australia. From the article Here's how the mortgage works. A line of ... http://themortgagerefinanceblog.com/2008/06/05/are-line-of-credit-mortgages-dangerous/ For Immediate Release February 25, 2008 CONTACT: corprel@freddiemac.com or (703) 903-3933 AMERICAN BANKERS ASSOCIATION, FREDDIE MAC EXTEND ALLIANCE TO HELP MEMBERS SUCCEED IN TODAY'S TROUBLED MARKET Palm Springs, CA – The American Bankers Association, through its subsidiary ABA Total Business Solutions, and Freddie Mac (NYSE:FRE) are extending and enhancing their special alliance to provide the ... http://themortgagerefinanceblog.com/2008/03/08/american-bankers-association-freddie-mac-extend-alliance-to-help-members-succeed-in-todays-troubled-market/ President Bush announced on 8/31/07 that FHA will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default, ... http://themortgagerefinanceblog.com/2008/03/04/avoid-foreclosure-with-fha/ You can look to get a conventional loan or a sub-prime mortgage loan. You can also ask your lender for an FHA loan. Here are the many benefits. Easier to Qualify - This is due to the fact that the FHA insures your mortgage, therefore lenders are more willing ... http://themortgagerefinanceblog.com/2008/03/04/fha/