Thursday, June 17, 2010

2009 Mortgage Fraud Report Released. DOJ Announces 485 Arrests

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The FBI has released the 2009 Mortgage Fraud Report. This report addresses current mortgage fraud projections, issues, and the identification of mortgage... - MND NewsWire
Over the course of the last decade, many mortgage bankers implemented a "Russian Roulette" approach to managing the risks associated with originating... - The Garrett Watts Report
HAMP Redefault Rate; Underwriters on Watch for Rent Buyback and Short Sale Schemes; TBW CEO Fraud Case; MBS Volume - Pipeline Press
jeffer90576
MBS Quotes
FNMA 4.0 100-05 0-14
FNMA 4.5 102-31 0-13
FNMA 5.0 105-16 0-04
FNMA 5.5 107-12 0-08
FNMA 6.0 108-04 0-03
Updated: 6/17/10 4:31 PM
Treasuries
3 MO 0.0872 -0.0128
2 YR 0.7015 -0.0485
5 YR 1.9917 -0.0683
10 YR 3.1923 -0.0777
30 YR 4.1253 -0.0548
Updated: 6/17/10 4:34 PM
Mortgage Rates
30 Yr FRM 4.76 -0.02
15 Yr FRM 4.09 -0.03
FHA 30 Year 4.80 -0.03
Jumbo 30 Year 6.38 -0.03
5/1 Yr ARM 3.70 -0.05
Updated: 6/17/10 4:35 PM
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Breaking News: Mortgage Probe
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Operation Broken Dreams is a 3.5 month investigation targeting mortgage fraud, with CNBC's Mary Thompson.

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Recent Comments
JTB
on 6/17/2010 - read this comment
What if they mean that it bans it as Mortgage Bankers, now don't disclose it? I mean, as a broker, would you really want a call to action to stop "bankers" from having to disclose as we do...
Owl Tree
on 6/17/2010 - read this comment
In case anyone has been watching C-SPAN regarding the Financial Reform Legislation, I understand that Barney Frank made a comment that YSP would be banned. This is the NOT how the current form of legistlation...
Adam Quinones
on 6/17/2010 - read this comment
THIS HELPS WITH SPENDING POWER: Real average hourly earnings for all employees rose 0.5 percent from April to May, seasonally adjusted. This increase stems from a 0.3 percent increase in average hourly...
Warren Goldberg
on 6/16/2010 - read this comment
Although your coments above are correct, they don't address the issue of the article. In order to be eligible for the tax credit, buyers must have gone to contract by April 30, 2010, AND they MUST...

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