Good faith estimate is a mortgage fees must – Arizona Daily Star

If you plan to take out a mortgage or refinance anytime soon, you might want to hear this blunt message from federal officials: Don’t fly blind. When you’re shopping among competing lenders, make sure you know which quotes come with a guarantee and …
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When Mortgage Shopping, Make Sure You Get Good-Faith Estimate – Hartford Courant
If you plan to take out a mortgage or refinance any time soon, you might want to hear this blunt message from federal officials: Don’t fly blind. When you’re shopping among competing lenders for the best loan terms and fees, make sure you know which … Go to Source…

Housing: New rules aimed at mortgage modification scams – Arizona Daily Star
You’ve probably seen the pitches on TV and the Internet or found them stuffed in your mail: official-looking communications complete with logos and letterheads that look vaguely like those used by the Treasury, IRS and other federal agencies. The promoters … Go to Source…

Mortgage fraud case brings two guilty pleas – Arizona Daily Star
Two Tucson men accused of running a mortgage-fraud investment scheme that led to $2.9 million in foreclosure losses by lenders and prospective buyers pleaded guilty Tuesday to four felony charges each. The plea agreement states the men will pay restitution … Go to Source…

Man gets 20 years and must pay $56M for mortgage fraud – Chicago Tribune
A Country Club Hills man was sentenced today to 20 years in federal prison and was ordered to pay more than $56 million today in a mortgage fraud scheme in what is being called among the largest federal prosecutions in Chicago, officials said. Bobbie L … Go to Source…

Banks dealt big blow in mortgage case; wrongful-foreclosure suits may follow – Arizona Daily Star
The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a pivotal mortgage foreclosure case that could spark more turmoil and uncertainty in a housing market already mired in depression. The Supreme Judicial Court … Go to Source…

Banks dealt big blow in mortgage case; wrongful-foreclosure suits may follow – Arizona Daily Star
The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a pivotal mortgage foreclosure case that could spark more turmoil and uncertainty in a housing market already mired in depression. The Supreme Judicial Court … Go to Source…

Comparison Shopping When Re-Financing
Homeowners who are re-financing their home for the first or even the second or third time should thoroughly research all of the available options to ensure the best possible interest rate and terms are secured. Homeowners are sometimes lazy when it comes to re-financing. There may a large drop in interest rates or a change in the financial situation which warrants a re-finance. Although the homeow…

Risk-based pricing notices could cut mortgage fees and interest rates – Los Angeles Times
Reporting from Washington – For mortgage applicants and home buyers, it’s been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with consumer credit protection rules first required by Congress in 2003 … Go to Source…

PMI Group Mortgage Insurance Unit Is Seized by Arizona; Payouts Cut to 50% – Bloomberg
PMI Group Inc. (PMI), the mortgage insurer that was ordered in August to stop writing policies, said a unit that sells such coverage was seized by Arizona authorities and will pay out claims at 50 percent starting tomorrow. The Arizona insurance … Go to Source…

How to check to see if you received a good rate on your home loan?
Did you get a good rate on your home mortgage? If you are about to get a home mortgage, this could be a property purchase or a refinance. How do you know if you are actually getting a good rate on your home mortgage. If you have not done any research at all it might not even realize what the current rates are. Just like in any large item purchase you should always shop around and do your home work…

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