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  2. Mortgage
    3. (Page 7)

Mortgage

Opteum Mortgage: Mortgage News

Ringing in the new year will be a present from Fannie Mae and Freddie Mac to borrowers with credit scores under 680. Here is what these borrowers on conventional loans with Loan-to-values over 70% will receive on either purchases or refinances: Credit score less than 620: Either a 2 discount point sur-charge or a higher […]

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Real Estate News:Immigrants Often Targets of Subprime Scams

Immigrants Often Targets of Subprime Scams Immigrants have long been victims of fraud, but the subprime mortgage boom has provided a particularly popular avenue for unethical lenders to take advantage of immigrants. Housing counselors say they have seen predatory lending to immigrants across the U.S. Among the vulnerable groups: Latinos throughout California, Caribbean and African […]

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Real Estate News

Private-Money Mortgages Get More Popular Hard-money or private-money mortgages, which are funded by individual investors or investor groups, are gaining popularity now that subprime financing has dried up and prime lenders have tightened their credit standards. Miami-based Yale Mortgage Co., for instance, reports a 30-percent increase in applications from last year; while a 50-percent gain […]

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Did you know..

There are a number of State, City and Non profit programs available to help with down payment assistance? There are a number of State, City and Non profit programs available to help those with challenged credit, to get you into a home within 90days or less? There are a number of programs  available just for […]

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Ellenwood man guilty in Atlanta mortgage fraud case

Atlanta Business Chronicle A Georgia man pleaded guilty late Wednesday to running a $15 million mortgage fraud ring in Atlanta’s West End. Kevin G. Wiggins, 41, of Ellenwood, Ga., pleaded guilty in federal district court to charges related to a large-scale mortgage fraud scheme that targeted West End neighborhoods in Atlanta in 2001 and 2002. […]

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