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Mortgage scams on rise, net millions for fraudsters in US: FBI (AFP via Yahoo! News)
Fraudsters netted hundreds of millions of dollars through mortgage scams last year, and the trend was likely to continue as the US housing market slumps even further, the FBI said Tuesday.
Mortgage application volume up slightly (CNN Money)
Home loan applications rise 2.9% last week as interest rates fall. WASHINGTON (AP) -- Mortgage application volume rose 2.9% during the week ending May 9, according to trade group Mortgage Bankers Association's weekly application survey.
FBI cites escalating mortgage fraud problem (Reuters via Yahoo! News)
Mortgage fraud is an escalating problem in the United States, the FBI said on Tuesday in a report that cited the subprime lending crisis as a key contributing factor.
Mortgage applications rise in latest week: MBA (Reuters via Yahoo! News)
Mortgage applications rose for a second consecutive week, fueled by a jump in demand for home refinancing loans as interest rates dropped, an industry group said on Wednesday.
Mortgage application volume rises slightly (AP via Yahoo! Finance)
Mortgage application volume rose 2.9 percent during the week ending May 9, according to trade group Mortgage Bankers Association's weekly application survey.
Foreclosure filings surge 65% in April; mortgage rates dip (USA Today)
More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65% versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday.
FBI warns of escalating mortgage fraud (USA Today)
The sinking housing market is fertile ground for mortgage fraud, the FBI warns in a new report. The agency said Tuesday that reports of suspected mortgage fraud rose 31% to 46,717 from 35,617 in the previous fiscal year ending Oct. 31.
MBA: Mortgage Applications Rise (Nasdaq)
(RTTNews) - Mortgage application volume was up 2.9% for the week ending May 9th according to the Mortgage Bankers Association's weekly applications survey. The MBA's application index rose to 674.4 for the week, compared to 655.4 for the week earlier.
Mortgage applications rose 2.9% last week: MBA (Market Watch)
Mortgage applications rise a seasonally adjusted 2.9% last week compared to the prior week, driven by increased interest among homeowners seeking out refinancings, according to the Mortgage Bankers Association data.
FBI: Beware of mortgage fraud (CNN Money)
FBI officials Tuesday disclosed complaints of mortgage fraud are piling up at record levels this year, and appear certain to shatter last year's record.
