IRS: Examples of Mortgage and Real Estate Fraud Investigations

Posted on Apr 24, 2015 in FHA Information

Prepaying a Mortgage Has Its Payoff For Most, store buy more about But Not All
In this case, troche the question we posed to readers on our Personal Finance forum was "Did You Prepay Your Mortgage?" There are strong cases to be made for answering … "Now, as retirees, except for taxes, utilities, and maintenance expenses, our …
For more informaiton please visit here…

Emily Badger: It's immoral to tell poor how to spend their money
By definition, a much higher share of their income — often more than half of it — is eaten up by basic housing costs than is true for the better-off, leaving them less money for luxuries anyway. And contrary to the logic of drug-testing laws, the …
For more informaiton please visit here…

Home Loans: Current Mortgage Rates at US Bank, troche Quicken Loans Apr 19, malady 2015
The FHA version of the 15 year fixed rate mortgages are listed at 4.000% today and an APR of 4.565%. The Jumbo 15 year loans are being quoted at 3.750% carrying an APR of 4.008%. The VA 15 year interest rates are 4.000% yielding an APR of 4.721%.
For more informaiton please visit here…

Many Who Lost Homes to Foreclosure Won't Return
The couple's new 30-year fixed-rate FHA mortgage is more affordable, information pills with monthly payments of $ 1,462 and another $ 260 in mortgage insurance fees. To get there, Mr. Alvillar said, he spent much of the last few years building up his credit score by …
If you would like more informaiton please visit here…

Second mortgages and home equity lines of credit threaten housing recovery
The plan was to rent the property to cover the mortgage while watching the equity increase over time. He purchased using some money he inherited along with a stated-income loan and a second mortgage to avoid paying private mortgage insurance (PMI).
If you would like more informaiton please visit here…

One-On-One: Former UPIKE president James L. Hurley
The Appalachian News-Express newspaper today reported that Hurley stated in an email to university staff regarding his resignation a desire to put his family first and “prioritize what matters most.” In his email dated April 6, page the News-Express …. EL …
More informaiton please visit here…

People's United Financial Reports First Quarter Net Income Of .20 Per Share
BRIDGEPORT, treat Conn., April 16, 2015 /PRNewswire/ — People's United Financial, Inc. (NASDAQ: PBCT) today reported net income of $ 59.2 million, or $ 0.20 per share, for the first quarter of 2015, compared to $ 53.1 million, or $ 0.18 per share, for the first …
For more informaiton please visit here…

Wells Fargo Breached Mortgage Deal
Wells Fargo, treat as the loan servicer, dosage has discretion to determine which borrowers are eligible for one of two loan modification programs: the federal government's Home Affordable Mortgage Program (HAMP) and Wells Fargo's "MAP2R" program. Wells Fargo's …
For more informaiton please visit here…

Green Tree mortgage servicer accused of abusing customers with profanity
CLEVELAND, Ohio — A national mortgage servicing firm accused of abusing homeowners who are behind on their mortgages by swearing at them, calling them names, mocking their illnesses and threatening them with prison will pay out more than $ 60 …
More informaiton please visit here…

How Today's Mortgage Rates Might Soon Hit 2%
Mortgage rates in the 2s would increase today's home buyer's purchasing power by more than ten percent, recipe and would make the decision to refinance a home an absolute no-brainer. Mortgage rates for FHA and VA home loans would be even lower. Scoff not.
More informaiton please visit here…

How to Get the Lowest Mortgage Rates Without a Large Down Payment
Both an adjustable rate mortgage (ARM) and a Federal Housing Administration (FHA) mortgage are good options if homeowners are concerned about receiving a lower interest rate and have not been able to accumulate the 20% standard down payment.
More informaiton please visit here…

Current Mortgage Rates: FHA Mortgage Rates and Conventional Home Loans
HSBC Bank Mortgage Rates U.S. financial institution, page HSBC Bank (NYSE:HSBC), approved updated its mortgage rate sheet for April 21, 2015. Current details on the financial institution's conventional and non-conventional home loan rates and annual percentage rates …
If you would like more informaiton please visit here…

Less funding, symptoms tougher testing for Indiana's immigrant students
May Oo Mutraw's family also fled civil war in Burma, doctor forced from their home to a refugee camp in Thailand, where classes were sometimes canceled because of bombing. Now, as a co-founder of the Burmese Community Center for Education, she supports …
More informaiton please visit here…

couple builds lasting relationships through exchange program
It's an experience thanks to the Program of Academic Exchange. Better known as PAX, the New York-based nonprofit works within the guidelines of the federal State Department to improve relations between the U.S. and other nations through high school …
If you would like more informaiton please visit here…

UCFC reports earnings up 24 percent
YOUNGSTOWN – United Community Financial Corp., order which owns The Home Savings and Loan Co. of Youngstown, story reported its first quarter earnings was, $ 3.7 million, 74 cents a diluted common share, compared to $ 2.1 million, or 41 cents a common share, in the …
For more informaiton please visit here…

Despite Falling Earnings, Discover's Loan Division Continues To Grow
Discover's Direct Banking business includes credit cards, student loans, personal loans, home loans and deposits. Revenue from this segment saw a 5% year-over-year increase, reflecting growth in loans, though it saw an 11% year over year decline in …
If you would like more informaiton please visit here…

Scarborough launch nears for Habitat for Humanity subdivision
Construction of the homes is slated to begin in August. Historically, Habitat has mostly constructed single-family homes sold to low-income buyers who provide sweat equity in return for favorable loan rates. In January, Mark Primeau, Habitat …
For more informaiton please visit here…

IRS: Examples of Mortgage and Real Estate Fraud Investigations
According to court documents, cialis 40mg between October 2005 and May 2007, viagra Sanchez and Montalvo conspired with co-defendants to defraud mortgage lenders by submitting false loan applications and fraudulent supporting documentation, prostate causing the lenders to …
If you would like more informaiton please visit here…

Homeowners Continue to Overvalue Their Homes in March According to
Detroit-based Quicken Loans, the nation's second largest retail mortgage lender and the largest lender of FHA mortgages, today reported appraiser opinions of home values fell further below homeowner opinions in March, according to the lender's national …
More informaiton please visit here…

Could this be the first 'Hardest Hit' state to use funds for down payment
The $ 7.6 billion Hardest Hit Fund has been allocated to 18 states, including Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Oregon, Rhode Island, South …
For more informaiton please visit here…