READER SUBMITTED: Key Residential Mortgage Hires HECM Specialist

Posted on Sep 3, 2012 in Unique Loan Programs

mortgage
by Fishbowl Collective

Question by Iñigo: How does mortgage fraud affects the subprime mortgage crisis?
In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks.

Best answer:

Answer by kate
Read . . .

http://news.yahoo.com/s/ap/20080619/ap_on_bi_ge/mortgage_fraud

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What do you think? Answer below!
READER SUBMITTED: Main Residential Mortgage Hires HECM Specialist
Wilson continued, more about &quotThe HECM reverse mortgage is a particular type of house equity loan that lets property owners aged 62 and older to convert a portion of their house equity into cash. The loan demands no monthly re-payment more than the loan term. Peg operates closely …
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New reversemortgage kind will need voter approval
Texas now is the only state with out the legal status to allow a new sort of reverse mortgage, page the sort employed by seniors to buy a residence, health not just to draw down the equity in their current home. The delay in reverse mortgages in Texas stems historically …
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NAFCU Urges CFPB to Wait on Reverse Mortgage Reform
“While NAFCU understands that there are some unscrupulous lenders originating reverse mortgages, the marketplace is so little that the Bureau&#39s enforcement authority should be wielded to target those specific undesirable actors. Focusing on problem lenders with no …
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