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Nine Arrested On Mortgage Fraud Charges
MSNBC is reporting that the FBI arrested nine people who had a scheme in Queens to use fake identities to get bank loans through New Generation Funding, a mortgage broker. The moral of the story for the worried homeowner is to choose your mortgage broker carefully. They are not all the same. Here is the […]
Bankruptcy filings fell by 70 percent in 2006
MSNBC.com is reporting that bankruptcies fell drastically in 2006. This is not surprising. It was clearly a result of the new laws that made Chapter 7 more difficult. For the homeowner in foreclosure, this has little relevance since Chapter 7 was (and is) typically filed by someone with few or no assets, often a renter […]
Nine Arrested On Mortgage Fraud Charges
/in Foreclosure & Loan Mod Blog /by Scott LaninMSNBC is reporting that the FBI arrested nine people who had a scheme in Queens to use fake identities to get bank loans through New Generation Funding, a mortgage broker. The moral of the story for the worried homeowner is to choose your mortgage broker carefully. They are not all the same. Here is the […]
Bankruptcy filings fell by 70 percent in 2006
/in Foreclosure & Loan Mod Blog /by Scott LaninMSNBC.com is reporting that bankruptcies fell drastically in 2006. This is not surprising. It was clearly a result of the new laws that made Chapter 7 more difficult. For the homeowner in foreclosure, this has little relevance since Chapter 7 was (and is) typically filed by someone with few or no assets, often a renter […]