Archive for December, 2009

Mortgage Fraud In U.S Enhances Credit Crisis

Mortgage fraud is a significant matter of concern in United States. The cases are many and these mortgage frauds are affecting the global credit crisis. These have leaded us to a terrible damage in our economy to homeowners as well as to the financial institutions. The early estimates of subprime mortgage crisis and credit loss [...]

Realtor Body Opposed to FHA Anti-Flipping

In a recently held meeting of California Association of Realtors disturbed by the 90 days anti-flipping rule of FHA passed a resolution by majority to submit a memorandum to the Commissioner opposing the anti-flipping rule. The basic reason for the 90 day anti-flipping rule is on the basis of a mortgagee letter, written by the [...]