Mortgage App Risk Rises, ARMs Could Drive Higher
The level of risk on overall applications for residential loans moved higher for the third consecutive month and could rise even further as adjustable-rate share rises.
Mortgage Broker, Stepson Banker Convicted
A mortgage broker and her stepson, who was a banker, have been convicted in federal court of defrauding the California bank where he worked.
Waning Refinances Drive Up Mortgage Fraud Risk
As the share of refinance mortgage originations continues to subside, more risky financing for home purchases is driving up the level of mortgage fraud risk.
Appraiser Fraud Alert Issued
A rash of cases have been uncovered where the identity of appraisers approved for government mortgages have been stolen.
Chase Mortgage Loan Originator Indicted
A former loan originator at JPMorgan Chase & Co.'s banking subsidiary has been federally indicted over allegations of mortgage fraud.
Mortgage Fraud Risk Grows, Could Rise More
Quarterly mortgage fraud risk increased and is expected to go higher. Communities in New York and Florida are at the most risk.
GSE Initiatives Expected to Cut Mortgage Risk
The risk of bad data in mortgage applications was held in check, and government-sponsored enterprise initiatives will help even more next year.
Alt-Documentation Loans at Greater Risk of Fraud
A new report says that residential loans which are underwritten using alternative documentation are more susceptible to fraud.
Mortgage Broker's Attorney Dozes Off During Trial
A Pennsylvania mortgage broker who was convicted of mortgage fraud this week will get a second chance thanks to his lawyer dozing off during trial.
Mortgage Broker, Sister Convicted of Mortgage Fraud
A Pennsylvania man and his sister have been tried for and convicted of committing mortgage fraud through his mortgage brokerage business.