For the 6^TH straight quarter Mortgage application fraud is on the upswing according to the National Mortgage Application Fraud Risk In

dex released by CoreLogic, a real estate data firm. CoreLogic developed the index based on residential mortgage loan applications processed by CoreLogic Loan Safe Fraud Manager, a predictive scoring technology.  Based on their findings, the index has increased for all of the last six consecutive quarters.

How does the new GOP Tax Bill Impact Mortgage Financing?

Republicans in Washington passed the most significant overhaul of the tax code since 1986. Many of us are left wondering how the tax bill impacts us. The plan is to reduce the tax burden for most individuals and put more money into people’s pockets at the expense of the national debt going up. 

Understanding the process of purchasing a home is exciting but it can also be stressful if you don’t do your homework first.  Here are a few tips from a Mortgage Investors Corporation from start to finish so you’ll be a wiser homebuyer.  Your credit, your scores and how wisely you shop for a loan that best fits your needs will have a great impact on the rate and fees you pay. To improve your credit, and chances of getting a better mortgage, get current and stay current on your payments.

There are different types of mortgages and the Consumer Financial Protection Bureau (hereafter CFPB) has made significant changes to the definitions and coverage within these two mortgage categories. First, it is important to understand who the CFPB is and why it was created. The CFPB is an agency of the United States Government responsible for consumer protection in the financial sector. The CFPB creation was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007-08 and the subsequent Great Recession.