Chief Deputy U. S. Marshal (INA) Claims That Sub-Prime Mortgage Collapse Is A Law Enforcement Problem And Announces National Mortgage Fraud Initiative Once considered a tolerable pastime of industry insiders and a relatively few unscrupulous borrowers; Predatory Lending and Mortgage Fraud including Fraudulent Foreclosures have spun America's $3 trillion mortgage market into a national crisis. Congress Against Racism and Corruption in Law Enforcement (CARCLE) and National Judicial Conduct and Disability Law Project, Inc. (NJCDLP) are spearheading a public awareness campaign among other national initiatives to promote early detection, prevention, and prosecution as appropriate of predatory lending and mortgage fraud schemes as well as related misuses of federal funds. (PRWeb Dec 13, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3F1YS1aZXRhLVpldGEtU3VtbS1UaGlyLVplcm8=

Freezing Mortgages or Freezing the Real Estate Market? Eli Tene, the President of I Short Sale, Inc., a leading nationwide loss mitigation service provider, believes that the mortgage freeze plan is just another sign that the administration does not have the necessary tools to deal with a crisis. "If the goal is to help distressed homeowners, the mortgage rate freeze is missing the target," says Tene. (PRWeb Dec 13, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/RmFsdS1Ib3JyLVpldGEtU3VtbS1UaGlyLVplcm8=

Rate relief for homebuyers Homebuyers will see mortgage costs cut after the Bank of England reduced interest rates by a quarter of a percentage point from 5.75pc to 5.5pc this week.

The buy-to-let conundrum The woes of Paragon, the buy-to-let loan specialist, are likely to make mortgages for budding landlords more expensive. But it is far too early to call time on the sector as a whole, writes Paul Farrow.

Mortgage borrowers: a survivors guide The cost of mortgages has been rising for several months but there seems little respite. So what can homeowners do to alleviate the potential problems?

Lenders at fault on home loans UK sub-prime mortgage lenders are knowingly lending to people who cannot afford it, Citizens Advice says.

Rate cut costs homeowners £10m a month Homebuyers are paying about £10m a month more than they need to in mortgage repayments because lenders are refusing to pass on the latest cut in interest rates.

Countrywide Wants to Help Dispel Home Buying Myths It’s not hard to have questions about today’s real estate market -– especially if you’re the one considering purchasing your first home or making a move. With all the recent news reports about mortgage lending options, refinancing and interest rates, there is plenty of information floating around. To help provide some clarity, Countrywide Home Loans offers some tips from its nearly 40 years of experience. (PRWeb Dec 6, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3F1YS1Ib3JyLUhhbGYtU3VtbS1UaGlyLVplcm8=