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Mortgage Fraud Crackdown A Good Sign for Industry’s Future

June 19th, 2008

What’s striking about recent mortgage news is how much of it is dominated by stories about investigations and indictments related to mortgage scams. Federal authorities have announced a nationwide crackdown, and local authorities have been active in many communities as well.

There were other, less dramatic stories on the mortgage front:

These other stories are worth reviewing, but ultimatly they are best put in context by the crackdown on mortgage scams.

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Jump in Mortgage Rates Overshadows Rebound In Application Activity

June 12th, 2008

A sharp jump in mortgage rates was the week’s most significant development.

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Foreclosure News Dampens Improving Economic Data

June 5th, 2008

Even though stocks have rallied lately on improved economic news, mortgage foreclosures continue to hang like a cloud over the scene.

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Conflicting Data on Home Sales Highlights Mixed Week for Mortgage News

May 29th, 2008

Recently-released data on home sales sent mixed signals to prospective buyers:

While conflicting signals on housing might give home buyers reason to pause, two other developments might spur them to action:

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Possible Mortgage Bill Not the Real News for Today’s Borrowers

May 22nd, 2008

A possible Senate compromise on a mortgage relief bill took most of the mortgage headlines this week, but potential borrowers would do well to keep their eyes on the inflation front, where a new surge in oil prices threatened to drive interest rates higher.

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