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MortgageSpeak.com

Real-time mortgage news and information.
updated 10:01 AM CDT, Fri May 18, 2012
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Valuation and Fraud News

  Follow our news on Twitter and Facebook.          Updated for: Friday 5-18-2012

 
       
  1. Lenders sniffing out dishonest applicants  
    Thinking about fudging on your application for a mortgage?  
       
  2. What You Should Know About Real Estate Valuation  
    Estimating the value of real property is important to a variety of endeavors, including real estate financing, listing real estate for sale, investment analysis, property insurance and the taxation of real estate.  
       
  3. Va panel hears mortgage exec's appeal  
    A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial.  
       
  4. Mortgage Lender Residential Finance Corp. Explains Benefits of HARP 2.0  
    Eliminating appraisals -- Borrowers may be able to forgo a home appraisal. This saves hundreds of dollars and means a faster loan process.  
       
  5. Mortgage fraud scheme nets 29-month sentence for D.C. woman  
    A federal judge in Maryland sentenced a Washington woman to 29 months in prison Monday for her role in what prosecutors called a "massive mortgage fraud scheme" — one that ensnared more than 1,000 victims and took in $78 million.  
       
  6. Mortgage Q&A: Formula can gauge home equity  
    Q. My wife and I are in the process of a divorce and she wants to remain in the home that we jointly own. We have a mortgage balance of about $342,000. I think we could sell the house for close to $500,000 but she, of course, thinks it’s worth less than $450,000.  
       
  7. Mortgage borrowers face litany of questions  
    As a home buyer or refinancer, you’d expect to submit recent pay stubs and bank-account statements when applying for a mortgage loan.  
       
  8. Lenders are using a variety of tools to prevent mortgage fraud  
    Don't even think about fudging on your application for a mortgage by inflating your income a tad, checking the box to indicate you're going to live there when you're really not or exaggerating your job description.  
       
  9. Mortgage Industry Standardizes on RPost for E-Signatures, Registered Email Proof, and Encryption  
    RPost Services Now Deployed for 4000 Companies Dealing in Home and Commercial Mortgages, for Sending Important Messages and Documents With Time-Stamped Delivery Proof, Electronic Signoff, and Data Privacy Compliance  
       
  10. Deutsche Bank pays $202M in NY mortgage fraud deal  
    Deutsche Bank agreed to pay $202 million to settle civil fraud charges brought by the federal government over the practices of a subsidiary it acquired five years ago, authorities announced Thursday.