Foreclosure Backlogs Starting to Clear through Phoenix hard money lendersApril 11, 2012
Seniors and Young Adults Will Influence U.S. Housing Market with Phoenix hard money lendersApril 11, 2012
Phoenix hard money lenders say the percentage of mortgage fraud activity rose 20 percent in the third quarter compared to a year earlier, a report by the Financial Crimes Enforcement Network finds. Almost 62 percent of the nearly 20,000 suspicious activity reports in the third quarter, which ended Sept. 30, began about four years ago, the report noted.
Suspicious activity included Mortgage workout or debt elimination, questionable refinance or Mortgage modification attempts, as well as Social Security number discrepancies on Mortgage applications.
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