Mortgage Fraud at Highest Level Since Recession – Saldutti Law Group

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Mortgage Fraud at Highest Level Since Recession – Saldutti law group mortgage fraud risk has hit its highest level in seven years, according to new data from CoreLogic. The report shows a 12.4% year-over-year increase in fraud risk at the end of the second quarter.

Mortgage Delinquency Rates Lowest Since Recession Posted on December 07, 2017 by Laura Lam The serious mortgage borrower delinquency rate, which is considered 60 days or more past due, dropped about 16% annually to 1.91% by the end of the third quarter of 2017, according to TransUnion’s report.

Mortgage Delinquency Rates Lowest Since Recession Posted on December 07, 2017 by Laura Lam The serious mortgage borrower delinquency rate, which is considered 60 days or more past due, dropped about 16% annually to 1.91% by the end of the third quarter of 2017, according to TransUnion’s report.

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The prepayment rate had surged 24% in May to the highest level since late 2016 and more than doubled over the February-May period. Even with the downturn last month the rate remains 20% higher than in June 2018 at 1.14% .

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In December 2007, employment peaked and started to head south – for two long years. What followed: The loss of more than 8 million jobs, half the value of the Dow and the S&P 500, and trillions of dollars in retirement accounts and household wealth. Lives and businesses were ruined and whole neighborhoods emptied out, as banks took back homes bought on badly underwritten credit.

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