Despite tougher mortgage guidelines and better loan disclosures for consumers, mortgage fraud is on the rise, according to the FBI. Mortgage fraud has many varieties and it's estimated cost to the nation is between $4-6 billion annually. Today, common mortgage fraud scams target homeowners behin
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10/15/2010
The number of foreclosure filings rose 3 percent in September, according to foreclosure-tracking firm RealtyTrac. The term "foreclosure filing" is a catch-all word for housing, comprising default notices, scheduled auctions, and bank repossessions. September marked the 19th straight month that th
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10/14/2010
The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Colorado Mortgage rates are slightly higher today. It's unwelcome news for this season's home buyers, and existing homeowners with plans to grab lower rates. Mortgage rates made new lows last week and may have
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10/13/2010
This was too good not to re-post. A write-up by economist Bill Fisher of Mortgage Coach about the recent foreclosure crisis. An excellent take on the situation. Enjoy! The Sinkhole by Bill Fisher Imagine we're all living in a giant condominium development, skyscrapers crammed with condos, all
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10/11/2010
Experienced Mortgage Processor Wanted in busy Evergreen, Colorado mortgage office. Excellent compensation package with base + bonus and health insurance after 6 months employed. The ideal mortgage processor candidate will have the follows skills and experience: 1. Minimum 2 years mortgage proces
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10/08/2010
On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls report from the month prior. This month, though, because the first Friday of the month was also the first day of the month, the report was delayed one week. The report hit the wires at 8:30 AM ET thi
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10/08/2010
Employment figures came out ugly today, and has resulted in the lowest Colorado Mortgage Rates in the history of the country. That's right, in HISTORY. Remember that negative economic news typically results in lower mortgage rates. The reason? Bonds are safe investments with a guaranteed rate
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10/08/2010
Conforming mortgages are so named because, literally, they conform to the mortgage guidelines set forth by Fannie Mae and Freddie Mac. Of the many traits of a conforming mortgage, one is "loan size." The 2011 Conforming Loan Limits must be adhered to in order for a mortgage to be classified as co
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10/06/2010
Consistent with calls of a housing rebound, the Pending Home Sales Index rose again in August. It marks the second straight month of improvement after May's post-tax credit drop-off. A "pending home" is an existing home under contract to sell, but not yet closed. According to the National Associa
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10/05/2010
For the third straight week, mortgage markets showed little conviction in the face of contrasting data. Mortgage bonds ended the week slightly better, but mortgage rates did not. Colorado mortgage rates were up-and-down all week before ending the week with a slight worsening. The inter-day volati
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10/04/2010
