All Posts Tagged With: "reports"
No Predatory Lending In 2008?
The FBI is out with its latest annual mortgage fraud tally and the news is fairly grim: Despite a reduction in loan originations, fraud filings from financial institutions increased 36 percent to 63,713 in fiscal 2008 compared to 46,717 filings a year earlier. This is an unhappy statistic, but it does not tell the whole [...]
8Jul2009 | Peter G. Miller | 0 comments | Continued
Delinquencies Up For The Ninth Quarter In A Row
For the ninth quarter in a row, TransUnion.com is reporting that mortgage delinquencies continue to rise. Using data taken from 27 million anonymous, randomly sampled, individual credit reports, the company says 5.22 percent of all mortgage borrowers in the first quarter were at least 60 days late. A year ago the figure was 3.22 percent. [...]
17Jun2009 | Peter G. Miller | 2 comments | Continued
Housing Data Reports: Is The Price Really Right?
“If you want to invest in real estate,” says Jim Saccacio, Chairman and CEO at RealtyTrac.com, the leading online foreclosure marketplace, “then information is king. You want as much information as possible and you want something else: Information that’s relevant to the local area where you have an interest in real estate.” Probably the best-known [...]
26Sep2008 | Peter G. Miller | 0 comments | Continued
Mortgage Relief for Hurricane Gustav Victims
It’s become a kind of ritual, the word from major mortgage lenders and loan owners providing relief in the face of hurricanes, tornados, fires, earthquakes and other natural disasters. What can impacted mortgage borrowers expect with hurricane Gustav? Looking at past practices from 2005 with Katrina, Rita and Wilma, Fannie Mae, Freddie Mac and most [...]
11Sep2008 | Peter G. Miller | 0 comments | Continued
How Long Can Negative Items Stay On A Credit Report?
In general, a bankruptcy can remain on a credit report for 10 years while a late or missing payment or foreclosure can be retained for seven years. Under the Fair Credit Reporting Act (FCRA), federal consumer-protection legislation, you can post a 100-word statement disputing any reported item. (Before posting, ask when and how you can [...]
29Aug2008 | Peter G. Miller | 1 comment | Continued
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