With foreclosure rescue schemes and short sales scams on the rise, the Portland office of the FBI and the U.S. attorney's office for the District of Oregon are expanding their efforts to identify and prosecute mortgage fraud in the state by establishing special Internet and phone tip lines to handle reports of mortgage fraud. The Oregon Mortgage Fraud Working Group, which has been operating since 2007, will handle the investigations. The majority of the Oregon Mortgage Fraud Working Group investigators are working major cases involving multiple suspects, multiple borrowers and millions of dollars in fraudulent loans. The Oregon Mortgage Fraud Working Group also focuses on emerging crime trends that are associated with the growing tide of foreclosures, such as foreclosure rescue schemes and short sales. People are urged to report any mortgage fraud activity or information by visiting Portland FBI's website at http://portland.fbi.gov, calling the phone tip line at (503) 273-5813, or emailing mortgagefraudtips.portland@ic.fbi.gov.
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The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
4m ago -
The promotion offers rate cuts as much as 25 basis points on new-home purchases as well as rate-and-term and cash-out refinance loans from May 4 through May 17.
4h ago -
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
4h ago -
The top bullet point in Two Harbors' rejection notice is the Mizuho credit facility does not constitute committed financing for UWM to pay for the deal.
7h ago -
The combination adds to a wave of broader merger and acquisition activity that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors
May 4 -
The litigants, with some of the industry's deepest pockets, may be filing the rare cases to flag and potentially punish bad brokers, one expert said.
May 4








