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Mortgages

Ten Indicted in Mortgage Fraud Scheme

Ten Indicted in Mortgage Fraud Scheme

The United States Attorney for the Southern District of Florida charged ten Florida residents with mail fraud, conspiracy to commit mail fraud and wire fraud after investigating a major foreclosure rescue scam. According to the indictment, between September 2008 and…

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FHA to Pull Back On Big Mortgages

FHA to Pull Back On Big Mortgages

The Federal Housing Administration has announced plans to reduce its stake in the market, an indication it sees some signs of strength in real estate. The agency, which insures low down-payment mortgages, is reducing the upper limits of what it…

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