The Market Composite Index increased 2.8 percent on a seasonally adjusted basis from one week earlier, while on an unadjusted basis, it rose 2.9 percent.

The fraud scheme victimized 57 property investors, affected the sale of more than 247 residential properties and cost lenders more than $17 million, according to court records.

Operation Loan Lies was a coordinated national law enforcement effort to crack down on mortgage modification scam that involved 189 actions by 25 federal and state agencies.

Mortgage loan as a secured loan. Mortgage loan needs a house from the loan applicants and use that house as a collateral in order the lender give the loan. Without a house as collateral then the lender can not accept the loan. In a secured loan, when you can not pay the loan on time, […]

The expansion of the Obama administration’s Home Affordable Refinance Program will include participation by borrowers who are current but up to 125 percent underwater on their mortgage.