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Mortgage News for Saturday - March 5, 2005

More Mortgage News
• Savings are under your nose -- at home
• Questions for house buying
• Credit reports offered for free
• Identity theft easy; repairing its harm nearly impossible
• Weather soaks home sales
• Details: Comparing costs of home loan options
• Aspiring homebuyers should protect themselves
• As housing booms, creativity blooms in mortgage market
Mortgage News
Credit reports offered for free - 2005-03-05
Michigan consumers are obtaining two new weapons to track their credit history and ward off the growing threat of identity theft.

Mistakes on your credit report can lead to a bundle of troubles. Victims may lose job opportunities, be refused loans, education, housing or cars, or get charged higher interest rates than necessary on their mortgages, according to the Federal Trade Commission. According to the U.S. Public Interest Research Group,
Read the full story at Detroit News
 
Identity theft easy; repairing its harm nearly impossible - 2005-03-05
Harpeth Hall math teacher Elizabeth Stelling was at home cooking dinner for her children when police showed up with warrants for her arrest.

But that was not the conclusion of the matter. In early 2003, at least four bogus checks for $4,380 were drawn on a mortgage company, made payable to Stelling's name, and cashed by thieves at offices of Regions Bank in Davidson and Sumner counties.
Read the full story at Tennessean
 






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