Mortgage Crisis? Act Now to Avoid Foreclosure - 2007-02-14
Are you one of the millions of homeowners who went for one of those interesting variable or adjustable rate mortgages only to see your monthly payment, which started off low, continuing to go up, escalating to the point where it's more difficult, or even impossible, for you to keep up your payments? According to the Mortgage Bankers Association (MBA), approximately $1.5 trillion in adjustable rate mortgages (ARM) are going to see another hike in interest rates this year alone.
Read the full story at Consumer Affairs

Cracking down on mortgage fraud - 2007-02-14
Mortgage fraud is regarded as being the country's fastest-growing white-collar crime. It costs lenders over $1 billion a year and has transformed increasing numbers of federal agents into experts on real estate paperwork. These days, they quickly solve cases that once took years to work, experts say. Mortgage fraud happens when somebody lies or misrepresents a fact on a statement that a lender uses to make a loan.
Read the full story at NorthJersey.com