This post was contributed by a community member. The views expressed here are the author's own.

Health & Fitness

DOJ and FBI retract previous mortgage fraud numbers

Bill Ladewig's profile picture
Bill Ladewig, Neighbor
MORTGAGE INTEREST RATE LOCK ADVISORY
August 21, 2013  :6:30 AM PST 
Click for Updated Lock Advice

  

LOCK ADVISORY

7 Day Mortgage Interest Rate lock or Float Advice: LOCK

The cost for a 4.00% rate based on Mortgage Backed Securities is up 0.06 point

Find out what's happening in Rancho Bernardo-4s Ranchfor free with the latest updates from Patch.

Rates look like they will continue up for the foreseeable future. Lock on any improvement

30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK 

Find out what's happening in Rancho Bernardo-4s Ranchfor free with the latest updates from Patch.

 

MARKET INDICATORS    

  • National Average for 30-Yr Fixed Mortgage Rate is unchanged at 4.40% on August 15,.
  • MBS (4%) Currently 102.55, High: 102.61, Low: 102.51
  • DJI Stocks currently $14,974.26, Down $-28.73, Change -0.192%
  • Asian & European Stock Market Indexes changed -0.432%
  • Crude Oil (WTI) Currently $104.51 - Change -0.57%
  • Gold 1 Once - $1,363.89  
MORTGAGE and REAL ESTATE NEWS    DOJ and FBI retract previous mortgage fraud numbers Analysts expect 25% decline in suspected mortgage fraud in 2012  By: Megan Hopkins - The government continues its ongoing battle against mortgage fraud, even as it finds itself retrenching from suspiciously high mortgage fraud numbers reported back in 2012.

Last October, the Department of Justice and the FBI released a report claiming their Distressed Homeowner Initiative found 530 criminal defendants in cases involving more than 73,000 mortgage victims and losses of more than $1 billion in 2012 - startling numbers to anyone.>>Read More

The views expressed in this post are the author's own. Want to post on Patch?

More from Rancho Bernardo-4s Ranch