Mortgage fraud by wannabe home buyers is on the rise. And you can blame the Internet for it.
Prices are up, interest rates are rising and it's tough for a lot of people to qualify to buy a home. So what do some of them do? A growing number of them fake it.
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Opinion: Mortgage lenders may again lower standards as applications drop, former CitiMortgage CEO says
Responsible lending, leadership, and risk-control are key to averting another meltdown.
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Title insurance is a scam and it's time for a government takeover
But title insurance doesn't need to be nearly as expensive as it is. Given the availability of online records, providing a title guarantee is as easy and cheap as it's ever been. The exorbitant cost is the result of a title insurance cartel that sets its own prices, doesn't give consumers choice, and gives kickbacks through a web of affiliated companies.
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A decade since the housing crash, a new story emerges
Between 2004 and 2016, overall homeownership rates plummeted 8 percent, according to a study from the Pew Research Center. Demographics also changed.
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Fintech's New Market To Disrupt: Title Insurance
States Title is joining a handful of startups including OneTitle and Spruce that are using technology to search records quicker and without agents. That enables them to undercut the traditional players saving homeowners and mortgage companies time and money.
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Mixed mortgage news: Refis fall to four-year low, but purchases climb sharply
According to newly released data from ATTOM Data Solutions, refinance originations fell to a four-year low during the second quarter, thanks to increases in interest rates.
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Mortgage rates hit 6-week high with housing market at a crossroad
Rates for home loans rose to a six-week high as upbeat economic data and a bulging deficit spurred a yield-lifting bond sell-off and big questions gripped the housing market.
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Blockchain Can't Protect Property Rights, but Title Insurance Can
It's hard to open a newspaper today (or, more accurately, scroll through the news) without seeing an article about blockchain. This new technology is taking our society by storm with many touting its wide-ranging benefits.
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