Posts tagged ‘Mortgage’

Greenfield offers mortgage counseling to homeowners

Greenfield offers mortgage counseling to homeowners
Mortgage counseling appointments also provide residents with the opportunity to meet with an experienced attorney to discuss credit and budget issues, predatory lending, interest rate issues, late mortgage payments and foreclosure prevention. Residents …
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Vaginal Ring Provides Partial Protection from HIV in Large Multinational Trial
No one knew who received which ring until the end of the trial. All study participants received a package of HIV prevention services at each study visit, including HIV risk-reduction counseling, partner HIV testing, treatment of sexually transmitted …
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The Red Flags to Watch Out For If You're Considering Debt Counseling
The U.S. Department of Education offers free federal student loan counseling, and there are a number of not-for-profit credit counseling services out there that can help you come up with a plan to pay down your debt. The Federal Trade Commission …
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Identity theft: Fraud cases in auto, mortgage loans and credit cards segment rise

Image from page 157 of “Police reserve and home defense guard manual” (1918)
identity theft
Image by Internet Archive Book Images
Identifier: policereservehom00dawkrich
Title: Police reserve and home defense guard manual
Year: 1918 (1910s)
Authors: Dawkins, William Aaron, 1881- Cahalane, Cornelius Francis, 1875- Police practice and procedure
Subjects: Home defense league, New York Drill and minor tactics Police
Publisher: New York, E.P. Dutton & Company
Contributing Library: Prelinger Library
Digitizing Sponsor: Internet Archive

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Text Appearing Before Image:
our object, and try to find out all you can of thecircumstances surrounding the theft, so that the membersof the Department who take up the case from your reportwill be able to proceed intelligently. If you do not make amemorandum of all the material facts, it will be necessaryto send another officer to find them out before the Depart-ment can proceed efficiently. A great deal of judgment must be used at the scene ofthe crime. It may be found that if you arrest the thiefon suspicion immediately, and before sufficient evidencehas been obtained to justify it, he will escape conviction;for, when a crook knows he is suspected, he will not doanything to corroborate those suspicions. In such a cir-cumstance, you must immediately telephone the facts tothe station-house so that a detective can be assigned to thecase. Being in plain clothes, and his identity not known,he can secure evidence which you, with your office known,might not be able to obtain. 139 POLICE RESEEVE AND HOME DEFENSE GUARD

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Identity theft: Fraud cases in auto, mortgage loans and credit cards segment rise
Although there has been a marked decrease in number of repeated fraud cases, identity theft or fictitious identity continues to be a threat to the Indian industry. According to a Fraud Report 2016 launched by Experian India, identity fraud in India …
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Davis property manager accused of identity theft
According to the State Attorney General's Office, 1.5 million Californians were victims of identity theft in 2014. Danielle Spang, a spokesperson for the Better Business Bureau of Northeast California, said it's hard to stop identity theft when …
Read more on KCRA Sacramento

Perk Potential: Could Identity Theft Protection Become a Workplace Benefit?
Data on identity theft generally lags by about two years. It takes time to quantify past information and verify the results of studies. If we look at the reliable data from 2005 to 2010, according to USA Today, identity theft has grown by more than 50 …

Mortgage Applications Down, But Housing Market Optimism Remains Strong

Chicago, IL (PRWEB) January 14, 2015

Although mortgage reports have been mixed in the beginning of the year, The Federal Savings Bank thinks consumer optimism and loosening lending standards could boost the housing market throughout the rest of the year. The number of mortgage applications declined 9.1 percent for the week ended Jan. 2 compared to the previous two weeks, according to the Mortgage Bankers Association.

The MBA survey indicated the seasonally adjusted Purchase Index dropped 5 percent from the two weeks prior. The most recent results include the New Year’s Day holiday, which could have influenced the decrease in mortgage applications.

Positive outlook for growth

Although mortgage applications are down recently, other reports show the housing market will be healthy overall. Fannie Mae recently released its National Housing Survey for December 2014 and found that consumers have a positive outlook about the direction of the economy, which could eventually result in bolstering the housing market. The survey revealed consumers are optimistic about growth in the job market, which could contribute to increases in home purchases.

Doug Duncan, senior vice president and chief economist at Fannie Mae, said that home buyers might still have lingering concerns about the stability of the economy. He said that consumers want to be sure that they can afford to buy a house.

The Federal Savings Bank enthusiastically noted that while the December housing survey indicated home buyers are still cautious about moving forward in purchasing a home, consumers are more optimistic about their ability to obtain a mortgage, which is an important step to finally obtaining the homes they want.

“One notable result in the December survey is that the share of consumers believing that it would be easy to get a mortgage exceeds those saying it would be more difficult to get a mortgage by the widest amount in the survey’s history,” Duncan said in a statement.

Housing affordability could influence housing growth

With more consumers believing they can better qualify for a mortgage combined with other economic factors, the housing market has a good likelihood of bouncing back in 2015.

According to a release by credit rating agency Fitch Ratings, the government is looking to increase the number of home buyers in the market by making it easier for first-time home buyers to qualify for mortgages.

The rating agency cited actions by the Federal Housing Administration to lower mortgage insurance premiums and required down payments. The release also noted that the Federal Housing Finance Agency will reduce down payment minimums from 5 percent to 3 percent for Fannie Mae and Freddie Mac, which could further increase housing affordability, especially for first-time home buyers.

“None of the actions as currently disclosed will independently push the needle for housing, but cumulatively, they could have a relatively meaningful impact on home buyer psychology, pent-up demand and housing trends in 2015 and beyond,” Fitch Ratings said.

As more consumers become optimistic about their ability to buy a home, they should consider the best mortgage rate for them to afford their payments as well as the lender they would like to work with for the life of the loan.

Since consumers will be searching for the right lender, contact the Federal Savings Bank, a veteran owned bank, to learn more about mortgages.

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Experian’s “mortgage” industrial (:30) – Credit Swagger


CreditSwagger for days. FICO® Scores are utilized in 90% of credit choices. Therefore just before speak to the financial institution, get a FICO® Score from Experian and #OwnYourSwag…
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Mortgage Refinancing Tips from TransUnion While the financial benefits of dropping your interest rates a few points are…

How to: TransUnion Credit Monitoring Service Cancellation, Click by Click.

California Mortgage Rates Weather Strong Jobs Report Surprisingly Well

San Diego, CA (PRWEB) December 06, 2014

Blue Home Loans, Inc. is a full service California mortgage company that has been helping the homeowners and buyers of California to get the best rates and home loan programs for many years. The company not only specializes in nearly every home loan product available in California, but is also adept at keeping its clients well informed of any changes in the finance market which could affect their mortgage interest rate and thus the total amount that they will spend on their homes. Yesterday brought a monthly event that is closely watched by everyone who is interested in mortgage rate movement – the Non-Farm Payrolls report (NFP). Luckily, California mortgage rates weathered this report, which was stronger than expected, surprisingly well.

Blue Home Loans takes a look at the situation as reported by real estate news website, Mortgage News Daily. The MND article posted on December 5th, says, “Mortgage rates moved only slightly higher today in spite of an exceptionally strong Employment Situation Report. This particular jobs report is the biggest of the month, and by far the most capable market mover when it comes to economic data. When the actual result outstrips the expectation (a median of economist forecasts), the result is almost always higher rates. The bigger the ‘beat,’ the more reliable that correlation.”

That same article goes on to explain, “And today’s beat was very big. Payrolls were created at a seasonally-adjusted pace of 321k compared to estimates of 230k. It’s no surprise that bond markets weakened following the report (which implies higher mortgage rates), but it was somewhat surprising to see how LITTLE they weakened considering the uncommonly beat. There were some internal metrics within the report that served as caveats to the positivity, but the fact is that bond markets wouldn’t have been able to hold as well as they did if there wasn’t some measure of latent positivity.”

Blue Home Loans explains that the fact that rates only worsened slightly is a promising sign for those who have been waiting for mortgage rates to go back down. This gives some hope that rates are intent on getting better before the end of 2014, despite some negative data along the way. Of course, external events will not be ignored completely, and borrowers looking for the best rates should definitely keep an eye out for these market motivators. But without some major motivation to the contrary, it seems like there is a good chance mortgage rates could improve over the next few weeks.

California borrowers who want to take advantage of today’s best California mortgage rates will find that they can count on the mortgage experts at Blue Home Loans to find them the best rates and mortgage programs for their unique financial situation and home loan goals. The Blue Home Loans website states, “We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs.”

For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate — BRE #01938557 NMLS #1162386

Related Credit Rating Press Releases

Average Mortgage Rates Today What To Expect Whenever Applying For A Home Loan

San Diego, CA (PRWEB) May 01, 2014 is a borrower guidance site which is focused on assisting borrowers discover house financing which they can love. With initially class info, useful resources plus connections to top rate industry experts, the url has swiftly become a reliable destination for present information plus expert loan guidance. A lately introduced post from Loan Love continues to supply borrowers with all they should discover the number one loan situation for their scenarios by chatting regarding the average mortgage rates today plus assisting borrowers know the factors which influence how much they pays with regards to mortgage interest.

This hot post from Loan Love titled, “Average Home Loan Rates For Hopeful Families inside 2014” explains which those that are hoping to settle their families into a brand-new house this year have possibly been monitoring mortgage interest rates because they function towards getting their finances inside purchase before applying for a mortgage. Loan Love states which because borrowers do this, they could keep in your mind which there are a quantity of factors which can affect the rate which they will anticipate to receive for their fresh mortgage, a few of that the borrower might have the energy to influence plus a few of that borrowers can merely have to deal with because they move forward their unique house buy.

The Loan Love post claims, “Mortgage interest rates could fluctuate daily, depending about domestic plus global financial factors. The LoanLove site offers we with all the present rates, plus latest historical rates, thus to monitor styles. It’s important to keep in your mind, though, which even the many experienced forecaster cannot state with 100 % precision what interest rates usually do this year. In truth, various specialists expected rates might start a slow yet steady climb up at a sturdy pace than the slight increases watched therefore far.”

Loan Love goes about to explain which a few of the factors which influence a borrower’s mortgage rate that they have an actual hand inside controlling are:

    Their down payment size, and
    Their credit score.

As the post mentions, a high down payment can cause a reduced mortgage rate, that might greatly protect the borrower funds over the course of their loan. Loan Love claims, “If you are severe regarding house ownership, we have possibly been placing revenue apart or you’ve newly come into a sum cash to place down towards a hot house. Additionally to what you’ve saved, nevertheless, consider whether a parent or additional close relative can lead. You could furthermore like to look into the potential of taking out a loan against the 401K or pension program to grow the down payment we have accessible for the house buy. This way has become more plus more prevalent because zero down payment mortgages became some plus far between. If you do go the path of the 401K, there are many blessings. Your credit score is not affected plus we pay interest found on the loan to oneself. Additionally, the loan is not considered a element of the debt.”

Loan Love further explains a person’s credit score also offers a excellent impact about what mortgage rates are accessible for them. It says, “To recognize how a score will impact a loan, consider which the variations inside monthly repayments for somebody with all the highest potential credit score versus somebody with all the lowest acceptable score is almost $ 300. Now take which $ 300 monthly over a 30-year mortgage and you may discover that it adds as much as a difference of over $ 100,000.”

The article ends by offering an illustration of how all these factors pull together to determine what mortgage rates a loan borrower could anticipate plus claims, inside summary, “There are a amount of factors which usually determine how positive of a rate of interest you can obtain about a mortgage. While you can not control the criteria which a lender may consider, learning the different contributing factors will result in the loan procedure less of the secret.”

For more info about this topic, click here to read the full post about

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LeaderOne Financial Corp. Introduces New Jumbo Mortgage Solutions for High-Net Worth Borrowers

Chicago, IL (PRWEB) October 08, 2013

Amid the housing recovery, many home-buyers are rushing to take advantage of todays low mortgage rates, but jumbo mortgages for high-net-worth individuals can be surprisingly elusive, according to David Goldhirsh, a Chicago-based mortgage banker and vice president of LeaderOne Financial Corp.

So LeaderOne Financial Corp. is offering a suite of jumbo mortgage products that address many of the challenges high-net-worth borrowers face in the home-purchase and refinance arenas.

In Illinois, a jumbo mortgage is a mortgage loan exceeding $ 417,000. Small business owners, doctors in residency and investors taking depreciation on assets are among the high-net-worth individuals who often find themselves on the outside looking in when it comes to these loans, due to the rigid underwriting guidelines that arose following the housing crisis, says Goldhirsh. To many lenders, these types of borrowers can appear to be high risk because of inconsistent income, high debt-to-income ratios or sheltered assets.

“Its exasperating when youre making a nice living and doing all of the right things from a financial-planning perspective, and youre yet getting turned down by bank after bank,” says Goldhirsh. “There are millionaires with perfect ascribe who cant get the same terms as someone with a 620 FICO score.”

Goldhirsh works with a number of portfolio lenders who offer jumbo mortgages for high-net-worth individuals that address a variety of special circumstances.

High Net Worth, Low Income

One common scenario is the high-net-worth borrower who doesnt show enough adjusted gross income on paper to qualify for a large mortgage. Variables that can reduce adjusted gross income include low or negative partnership income, deductions for depreciation of large assets such as equipment or real estate, or even sizable alimony or child support obligations.

According to Goldhirsh, one option for this borrower is an asset depletion loan. In this type of loan the lender factors liquid assets, such as stocks, trust funds, or retirement savings (for individuals 62 and over) into the income calculation. The additional income is amortized over 30 years or until the borrower reaches age 85, whichever occurs first.

For example, lets assume a 50-year-old borrower with $ 2 million in liquid assets has an adjusted gross income of $ 10,000 per month but needs another $ 5,000 to qualify for their desired loan amount. The lender can amortize the $ 2 million over 30 years and, assuming a 5% rate of return, count another $ 10,736 toward the borrowers monthly income more than enough to qualify.

Pledging Assets, Preserving Cash

For other borrowers, qualification isnt the issue but rather cash management. The typical minimum down payment on a jumbo mortgage is 20 percent. Thats a lot of cash on a $ 1 million or $ 2 million home purchase. And while high-net-worth individuals might have access to those funds, they might not want to liquidate investments to free them up, as that could trigger capital gains taxes or disrupt other more lucrative investment strategies.

According to Goldhirsh, a good option for these borrowers is a pledged asset loan. With this product, the borrower can make a reduced down payment of 10 percent by pledging any additional required funds in the form of held securities or other liquid assets. Borrowers can continue to trade funds within the pledged account but are not allowed to withdrawal the funds for a period of time without the consent of the lender.

Since any family member can pledge assets on behalf of another family member, this is also a popular program for parents who are helping their children buy real estate. Goldhirsh notes that a pledged asset loan can also be used with a variety of property types including second homes and investment property.

Other programs that address common challenges for mortgages for high-net-worth individuals include:

????10 percent down payment for loans up to $ 750,000 or 20 percent down up to $ 2 million. ????Loans to foreign nationals. ????Loans for non-warrantable condominiums, including certain new-construction condos and condos in buildings with a high percentage of non owner occupants. ????Cash-out refinances up to $ 1 million (most lenders will limit cash-outs to $ 200,000). ????Loan amounts up to $ 5 million (or higher on a case-by-case basis).

“There are creative, competitively-priced solutions for a lot of scenarios,” said Goldhirsh. “Oftentimes, a borrower hears no from private banking and calculate theyre stuck, but there are some great programs out there if you know where to look.”

For more information, contact David Goldhirsh, LeaderOne Financial Corp., 773-384-5300, davidgoldhirsh(at)leader1(dot)com.

About David Goldhirsh

David Goldhirsh, NMLS number #8804, is a licensed mortgage banker in Illinois, headquartered at 1540 W. North Ave., Suite 200, Chicago, IL 60642. During more than 16 years of residential lending, Goldhirsh has been responsible for the origination of more than 2,000 loans with an aggregate value of more than $ 500 million. Goldhirsh offers competitively priced solutions across the full lending spectrum from FHA loans to jumbo mortgages.

LeaderOne Financial Corporation is an Illinois Residential Mortgage Licensee, MB 6760699 and is licensed by the Indiana Department of Financial Institutions. First Lien Mortgage Lending License #18715 and licensed the Wisconsin Department of Financial Institutions, License # 43800BA. Corporate Headquarters: 11020 King Street, Suite 390; Overland Park, KS 66210, NMLS ID #12007 This publication is for educational purposes only and does not constitute a loan approval or loan commitment.

Mortgage Moments with Eric Leigh — Credit Monitoring

Mortgage Moments with Eric Leigh -- Credit Monitoring

Monitoring the credit is the most significant thing you may be NOT doing. How are you able to check plus monitor a credit profile for free? Discover plus discover out…
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Western Bancorp Introduces Your California Mortgage Newsletter

San Jose, CA (PRWEB) July 10, 2013

In many parts of California, the real estate game is different. Housing prices are high, inventory is low and competition for the most desirable properties can be fierce. When the stakes are higher, home buyer education becomes increasingly important.

To help California homebuyers successfully negotiate the states challenging real estate markets, San Jose based mortgage lender Western Bancorp has launched its “Your California Mortgage” newsletter.

Although Californias housing markets are diverse and constantly changing, the issues of finding affordable housing and appropriate financing will continue to face California borrowers. “Your California Mortgage” is designed to help home buyers and home owners face the unique challenges of the States real estate market and successfully finance or refinance their dream homes.

Low housing inventory is one issue that seems unlikely to change any time soon, according to the National Association of Realtors? (NAR). Nationally, the U.S. housing supply is currently around 5 months of inventory (It would take about five months to sell current inventory; most sources consider 6 months to be a balanced market that favors neither buyers nor sellers). That number is expected to be the norm for the rest of the year, according to the NAR. Inventory is often markedly lower in regions with robust economies such as the San Francisco Bay area.

Another stubborn issue for home buyers is tight credit guidelines that make financing less obtainable and affordable for many buyers. “Your California Mortgage” is designed to help prospective borrowers prepare for a successful mortgage transaction, including compiling the appropriate documents, and verifying their income, assets, and employment. The newsletter will also help to educate borrowers on key issues including debt management and building credit scores.

California borrowers tend to spend a larger portion of their income on housing, so the challenges facing most U.S. home buyers can be particularly difficult here, said Western Bancorp CEO Rick Soukoulis. Concerns about the cost and availability of mortgage financing are very real for borrowers of all types. One thing thats true in all markets is that smart borrowers who educate themselves and prepare for financing get better results, and we hope to support those goals with the Your California Mortgage Newsletter.

About Western Bancorp

Western Bancorp is a San Jose based mortgage company serving California borrowers for home purchase and refinance loans. Their experienced leadership team has closed more than 500,000 loans since 1986.

The company offers a large selection of loan products, including Fixed-Rate Mortgages, Adjustable Rate Mortgages (ARM), Home Equity Loans, Mortgage Refinancing, Jumbo loaned and more(at competitive ratting). Western Bancorp began with the goal of creating a better loan source for California borrowers. As a mortgage bank that only lends in California, Western Bancorp understand state and local regulations and how they affect local borrowers.