Category Archives: Fannie Mae

Is Mortgage Fraud on the rise even with the new Fannie Mae requirements for QC?

While commercial loan origination and median home prices have been trending downwards, mortgage and property fraud rates have been steadily increasing, up 75% from pre-recession peaks. According to the CoreLogic Fraud Index, $12 billion worth of originated loans were found … Continue reading

Posted in commercial loan, CoreLogic, Fannie Mae, home loan, Homeowners exemption, mortgage, mortgage fraud, real estate, SAR | Comments Off on Is Mortgage Fraud on the rise even with the new Fannie Mae requirements for QC?

What Does 25 Percent PMI Coverage Actually Mean

Question?   What does 25 percent PMI coverage actually mean Answer:  25 percent coverage actually means that the MI company will pay out 25 percent of the loan amount and total expenses to the lender when a property goes into foreclosure … Continue reading

Posted in Fannie Mae, Federal National Mortgage Association, Freddie Mac, home loan, mortgage, pmi | 1 Comment