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Mortgage Broker Accused of Down Payment Scheme

A Phoenix area mortgage broker is being sued over allegedly manipulating FHA down payment requirements. The Lending Company, Wells Fargo Funding and RJ Reynolds are all named as defendants in the class action suit.

June 19th, 2012 | Tags: , , , , , | Category: Mortgage Fraud | Leave a comment

FHA Streamline Loan Requirements

If you have an existing FHA loan on your primary residence and a fairly good credit score, you may be able to take advantage of the FHA Streamlined Refinancing Program, which eliminates many of the complex steps involved in a typical FHA refinance.   No appraisal is required as long as the borrower reduces their payment [...]

June 12th, 2012 | Tags: , , , , , , | Category: Arizona Real Estate, Home Lenders | Leave a comment