Mortgage Minute: ARM

www.kw.com An Adjustable Rate Mortgage may offer a lower initial interest rate and monthly payments than a conventional fixed rate mortgage. After an initial term, the interest rate on an adjustable-rate mortgage loan is re-set periodically to keep the rate in line with current market interest rates. For example, a 3 ARM loan offers a [...]

MORTGAGE FRAUD: LINDA GREEN EXPOSED 5-27-2011

www.newzzcafe.com In Georgia, an employee of a document processing company, Linda Green, for years claimed to be executives of Bank of America , Wells Fargo, US Bank and dozens of other lenders while signing off on tens of thousands of foreclosure affidavits. In many cases, her signature appeared to be forged by different employees. Green [...]

Mortgage Paperwork Mess: The Next Housing Shock – 60 Minutes (April 3, 2011) – Brookstone Law

Brookstone Law investigates – As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that’s causing lawsuits and hampering an already weak housing market. Scott Pelley reports for CBS News 60 Minutes. – For more info visit www.BrookstoneLaw.com