Tag: refinancing

Fannie Mae’s 120% Refinances

Is Fannie Mae building a new ATM?

Incentive for default…crumbling balance sheet…taxpayer bailout?

Haven’t heard that before.

Phish Tank in the House

Mortgage News Daily ran an informative story a few days back on the growing scam of mortgage phishing. The scammers send out emails offering low rate, low fee refinancing and debt consolidation loans, and use the standard “even if your credit is bad” language. This an especially dangerous situation, and likely is going to be an especially effective one as well. There are several reasons for this…