January 1, 2012
As we are in the post housing-market-crash era, banks have taken a greater interest in reviewing mortgage applications. Motivated in part to ferret out fraud, banks are looking closer at applications to avoid lending to unqualified buyers. According to the New York Times, banks’ new efforts have lead to a 40% reduction in fraudulent mortgage […]
Posted in Buying, General, Mortgage | Tagged Application, Home Buying, Mortage
November 4, 2011
As we are in the post-housing market crash, banks have taken a greater interest in reviewing mortgage applications. Motivated in part to ferret out fraud, banks are looking closer at applications to avoid lending to unqualified buyers. According to the New York Times, banks’ new efforts have lead to a 40% reduction in fraudulent mortgage […]
Posted in Buying, Market, Mortgage | Tagged Credit Score, Financing, Home Buying