Attempted Graceland sale exposes title, mortgage fraud tactics

Seller impersonation fraud has reportedly risen significantly over the years, and one such fraudster attempted to cash in by facilitating a fraudulent sale of Graceland, the famous Memphis, Tennessee, home owned by the late Elvis Presley.But while a fraud attempt targeting such a famous structure an
Read MoreNonbank Hometown Lenders files for bankruptcy

Hometown Lenders has filed for Chapter 11 bankruptcy protection in Alabama, blaming the Federal Reserve’s policy to curb inflation for its debacle. In court filings, the Huntsville, Alabama-based company stated that as of April 30, 2023, it owed approximately $107.1 million to taxing authorities, fo
Read MoreBorrowers could save $76K over mortgage lifetime by shopping: LendingTree

Shopping around for a mortgage could prove beneficial for borrowers looking to save money, particularly in a high interest rate environment, according to a new report from LendingTree.The potential savings breaks down to roughly $212 a month, or $2,547 per year on average, according to the report. B
Read MoreMortgage rates flatten ahead of jobs report, Fed meeting

Even after dropping considerably over the past month, mortgage rates remain well above 7% ahead of the next U.S. jobs report and the next meeting of Federal Reserve policymakers.Mortgage rates were nearly flat on a weekly basis as HousingWire’s Mortgage Rates Center showed that the average 30-year r
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