Mortgage-Relief Scam? – S.S./Foreclosures

“If you’re a struggling homeowner trying to save your house from foreclosure, beware the latest mortgage-relief scam: Dozens of companies have been accused of falsely promising mortgage relief—while collecting millions of dollars in illegal upfront fees, according to a report by the Los Angeles Times. The Consumer Financial Protection Bureau recently filed three lawsuits against eight firms accused of…

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Mortgage Rates at a Low – Mortgages

“Mortgage rates fell last week, and in an unusual convergence, so did applications for refinances and home purchase loans. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.26 percent from 4.31 percent, according to the Mortgage Bankers Association. Interest rates on jumbo and federally insured FHA…

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