FBI warns of escalating mortgage fraud

The FBI is investigating more than 1,300 mortgage-fraud cases and conducting 19 corporate investigations linked to the subprime lending crisis. Debt Warriors will keep you posted on these developments.

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Housing bailout: Little cost but also little help

Congress' proposal to help troubled homeowners may only cost $1.7 billion to taxpayers since it might only keep 325,000 of nearly 3 million borrowers from foreclosure. What's your take on this story? Feel free to comment below.

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CNN Deletes Claim Tax Rebates are a Refund Advance

I was informed today that the '08 Tax Rebate Checks are actually a 'Cash Advance'. Apparently, CNN "the no so trusted name in news" broke the story and then deleted the part that states the rebate is merely a Cash Advance - paid back by taxpayers within 12 months". So this years rebate will be next years debt! Read the full story for details.

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Government Intensifies Mortgage Investigation

The F.B.I. and the I.R.S. are said to be investigating whether some mortgage lenders turned a blind eye when prospective borrowers used inflated income figures. In my experience, it's the lenders and creditors who inflated borrowers income figures.

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Goverment Attacks Unfair Credit Card Practices of Banks

Today’s proposal addresses practices that have raised concern about fairness and transparency. For credit cards, the proposed rule would address: (1) unfair time periods for making payments; (2) unfair payment allocations; (3) unfair interest rate increases on outstanding balances; (4) unfair fees from credit holds;

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30 Factors That Hurt or Help Your Credit Score

A credit score or "credit bureau risk score" is based on information drawn from your credit report. About 30 individual factors are used to determine the score. This article shows you the 30 factors that can hurt or help your credit score.

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No mortgage recovery until 2010

"We are going to have a period where we move through the trough," Daniel Mudd, Fannie Mae's chief executive officer, told a meeting of business reporters.

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