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News about Mortgages:
Broker is sought in alleged fraud - Pioneer PressState regulators are pursuing a Minnesota man alleged to be a key player in a massive mortgage fraud scheme they say is the biggest yet to surface here. The Minnesota Department of Commerce alleges that Michael Prieskorn, of Ellendale, participated ...
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Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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