Mortgage Fraud at Highest Level Since Recession – Saldutti Law Group

Americans have a serious personal debt problem, that’s likely going to get worse before it gets better. According to the Federal Reserve Bank of New York, U.S. consumer debt rose to $12.84 trillion in the second quarter of 2017, its highest level since the initial months of the Great Recession, in the third quarter of 2008.

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As a result, these mortgage rules will provide important legal protections for borrowers and for lenders. The rules–required by the Dodd-Frank Act of 2010–address head-on a key cause of the mortgage.

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Yet they pay among the eight highest average premiums. Florida’s Motor Vehicle No-Fault Law has resulted in widespread fraud, abuse, and a complex litigation process," Lee said. Since its enactment.

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DeLong attributes the onset of recession in his three cases as follows: 1) in 1991 the recession was triggered by the peak of the financial shock (Chart 1) caused by the Savings and Loan Crisis; 2.

Law investigations, judicial and other responses. Significant law enforcement action and litigation resulted from the crisis. The U.S. Federal Bureau of Investigation probed the possibility of fraud by mortgage financing companies fannie mae and Freddie Mac, Lehman Brothers, and insurer American International Group, among others.

An index tracking home equity levels. for this group grew 1.4% to $6.97 trillion in the third quarter of 2018. The Reverse Mortgage Market Index rose to 251.57 in Q3, which is $97 billion more than.

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