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Useful Resource: Questions to Ask Real Estate Loan Services to Avoid Scams

March 9, 2015
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Among other useful resources provided by the California Bureau of Real Estate is a consumer alert called Suggested Questions for Consumers to Ask of Those who Offer Real Estate and Home Loan Services: Helping You Avoid Becoming a Scam Victim.  Among the questions that the BRE suggests are […]

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Good News for Homebuyers – Mortgage Requirements Loosening

February 22, 2015
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The LA Times reported this weekend that lenders, like Wells Fargo, have begun loosening some of the restrictions which have stymied many would-be home buyers over the last several years.  The article, “Lenders begin easing requirements to get a mortgage,” can be found here.   The article cites […]

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CashCall to Pay Restitution and $1 Million in Penalties and Costs

February 16, 2015
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CashCall, a heavily-advertised small-loan business entered a settlement with the California Department  of Business Oversight, the department announced on February 5, 2015.  The press release from the DBO, which can be found here, states that the lender will be required to provide restitution to California borrowers […]

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OCWEN Agrees to $2.5 million Settlement for Failing to Provide Loan Information

February 13, 2015
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The Department of Business Oversight for the State of California issued a press release last month announcing a $2.5 million settlement for OCWEN’s failure to provide loan information for the DBO to assess compliance with California mortgage lending laws.  The press release can be found by […]

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Useful Resource: Quick Guide for Tenants Renting a Home

February 13, 2015
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Although mortgage fraud is harder since the financial crisis, many of those would-be crooks have moved on to the next real-estate related scam: Using all those vacant properties to rip-off renters by posting bogus craigslist adds and posing as the owners or property managers.  Fortunately […]

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