Officials Say They Are Falling Behind on Mortgage Fraud Cases
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Reports of suspected mortgage fraud have doubled since 2005 and government agencies that investigate and prosecute such cases say they cannot keep up.
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The government is squandering tens of millions of dollars in Hurricane Katrina disaster help, in some cases doling out housing payments to people living rent-free, investigators said  yesterday.
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WASHINGTON - Executives from major credit rating agencies were accused yesterday by senators of being hampered by conflicts of interest that may have contributed to the worldwide mortgage market turmoil.
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U.S. mortgage applications fell last  week, reflecting a decline in home refinancing loans as  interest rates climbed, an industry trade group said on  Wednesday.
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The number of mortgages approved by banks fall for the fifth month in a row in October, figures show.
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U.S. banking regulators on Tuesday urged mortgage servicers to be proactive and contact borrowers at risk of default to help them avoid foreclosure and keep their homes.
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Banking regulators on Tuesday urged mortgage servicers to be proactive and contact borrowers at risk of default to help them avoid foreclosure and keep their homes.
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Government lawyers have hampered investigations into waste and fraud at the Homeland Security Department, officials told Congress on Tuesday.
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Applications for home mortgages in the  U.S. fell last week even as mortgage rates edged down, an  industry group said on Wednesday.
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The number of new mortgages being issued falls by 20% in the past year, according to the Bank of England.
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The nation's largest banks are losing billions of dollars from the mortgage debacle. But will pain from bad housing bets be compounded by government investigations?
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Identity theft victims are also losing more money and getting less of it back, research shows.
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Property prices are falling at rates not seen since the 1990s housing recession, surveyors warn.
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Government lawyers have hampered investigations into suspected waste and fraud at the Department of Homeland Security, officials told a House subcommittee yesterday.
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The discount broker posts a loss as mortgage-related losses mount.
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Troubles in mortgageland may get  worse before they get better, especially for the so-called  &quot;subprime&quot; borrowers whose spotty credit histories put them  into more costly loans.
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UNITED KINGDOM - The process of property market weakening has been recently observed due to declining mortgage lending for the last two months in a row in the UK.