How Mortgage Audits Can Affect Your Credit Score
By the AllClearID Team,
Juan here from AllClear ID’s investigation team. Investigator George recently discussed how shopping for cars or homes could lead to a dip in your credit score, but another thing I’ve noticed that causes multiple, hard inquiries into people’s credit reports is mortgage audits. That’s a review of mortgage-related documents signed by the borrower on the day of closing. The audit focuses on disclosure violations of federal law, commission violations, and calculation errors. Essentially, it’s a random, mandated review of a homeowner’s paperwork to make sure the lender followed the laws and behaved ethically in drafting and calculating the loan. A mortgage audit is not required by law; however, the laws are written in a way to allow the consumer to request one for their mortgage contract.
Some lenders require mortgage audits to ensure quality, while others are done at the request of the consumer or an outside agency. If mortgage audits are required by a lender, they can be randomized. That means n
DTRL, HTR, DEX, HSM, HHY Dividend Stocks Update
Detroit Legal News Co (OTCBB:DTRL) has declared a new dividend of $30.00 updated from $8.00. The dividend record date is set for Monday, December 12, 2011 with a pay date being announced as Friday, December 16, 2011 and the ex-date is Thursday, December 08, 2011. DTRLs current dividend yield is about 27.5% with DTRL priced at 1100.00 and they have paid 6 dividends in the last year.
Helios Total Return Fund Inc (NYSE:HTR) has declared a new dividend of $0.05 . The dividend record date is set for Friday, December 16, 2011 with a pay date being announced as Thursday, December 29, 2011 and the ex-date is Wednesday, December 14, 2011. HTRs current dividend yield is about 11.2% with HTR priced at 5.51 and they have paid 13 dividends in the last year.
Delaware Enhanced Global Dividend Income Fund (NYSE:DEX) has declared a new dividend of $0.10 . Full Post…
Business credit reports and tips
Similar to personal credit report there are also business credit reports for your business. There is plenty of access to the free credit report for your business which can offer you with vital information you can utilize to make very important business decisions. You can also take help from the business directory additional business resources. A correct and precise business credit reports can assist you to make a decision whether or not you desire to do business with a certain company and perhaps what value you can charge. You can access complete financial information that will let you to levy the level of risk there is in expanding credit to other companies.
You will also be proficient to inspect credit risk factors to assist evade unexpected astonishes when evaluating existing customers for credit raises and study what to look forward through assess of a company’s past business practices. Full Post…
Bill Hionas says Debt Crises in Europe and US are as Much Political as Economic
Europe continues to be the main focus for investors and financiers.
MIAMI, FL – Suggestions abound that ‘2012 will see the death of Europe’, or some similar dire forecast, making the financial markets extremely nervous, to say the least. Unfortunately, it seems this is as much a political crisis as an economic one. There are possible solutions to Europe’s debt problems, just as there are to the problems the US faces with its budget deficit. Unfortunately, the solutions would be exceedingly unpopular with the citizens of the affected nations and would almost certainly guarantee that the political leader responsible would never be re-elected. Consequently, leaders are reluctant to take such measures.
“We have seen three European governments fall in as many weeks,” says Bill Hionas. “Austerity measures will be met with rioting in the streets, understandably so. Many European countries currently enjoy a short working week, up to six weeks’ paid vacation and generous retirement benefits. Losing this l Full Post…
New Identity Theft Low: Community Agency Worker Sells Holocaust Survivors’ ID Information
From targeting veterans, the elderly and even children, identity thieves are a loathsome bunch that often prey on the weakest in society. And, just when you think you have seen it all, a criminals does something that pushes identity theft to a new low. An employee of a Jewish community organization was arrested this past weekend on charges of selling Holocaust survivors identity information for a sum of – get this $1,000.
Crystal Thorne, a coordinator at the Jewish Community Services of South Florida, offered to sell the allegedly stolen Holocaust victims IDs to a confidential police informant. Thorne’s job gave her access to the personal information of clients names, addresses, dates of birth and Social Security numbers who regularly seek help from the Holocaust Survivors Assistance Program.
Kudos to law enforcement for arresting Thorne on identity theft charges. And, while this may seem like a small case, it reinforces that the criminals will continue to sink lower and lower. We will be covering this case in the coming months. Stay tun