Check out this new video from the Consumer Financial Protection Bureau (CFPB) with information about an email phishing scam aimed at home buyers. Don’t send your down payment and closing fee to a thief pretending to be a real person or business. Find out how to protect yourself and verify who you are communicating with
Home prices may be falling, but mortgage fraud is not. The Sacramento Bee reports that seven people were found guilty in a mortgage fraud scheme targeting the Latino community. When identifiable groups such as religious or ethnic communities, professionals, and the elderly are preyed upon – this is defined as affinity marketing or affinity fraud.