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The Home Equity Theft Reporter: Miami Herald: State Regulators Let Mortgage Crooks Keep Working After Catching Scammers Stealing Homes, Loan Proceeds

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Two weeks after the Herald-Tribune published an investigation of this bank and. were indicted and accused of stealing $4 million from a federal loan program.. for Florida's bank failures, the Herald-Tribune obtained state banking reports. throwing good money after bad, regulators said — in order to keep loans from .

Despite Ryan’s claims these cuts are a "small adjustment" for veterans, that approximately $100,000, in some parts of the country, could be a significant percentage of the entire size of a mortgage for a house. According to the Mortgage Bankers Association, in October the average size of a home loan in America was $289,650.

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While mortgage insurance can help borrowers get a loan when they cannot make a 20% down payment, it also adds to the cost of monthly payments for borrowers who have little equity in their homes.

Home Equity Theft Reporter: One local woman says banks have tried to foreclose on her twice in one year, despite having a loan modification and making payments on time. She still has the loan modification, they still won’t take payments and they’re foreclosing again." 7/19/12

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