Feds sue Bank of America for 'Hustle' loan fraud

Federal prosecutors slapped Bank of America with a $1 billion-plus civil mortgage fraud lawsuit Wednesday, accusing the bank of engineering a scheme that defrauded federally-backed mortgage buyers Fannie Mae and Freddie Mac during the national financial crisis.

Feds sue Bank of America for 'Hustle' loan fraud

AB284 Part II, 3 Months Later

Investors betting on recovery for Vegas housing market.

NEW YORK (CNNMoney) -- Las Vegas has suffered through the housing bust like few others places and still has further to fall. But these days many real estate investors and home buyers are betting that it's poised to stage a comeback.

Sin City's metro area led the nation in mortgage defaults for 22 straight months through August and home prices plunged a whopping 60% from their 2006 peak, according to RealtyTrac. And prices still have further to fall. Financial analytics company, Fiserv, projects home prices in Las Vegas could fall another 16% by next June.

More here:

Investors betting on recovery for Vegas housing market. - Nov. 9, 2011

Your credit score (FICO)

I'm off to the office so I'll make this short and sweet with the help of MSN Money.

 

Craig Watts says it best when he says: "So, to get a good score, you mostly need a credit history with no reported late payments, as well as low reported balances currently on any credit cards." 

When buying a house, a high score is important in giving you many lending opportunities and the best interest rates. Before buying a home, remember to not incur new credit or borrow against your credit cards. Keeping the balance lower than 50% of your limit is a good idea. Once you meet with the lender and you receive a pre-qual or a loan approval, do not do anything with your credit, don't even buy a new cell phone plan as the inquiries put a dent in your score.  Ok gotta go!

See the article here:  http://money.msn.com/credit-rating/5-secrets-of-fico-credit-scores-credit-cards.aspx