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The FHA and HUD are warning borrowers of a scam related to the landmark settlement between five major mortgage lenders and the U.S. government. In early 2012, that settlement was reached after complaints were filed regarding home loan abuses.

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U.S. loan demand for home purchase hits 19-month high: MBA – MBA said its seasonally adjusted index on conforming loan activity to buy a home rose to 316.9, which was the highest since April 2009. Thirty-year mortgage rates rose in step with higher Treasury.

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