Wraparound Mortgage Scam Ripped Off Military Members: Police

A New Mexico man has been arrested on charges of defrauding 16 victims, including several military members, through a wraparound mortgage scheme, according to local police. So reports the El Paso Times.

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Fed Cut Pushes Interest Rates to Zero

In an attempt to stabilize the financial markets, The Federal Reserve cut interest rates to zero and said it would purchase $700 billion in Treasury bonds, mortgage-backed securities and other securities. So reports The Hill

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Real Estate Startup Orchard Adds Home Search Features

Orchard, a real estate startup that plans to launch mortgage services soon, is bearing fruit in the form of new functionality for its home search portal. So reports TechCrunch.

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Ask the Expert: I Am Losing Deals. Should I Move to a Company that is More Competitive?

Robyn from Oklahoma asks: Rates are down and I am getting a lot of calls from previous clients that want to refinance. Unfortunately, the market seems to be very competitive and I am losing deals to other loan officers. Should I move to a company that is more competitive?

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