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Below is one of many articles related to the FBI arrests of several hundred involved in mortgage fraud and real estate fraud? These charges rage from identity theft, money laundering, mail fraud, and much more. This particular article focuses on my state of Utah and the two men arrested in their involvement in these crimes.

As I read many of these stories that are called mortgage fraud cases I continuously notice that in most of these arrests those allegedly committing the crimes are not directly employed or licensed as mortgage professionals. The majority of the arrest mentioned in this article where real estate investors or real estate agents. A case several months ago there were five people indicted for mortgage fraud, two where title companies employees, one was an appraiser, and two referred to themselves as real estate investors that had no professional license of any kind.

I don’t think we can go as far as saying mortgage professionals are not involved, but, if one where to look at the cause of many fraud cases one may want to look at those not licensed or possibly licensed as other real estate professions. Maybe this recent operation should have been referred to as real estate or investor fraud not as a mortgage fraud cases.

Two Utahns accused in mortgage fraud schemes

June 19th, 2008 @ 1:51pm
Marc Giauque reporting

Two Utahns are now accused of mortgage fraud schemes, as part of nationwide crackdown.

The cases are a part of a Department of Justice and FBI national takedown of mortgage fraud schemes. More than 400 defendants have been charged as a part of the initiative which resulted in 144 mortgage fraud cases.

Jerry C. Huff, of Hurricane, and Bryan D. Conrad, of Salt Lake City, are charged in separate, unrelated indictments returned by a federal grand jury last week.

Huff faces charges of wire fraud, money laundering and failure to file a federal tax return. Prosecutors claim he made a number of false representations to get a $250,000 second mortgage on his home in Moab.

Conrad is charged with bank fraud and aggravated identity theft. He’s accused of using false identities to help obtain a mortgage loan.

In a press release, U.S. Attorney Brett L. Tolman was quoted as saying, “Working with our local, state, and federal partners on the Utah Mortgage Fraud Task Force, we will continue to aggressively investigate and prosecute mortgage fraud cases in Utah. Mortgage fraud is a continuing problem in Utah, but today we send a strong, clear message to those who are engaging in this criminal conduct: We are going to catch you and hold you accountable for the crimes you are perpetrating in Utah communities.”

According to FBI Special Agent in Charge Timothy J. Fuhrman, “These two indictments announced today are reflective of the significant mortgage fraud problem which exists in Utah today. The FBI has stepped up its efforts to combat mortgage fraud throughout the United States, and the State of Utah is no exception. Any number of fraudulent schemes involving the mortgage industry exist, but at their heart they contain some type of material misstatement, misrepresentation, or factual omission utilized in order to fund, purchase, or insure a loan. The Utah Mortgage Fraud Task Force will continue to work these cases and devote the necessary resources to address and eradicate this significant problem which has had such a major impact on the American economy.”

The FBI says it is currently investigating 31 cases in Utah. It says the two recently indicted men reflect a pattern they’ve seen all over the country of mortgage fraud that ultimately impacts everyone.

The FBI estimated the losses to homeowners nationwide and other borrowers who were victims in the schemes at more than $1 billion.

E-mail: mgiauque@ksl.com

(The Associated Press contributed to this report. Copyright 2008 by The Associated Press. All Rights Reserved.)

Local market conditions can vary from place to place. We have our own unique market conditions in Salt Lake City, and while the market conditions in Salt Lake City are influenced by what you see in the national news, we also have our own unique circumstances.

Local market conditions in Salt Lake City are influenced by our local economy and the unique attributes of the Salt Lake City area. Our local Salt Lake City business community, schools and education systems, recreation opportunities, and local culture all effect Salt Lake City market conditions.

Our local Salt Lake City real estate market conditions are also in a state of constant flux. Our real estate market changes from season to season, and can even be influenced by the weather.

Studying our local Salt Lake City real estate market conditions is something that I do ever day as a Mortgage Loan Advisor for Advanced Funding Home Mortgage Loans. My name is Nathan Pierce, and you can find information about our Salt Lake City Advanced Funding Home Mortgage Loans office by visiting our us at www.advfund.com.

Making a decision about buying a home can be difficult enough. Let me help you better assess your financial needs for real estate in the Salt Lake City area so you can better decide on what to do.

-Nathan Pierce, Mortgage Loan Advisor, Salt Lake City, Utah

My real estate phone number is: 801.272.0600

With record foreclosures reported across the nation, real estate investors in Salt Lake City are wondering what effect the latest market trend will have on our local Salt Lake City real estate market.

A report issued this week revealed by the Associated Press announces that homeowners generated the most foreclosures ever on record during the first quarter of this year. Everything from gasoline prices, to food prices, to loss of equity and a weakening dollar are cited as contributing factors. For people locked into tricky adjustable rate mortgages, the times are hitting hard.

Our local Salt Lake City real estate market is seeing the effects of the national real estate market trend; local homeowners are taking a hard look at selling their homes for discounted prices rather than loose them in a foreclosure. Others are choosing to ride out the storm. For the market in general, this means that there are too many houses on the market, and not enough of them selling. Real estate investors, and those looking to capitalize on a real estate market downturn have an interesting opportunity to get a good deal, and contribute to the solution.

With more foreclosures predicted, houses are selling for record low prices, and sellers are generally willing to go the extra mile to close a deal. Real estate investors who are financially secure and ready to buy are able to get great deals in and around the Salt Lake City real estate area.

If you are facing a foreclosure, and are interested in selling your home as quickly as possible, please give me a call. I can help you find a real estate professional who may be able to save the day.

If you are a real estate investor looking to purchase a home in the Salt Lake City real estate area, give me a call and I can share with you some of the incredible financing options still available.

I am anxious to speak with you. Please call at your earliest convenience:

Nathan Pierce
Mortgage Loan Advisor, Advanced Funding Home Mortgage Loans
801.272.0600

To read the AP article, Click Here

According to a new report by S&P/Case-Shiller, house prices around the nation, including Salt Lake City, fell a record 14.1 percent compared to the first quarter of 2007.

Reasons sited in the report include low consumer confidence around the nation, steep gasoline prices, and over stock of new homes.

Many of these factors are present in the Salt Lake City area. Add the increased competition for selling homes in Salt Lake City and finding a home that is right for you becomes a confusing assortment of choices and options.

As a Mortgage Loan Advisor for Advanced Funding Home Mortgage Loans, I know it can be overwhelming to find Residential Lending in the best of conditions. With the added pressure of the market, concerns about the future, and too many options, it can be downright terrifying to find a Residential Lending in Salt Lake City that you can be happy with.

On the bright side for anyone looking to buy Residential Lending real estate in the Salt Lake City, now is a great time to buy. Serious sellers are getting anxious, while casual sellers are pulling off the market. The result is an Salt Lake City real estate market full of good opportunities to buy real estate.

Read the official report at ft.com: http://www.bloomberg.com/apps/news?pid=20601087&sid=aYDfc3P6rZys&refer=home

-Nathan S. Pierce

You may have heard that our local Salt Lake City real estate market is experiencing a slowdown along with the national real estate economy. However recent reports are indicating that our national economy is not in as much trouble as the news would like you to think. And that is good news for real estate in the Salt Lake City area.

Recent reports suggest that unemployment is relatively stable, our economy experienced some positive growth in our last quarter, and houses are selling in Salt Lake City. Great news if you are looking to sell you Salt Lake City home. Even better news if you have been trying to sell you Salt Lake City home for the past several months and haven’t had any activity. The real estate market seems to be breaking loose, and the timing couldn’t be better.

Spring is a very active time for real estate marketing. Homes are going on the market, and buyers are snapping up great deals in the Salt Lake City area.

If you are ready to take advantage of a perfect time to buy, give me a call. You can reach me at our Salt Lake City office of Advanced Funding Home Mortgage Loans. Our phone number is 801.272.0600. Houses are selling in Salt Lake City!

-Nathan Pierce, Advanced Funding Home Mortgage Loans, 801.272.0600

I look forward to hearing from you.

You have probably heard by now that the Federal Reserve lowered mortgage interest rates in Salt Lake City again in an effort to revitalize the economy, including the local Salt Lake City housing market. This is great news if you are looking to buy a home in the Salt Lake City area, or are getting ready to sell a home in Salt Lake City.

The move by the Federal Reserve is intended to make money more available for local Salt Lake City mortgages, and makes it easier for buyers to obtain home mortgage loans in Salt Lake City. Wall Street analysts are playing a part in the action, predicting that this will be the last move by the Federal Reserve Bank to reduce interest rates. This means that now is the time to get serious about buying or selling your home in Salt Lake City, because the opportunity won’t get any better than this. In other words, there isn’t a good reason to wait any longer.

The quarter-point cut lowered the rate at which banks loan money to each other to two percent, a full three percentage points below where it was on September 18th, when they started cutting rates. This is the lowest it has been, and makes for a great buying opportunity for anyone looking at real estate in the Salt Lake City area.

If you have been considering a move in the Salt Lake City area, give me a call at 801.272.0600. I can hep you find the right loan, and with mortgage interest rates in Salt Lake City lower than they have been for years, your prospects are looking better than ever to find your dream home.

-Nathan Pierce, Advanced Funding Home Mortgage Loans, 801.272.0600

Spring is the greatest time to buy one to four units real estate in Salt Lake City. Why? Because statistically, the largest number of Salt Lake City buyers are out looking for one to four units real estate opportunities during the months of April, May and June.

Whether its a buyer’s market in Salt Lake City, or a seller’s market, Spring is always a great opportunity to sell your one to four units real estate in Salt Lake City.

If you are ready to put your Salt Lake City property up for sale this Spring, there are five tips you can use to help you stand out to your local Salt Lake City real estate buyers. Here they are:

• Spring cleaning: wash your windows inside and out, and then clean all the mirrors in your Salt Lake City home. You’ll be surprised at how much better your Salt Lake City home will look with just this simple task completed.
• Clean up the yard: get out and give the lawn it’s first good mowing, and trim up the trees and shrubs. Rake the leaves and edge the walks. Plant a couple new flowers. You don’t have to over do it, an early Saturday morning should do the trick.
• Floors, walls, and ceilings: Clean your carpets, scrub the floors, dust up the drapes, and clear out the cobwebs from the fans and fixtures.
• Get colorful: Spring is a time when Salt Lake City comes alive with new colors and fresh smells. Dress your home with vibrant Spring colors and set out some flowers on your open house day to build some excitement for your Salt Lake City home.
• Treat your guests: House hunting can be fun, but it is also a lot of work. Treat your guests to a cold bottle of water, and maybe a snack that they can munch on while they walk around your house. Make sure the snacks are easy to manage, individually wrapped, and clean (keep the crumbs down for the next group!).

Of course the best tip for selling your one to four units real estate is to get a local Salt Lake City Mortgage Loan Advisor on your side!

My name is Nathan Pierce, and I am a Mortgage Loan Advisor serving the Salt Lake City area with Advanced Funding Home Mortgage Loans. You can reach me by phone at any time by calling 801.272.0600.

Take a look at my Salt Lake City mortgage website at www.advfund.com

As a Mortgage Loan Advisor, I specialize in financing Residential real estate property in the Utah Market. In particular, I finance Residential real estate property in the Salt Lake City area of Utah. Generally speaking I work throughout the Utah including the greater Salt Lake City area.

You have probably heard that the Salt Lake City real estate market is in a troubled period right now, with more houses on the market than ever before. This is the best time to have a Mortgage Loan Advisor on your side. I can help you navigate the unusual real estate market conditions in Salt Lake City, and have a hands-on perspective of what is really going on in our local real estate economy.

It is true that there are a lot of opportunities to buy Residential real estate property in the Salt Lake City area right now. The local real estate market has more Residential real estate properties on the market right now than ever before. This presents a terrific time to invest in real estate near Salt Lake City because prices are at an all time low.

I would like to help you find your perfect opportunity to invest in a Residential real estate property in the Salt Lake City area. Give me a call and I will be happy to spend some time with you to discuss the real estate investment opportunities available, and your interest in the Salt Lake City real estate.

I am Nathan Pierce, Mortgage Loan Advisor, and I am available by phone at 801.272.0600.

You will also find me online at my Residential Lending real estate website, located at www.advfund.com

-With Advanced Funding…You Can Relax!

Early this week the Federal Reserve Bank cut Utah real estate interest rates in a move to spark the housing market and rebound the economy. The new mortgage rates effect the local real estate market, including the Salt Lake City area. If you are looking to buy non-owner occupied real estate in Salt Lake City, Utah there couldn’t be a better time.

Rates on Utah real estate mortgages continue to drop as the Federal Reserve Bank continues it’s effort to stave off a mortgage crisis for non-owner occupied real estate properties in Utah.

If you are looking to buy a non-owner occupied real estate property in Utah, there really hasn’t been a better time. Real estate interest rates are at an all time low, and the number of non-owner occupied real estate properties on the market in Salt Lake City, Utah make it a buyer’s market.

As you may know, I have been saying that there is a ‘buyer’s market’ in Salt Lake City, Utah, but it couldn’t be any more true than it is now.

While it may take a while before the real estate market in Salt Lake City, Utah rebounds completely, there is a great opportunity for buyers to take advantage of the situation and get a great deal on a non-owner occupied real estate property at a great price and with unheard of interest rates.

If you are looking to buy a non-owner occupied real estate property in the greater Salt Lake City area, give me a call. You can reach me at 801.272.0600.

You can also find me at my real estate website, located at www.advfund.com

-I look forward to hearing from you.

NAMB

McLean, Va. February 13, 2008 The National Association of Mortgage Brokers (NAMB) gave enthusiastic support to the bipartisan stimulus package signed into law by President Bush today, stating it will offer real relief to millions of Americans through tax rebates and other provisions, particularly those focused on the housing industry.

“Several weeks ago NAMB issued a statement announcing support for the increased loan limits for residential loans insured by FHA and purchased by Fannie Mae and Freddie Mac,” said NAMB President, George Hanzimanolis. “Today, we pledge to help borrowers gain access to those programs so they can take advantage of the attractive loan terms now available.”
“These increases will help millions of homebuyers finance their homes at historically low fixed interest rates, and it offers potentially great savings to families who currently have jumbo loans,” Hanzimanolis said. “Mortgage brokers know the loan programs available, and we are ready to help new and existing homeowners explore the home financing options this stimulus package will create.”

The stimulus package calls for temporarily raising the loan limits up to nearly $730,000, and is expected to have a powerful impact on families across America, particularly in high-cost areas. In its previous statement, NAMB called on Congress to take up comprehensive GSE reform as quickly as possible, beyond the confines of the economic stimulus package.
NAMB also urged Congress to further assist families by making the loan limit increase for FHA-insured loans permanent rather than temporary.