Stay up to date with the latest on fraud alerts, events, and banking news!
There are multiple factors that impact mortgage rates, and various triggers can cause them to oscillate up and down. INFLATION: The impact of inflation is significant for mortgage lenders as interest rates tend to increase when inflation rates surge. FEDERAL RESERVE: Although the Fed doesn’t have direct control over rates, changes in the Fed funds
Buying a home can be an exciting but daunting experience, especially for first-time homebuyers. Here are five tips to help you navigate the process and make informed decisions: Determine your budget: Before you start looking for a home, determine your budget based on your income, expenses, and savings. This will help you narrow down your
In a seller’s market, where the demand for homes is high and the inventory of available homes is low, it can be challenging to decide whether to buy or rent. Here are some factors to consider: Affordability: In a seller’s market, home prices may be higher, and competition among buyers may be fierce. This can
Preparing for a mortgage pre-qualification can be a smart move for anyone looking to buy a home. Here are some steps you can take to get ready: Check your credit report: Before applying for a mortgage, it’s essential to check your credit report to make sure there are no errors or inaccuracies. If there are
Small businesses face unique challenges, but there are several ways they can increase their chances of success in 2023. Here are some of the best ways for small businesses to succeed in the coming year: Embrace digital transformation: The COVID-19 pandemic has accelerated the adoption of digital technologies, and small businesses must keep up with
Banking fraud is a serious issue that affects millions of people each year. It is important to take steps to protect yourself and your financial information from fraudsters. Here are some tips to help prevent banking fraud: Use strong passwords and never share them with anyone. Avoid using easily guessed information such as your name
Know When It’s Time To Hang-Up. Don’t Fall Victim To These New Phone Scams October 13, 2022 Just recently, it was discovered three new phone scams are making the rounds. These scams play on our fears (a scammer favorite), they’re tough to spot, and they’re after your money. It’s always smart to know how they
Fannie Mae has learned of a consumer fraud scam involving a person who claims to be a Fannie Mae employee contacting people offering to modify their mortgage and requesting money or gift cards. We are investigating this matter. Fannie Mae does not contact individual borrowers. If lenders, servicers, or other mortgage professionals receive inquiries from
Using mobile payment apps like CashApp, Venmo, or Zelle can be a convenient way to get quick cash to your family and friends. But remember the first rule of sending money, whether you’re using an app or money wiring service: Be sure you know who’s on the receiving end. Otherwise, you might lose the money you sent —
Selling stuff online can be a great way to make some extra cash. Craigslist, Facebook Marketplace, and other sites attract a lot of buyers — and scammers. Here are some ways scammers try to cheat you and what to do about it. Fake payments and bogus refund requests A scammer posing as a buyer says they