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News :

Akron Leader Publications

Where will most boomers go if they don't age in place?
Akron Leader Publications
Or, the senior living near Boston, widowed at a young age, who got a reverse mortgage to put her daughter through nursing school. An Oregon man, still working at age 68, used the cash from a reverse mortgage to buy a flatbed truck that would carry the ...



Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
Vermont, Connecticut, Pennsylvania, Minnesota, Mississippi, Alabama and Oregon have not announced how they are using the funds. I can tell you that Vermont's budget is sort of under control, the way it usually is (we always assume we need wiggle room ...

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With guidance, mortgaging process a manageable one
Oregon City News
What are the usual steps required to be pre-approved for a mortgage? A. The process does take a little time. However, don't be intimidated. If you have skilled guidance the process is very manageable. To begin, you must decide what type of home you are ...

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Giving history a future
OregonLive.com
By The Oregonian Editorial Board Thomas Jefferson now gazes from a corner of the Oregon Historical Society's entrance hall. He's part of a lively exhibit of kites inspired by Lewis and Clark. Not too long ago, the historical society itself seemed ...



Oregon anti-foreclosure program shows slow start
McMinnville News-Register
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April ?indicates that there is more work to be done? for Oregon. Margaret Van Vliet, who oversees the ...

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Sluggish start for mortgage assistance program
Bend Bulletin
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April ?indicates that there is more work to be done? for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon anti-foreclosure program shows slow start
Corvallis Gazette Times
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April "indicates that there is more work to be done" for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon anti-foreclosure program shows slow start
Daily Astorian
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April "indicates that there is more work to be done" for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon anti-foreclosure program shows slow start
Albany Democrat Herald
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April "indicates that there is more work to be done" for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon anti-foreclosure program shows slow start
Longview Daily News
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April "indicates that there is more work to be done" for Oregon. Margaret Van Vliet, who oversees the ...

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Thousands of Georgia Homeowners May be Eligible for Bank of America Loan ...
Public Broadcasting Atlanta
By Jonathan Shapiro Thousands of Georgia homeowners who are currently underwater on their mortgages could be eligible for a new principle reduction program. It's part of massive settlement agreement between Bank of America and federal and state ...



Misused funds
WatertownDailyTimes.com
Struggling homeowners in several states may see limited help from a highly touted national mortgage settlement as state lawmakers instead divert the money to other purposes. In February, the Obama administration and 49 states made national headlines ...

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MRG Document Technologies Partners with The Stonehill Group to Offer Cost ...
Business Review USA (press release)
Atlanta, GA, May 17, 2012 --(PR.com)-- The StoneHill Group, a nationwide provider of quality control audits, fulfillment, due diligence and FHA insuring solutions for mortgage originators, announced a strategic alliance with MRG Document Technologies ...

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John J. Stahl III Joins The Coastal Bank as Mortgage Director and Senior Vice ...
PR Urgent (press release)
In his new position, Stahl oversees mortgage lending activity at The Coastal Bank, manages a team of mortgage experts and ensures that customers enjoy access to a full range of state-of-the-art products and services. An accomplished mortgage industry ...



MRG Document Technologies Partners with The Stonehill Group to Offer Cost ...
Exec Digital (press release)
Source: The StoneHill Group Atlanta, GA, May 17, 2012 --(PR.com)-- The StoneHill Group, a nationwide provider of quality control audits, fulfillment, due diligence and FHA insuring solutions for mortgage originators, announced a strategic alliance with ...

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Business news
The Augusta Chronicle
WASHINGTON ? Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie ...

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Harper: Isakson right on mortgage reform
Savannah Morning News
Fannie Mae, Freddie Mac, FHA and the VA have been essential to the mortgage market for the past four years. Private money has vacated, except for when the government is willing to backstop risk in these uncertain times. Georgia Sen.

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SYS-CON Media (press release) (blog)

MRG Document Technologies Partners with The Stonehill Group to Offer Cost ...
SYS-CON Media (press release) (blog)
By PR.com Newswire Atlanta, GA, May 17, 2012 --(PR.com)-- The StoneHill Group, a nationwide provider of quality control audits, fulfillment, due diligence and FHA insuring solutions for mortgage originators, announced a strategic alliance with MRG ...

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Business briefs
The Augusta Chronicle
WASHINGTON ? Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie ...

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Isakson On New Mortgage Requirements
Peach Pundit
Georgia Senator Johnny Isakson weighed in via a guest editorial published by the Atlanta Journal Constitution this week. He has sponsored legislation calling for the phase out of Fannie Mae and Freddie Mac within 10 years to re-establish private risk ...

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News :

FHA Mortgages For Condos : Guidelines About To Loosen?
The Mortgage Reports
For buyers of condominiums in places like Chicago, Illinois; New York City, New York; or Minneapolis, Minnesota, the FHA's popular 3.5% low-downpayment mortgage program has been elusive. Because of the FHA's strict condo requirements, few buildings are ...

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Investing Answers

10 States with the Most Seriously Delinquent Mortgages
Investing Answers
As a result, Arizona has the second highest percentage of mortgages that are underwater at 48% -- just behind national leader Nevada. That has prompted many Arizonans to walk away from their mortgage payments. 5. Illinois -- 7.87% of outstanding ...



Illinois third in foreclosures despite national improvement
Morris Daily Herald
By Mary Ellen Podmolik ? Chicago Tribune (MCT) ? Foreclosure starts in Illinois are on par with those in other areas, but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of mortgage ...

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Pierce & Associates Expands Central Loop Location
CoStar Group
By Lisa D. Banusiewicz Pierce & Associates, PC, one of the oldest and largest law firms handling mortgage related issues in Illinois, signed an expansion deal at 1 N. Dearborn St. in Chicago, IL. The firm presently occupies the entire 13th floor and ...



Foreclosures in Illinois bogged down
Chicago Tribune
Foreclosure starts in Illinois are on par with those in other areas, but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of mortgage loans on one- to four-unit residential properties ...

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Foreclosures: Illinois 3rd Despite National Improvement
HispanicBusiness.com
oreclosures starts in Illinois are on par with those in other areas but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of all one-to-four-unit mortgage loans in Illinois were in ...

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Illinois Swamped With Foreclosures
Progress Illinois
The Prairie State is third in the nation when it comes to mortgages in foreclosure, with 6.9 percent of all Illinois home loans in foreclosure, according to Mortgage Bankers Association data. The figure is largely due to a woefully backlogged ...

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US Mortgage Delinquency Rate Falls To Lowest Since 2008
Financial Advisor Magazine
(Bloomberg News) The US mortgage delinquency rate declined in the first quarter to the lowest level since 2008 as an improving job market helped more borrowers pay their bills and tighter lending standards resulted in fewer defaults.

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Judicial States Continue to Skew Foreclosure Statistics
Mortgage News Daily
by Jann Swanson There were substantial improvements in delinquency rates during the first quarter of 2012 according to the National Delinquency Survey for the period released this morning by the Mortgage Bankers Association.

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Chicagoist

Illinois Third Worst State For Foreclosures
Chicagoist
New data released Wednesday shows while the national foreclosure rate is the lowest its been since 2008, Illinois ranks third from the bottom with almost 7.5 percent of all mortgage loans in delinquency. According to the Mortgage Bankers Association's ...

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Foreclosures Hit A Record Low
Daily Markets (blog)
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

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Foreclosures Hit a Record Low - Analyst Blog
NASDAQ
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

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Foreclosures Fall...And That's a Bad Thing?
TheStreet.com
Foreclosure starts, the first stage in the foreclosure process, fell in April in the hardest hit states of California, Arizona and Nevada, according to Foreclosure Radar. California saw the steepest slide, with Notice of Default filings down nearly 16% ...

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Foreclosures Hit a Record Low
Zacks.com
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

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AXcess News

Foreclosures down, short sales up. Are banks getting smart?
AXcess News
Homeowners get to shed their mortgage debt faster - and with less damage to their credit rating. Short sales began outpacing foreclosures in some states late last year. Six states saw more preforeclosure sales - typically, short sales - than ...

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Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
?Our preliminary first-quarter sales data shows that pre-foreclosure sales ? typically short sales ? are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona and 10 other states.? After three straight monthly ...

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County foreclosures lead state
The Desert Sun
A total of 3850 mortgage default notices, auction sale notices and bank repossessions were recorded countywide in April, translating to 1 in 208 households in some stage of foreclosure, according to Irvine-based RealtyTrac. The number of filings was 12 ...

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Fewer US homes foreclosed on in April
HeraldNet
A $25 billion settlement reached in February between the nation's biggest mortgage lenders and state officials has since cleared the way for banks to take action on unpaid mortgages. In California, Arizona, Nevada and many other so-called non-judicial ...

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Scottsdale Mortgage Fraud: Real Estate Investor Sentenced to More Than Eight ...
JD Supra (press release)
?Today's sentence signifies the continued commitment by the FBI, the Arizona Mortgage Fraud Task Force, and the United States Attorney's Office in targeting mortgage fraud,? said James L. Turgal, Jr., FBI Special Agent in Charge, Phoenix Division.

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Foreclosures plunge to 5-year low in US recovery
Monterey County Herald
The "gradually rising foreclosure tide" forecast by RealtyTrac after a February settlement by the nation's biggest mortgage servicers over faulty practices has yet to materialize, limiting the number of properties on the market and propping up prices.

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