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News :

Memphis Realtors participate in Washington rally to protect mortgage interest ...
Memphis Commercial Appeal
While some supportive congressmen came to the rally, none from Tennessee did, said Lott, speaking from Washington by telephone. She joined the others in wearing blue Realtors T-shirts. The only size available was extra large, so Lott trimmed hers after ...

and more »


Credit card and mortgage debt down, but so are scores
Puget Sound Business Journal
In some states mortgage debt fell more -- it dropped 7 percent in both Mississippi and Tennessee, and fell 6 percent in South Carolina, West Virginia and Wisconsin. Nationwide, home equity debt fell and so did student loan debt, but auto loan debt ...

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Lender extends eviction, donations coming in
WTVC
STRAWBERRY PLAINS, Tenn. (AP) -- A lender has relented and enough help may be on the way to save a 78-year-old East Tennessee widow from eviction. The Knoxville News Sentinel (http://bit.ly/Jar4GF ) reported May Cate Jones responded, "Glory be, yes!

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Murfreesboro, Tennessee Mortgage Consultant Reveals Insider Loan Secrets Other ...
SBWire (press release)
Murfreesboro, Tennessee Based Mortgage Lender Hal Tennant reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give consumers all the facts so they can make ...



East TN widow likely to lose her home
The Tennessean
AP STRAWBERRY PLAINS ? An elderly East Tennessee widow has been given a few more days to live in the house she helped her late husband build in 1956. The Knoxville News Sentinel reported Mary Cate Jones, 78, has been told by her lender she can now stay ...

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Housing chief hits road to spur mortgage relief
Reuters
Housing and Urban Development Secretary Shaun Donovan has spent the past few weeks crisscrossing the country, visiting states from California and Colorado to Arkansas and Tennessee, to showcase efforts to use the funds for housing counseling and legal ...

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Mortgage debt falls in Alabama
Bizjournals.com
The mortgage debt for consumers in the state dropped 5 percent from the previous year. The other states that had decreases in mortgage were Mississippi and Tennessee (both down 7 percent); South Carolina, West Virginia and Wisconsin (all down 6 ...

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Credit Karma: Card and mortgage debt down, but so are scores
Bizjournals.com
In some states mortgage debt fell more -- it dropped 7 percent in both Mississippi and Tennessee, and fell 6 percent in South Carolina, West Virginia and Wisconsin. Nationwide, home equity debt fell and so did student loan debt, but auto loan debt ...

and more »


Tennessee Appeals Court Reverses Debt Buyer's Win for Insufficient Evidence
JD Supra (press release)
by Ballard Spahr LLP on 5/14/2012 A recent decision by the Tennessee Court of Appeals illustrates the documentation-related challenges faced by creditors and debt buyers in credit card collection actions. In its April 30, 2012, opinion in LVNV Funding, ...

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People in business
The Tennessean
... Pinnacle Financial Partners as senior vice president and mortgage adviser for its Hendersonville office. Utopia Renovation, a commercial construction company, has elected Galileo Moreno as president and project coordinator for Middle Tennessee.



Where has the equity gone, Dover?
The News Journal (blog)
?The relatively recent correction in local home prices wiped out most of the equity gained over the last 7 years,? the report noted. Measured over the last 9 years, however, Dover fares better, with home values rising $41200, compared to a $9200 loss ...



PPF Group, Czech Private-Equity Co, Alters Shareholder Structure
Capital.gr (press release)
Smejc will exchange his stake in PPF Group for shares in Czech-based consumer-loan firm Home Credit, Russian lender Nomos Bank and Greece's Piraeus Bank. PPF Group has about EUR12.74 billion in assets under management. It is active in Central and ...

and more »


Globe and Mail

Private equity firm offers $321.5-million for Winnebago
Globe and Mail
Winnebago Industries Inc. WGO-N said it received an unsolicited buyout offer from North Street Capital LP, the investment firm of racing car enthusiast Alex Mascioli, valuing the number one US motor homes maker at $321.5-million.

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PPF Group, Czech Private-Equity Co, Alters Shareholder Structure
Fox Business
Smejc will exchange his stake in PPF Group for shares in Czech-based consumer-loan firm Home Credit, Russian lender Nomos Bank and Greece's Piraeus Bank. PPF Group has about EUR12.74 billion in assets under management. It is active in Central and ...

and more »


PPF Group, Czech Private-Equity Co, Alters Shareholder Structure
4-traders
Smejc will exchange his stake in PPF Group for shares in Czech-based consumer-loan firm Home Credit, Russian lender Nomos Bank and Greece's Piraeus Bank. PPF Group has about EUR12.74 billion in assets under management. It is active in Central and ...

and more »


Great Falls families celebrate completion of home-construction project
KRTV Great Falls News
The families worked together for the past year, with each family contributing many hours of "sweat equity" under the supervision of NWGF employees. Each family works on many of the houses over the course of the construction, and no family moves in ...

and more »


Globe and Mail

Private equity firm offers $321.5-million buyout for Winnebago
Globe and Mail
Winnebago Industries Inc. WGO-N said it received an unsolicited buyout offer from North Street Capital LP, the investment firm of racing car enthusiast Alex Mascioli, valuing the number one US motor homes maker at $321.5-million.

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Beaumont Enterprise
Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will discuss the upcoming changes to FHA on June 1st which will impact the ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Houston Chronicle
Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will discuss the upcoming changes to FHA on June 1st which will impact the ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
San Antonio Express
Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will discuss the upcoming changes to FHA on June 1st which will impact the ...

and more »

News :

Monarch Bank is Now Open in Suffolk
Citybizlist (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, Texas home equity loans, refinance loans, reverse mortgages, Dallas home loans http://www.texaslending.com/dallas.htm, Houston home loans ...

and more »


A Note on The Implications Of Flat Fee Pricing; Lender Updates...
Mortgage News Daily
Certainly this drop in mortgage rates is causing a nice rally in mortgage-backed security prices (or vice versa). The March TIC (Treasury International Capital) data showed that overseas investor holdings of agency MBS declined by $9 billion in March ...

and more »


Monarch Bank is Now Open in Suffolk
NASDAQ
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Monarch Bank is Now Open in Suffolk
GlobeNewsWire (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Monarch Bank is Now Open in Suffolk
MarketWatch (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Find first-time homebuyer help
Rochester Democrat and Chronicle
MARIE DE JESUS / STAFF PHOTOGRAPHER With its low down payment requirements, FHA is an attractive mortgage program for first-time homebuyers who qualify. The down payment requirement is only 3.5 percent, with only the VA loans for military veterans ...

and more »


Genworth meets with shareholders [Richmond Times-Dispatch, Va.]
Insurance News Net (press release)
By Louis Llovio, Richmond Times-Dispatch, Va. May 18 -- Genworth Financial Inc.'s officials met with shareholders at its annual meeting Thursday, 16 days after Michael D. Fraizer , the company's founding CEO, resigned, and eight days after it laid off ...

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Va panel hears mortgage exec's appeal
Lake Wylie Pilot
By ZINIE CHEN SAMPSON - AP A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send his case back for a retrial.

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Harper: Isakson right on mortgage reform
Savannah Morning News
But at the same time, the mortgage market remains a complete function of the federal government. Roughly nine of every 10 mortgages made in this country today are backed in some form by the feds. Fannie Mae, Freddie Mac, FHA and the VA have been ...

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KMOX.com

Local Woman Sentenced Involving Mortgage Foreclosure Scam
KMOX.com
Brown researched and identified groups of vulnerable homeowners in Hawaii that were one or more mortgage payments behind, or were in imminent risk of home foreclosure, and sent out a large number of unsolicited mailings to prospective clients claiming ...

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Wentzville Woman Sentenced in $250000 Credit Scam
Patch.com
Brown researched and identified groups of homeowners in the state of Hawaii that were one or more mortgage payments behind, or were in imminent risk of home foreclosure. She then sent out a large number of unsolicited mailings to prospective clients ...

and more »


Federal Lawmakers Should Curb Excesses at Government-Backed Banks and Protect ...
Hawaii Reporter
The primary mission of the CFPB is to protect consumers when dealing with financial institutions, whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Business Review USA (press release)
Consumer credit card and mortgage spending slowed from a year ago, with the average credit card debt per consumer falling 13% to $5650 and the average mortgage debt decreasing 3% to $166631. Consumers in eight states decreased their mortgage by more ...

and more »


Hawaii's average credit card debt declined 4% in April
Bizjournals.com
Hawaii homeowners had the highest mortgage debt in the nation in April, with an average of $310199, CreditKarma.com said. California had the second highest mortgage debt at $303745, while West Virginia residents had the lowest average mortgage debt at ...

and more »


Credit Karma: Card and mortgage debt down, but so are scores
Bizjournals.com
In California in April, the average consumer had $5674 in credit card debt, $303745 in mortgage debt (higher than any state except Hawaii, with $310199), $15439 in auto debt, $29069 in student loans and a typical credit score of 676.

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
SYS-CON Media (press release)
Mississippi ($4232), Louisiana ($4504) and Alabama ($4811) have the least amount of credit card debt while Connecticut ($6876), Hawaii ($7090) and Alaska ($7096) have the most. Montana paid down its credit card debt the most at 11% to $5572.

and more »


Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Marketwire (press release)
Consumer credit card and mortgage spending slowed from a year ago, with the average credit card debt per consumer falling 13% to $5650 and the average mortgage debt decreasing 3% to $166631. Consumers in eight states decreased their mortgage by more ...

and more »


Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
MarketWatch (press release)
Consumer credit card and mortgage spending slowed from a year ago, with the average credit card debt per consumer falling 13% to $5650 and the average mortgage debt decreasing 3% to $166631. Consumers in eight states decreased their mortgage by more ...

and more »


Cerberus Said to Seek $1.8 Billion Loan for Hawaii Resorts
San Francisco Chronicle
May 15 (Bloomberg) -- Cerberus Capital Management LP is seeking as much as $1.8 billion in new debt on six resorts, including five in Hawaii, taking advantage of Wall Street's growing appetite for commercial mortgages. Cerberus is approaching banks for ...

and more »