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News :

FORECLOSURE SALE NOTICE
Green River Star
WHEREAS, default in the payment of principal and interest has occurred under the terms of a promissory note (the ?Note?) dated February 8, 2007, executed and delivered by Jill Welton and Erin Lamb (?Mortgagor(s)?) to Mortgage Electronic Registration ...



Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Business Review USA (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

and more »


Mortgage debt falls in Alabama
Bizjournals.com
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 percent); and Louisiana and Wyoming (down 5 percent).

and more »


Credit scores fall from last month
Central Valley Business Times
Consumer credit card and mortgage spending in April slowed from a year ago, with the average credit card debt per consumer falling 13 percent to $5650 and the average mortgage debt decreasing 3 percent to $166631, according to figures from CreditKarma ...

and more »


Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
SYS-CON Media (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

and more »


Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Marketwire (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

and more »


Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
MarketWatch (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. -- Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

and more »


Wyo ranks low for mortgage delinquencies
Casper Star-Tribune Online
Wyoming was in the lowest tier of states for mortgage delinquency rates in the first quarter, according to credit bureau giant TransUnion. Wyoming registered the fourth lowest rate at 2.43 percent, behind North Dakota (1.51 percent), South Dakota (2.11 ...

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FORECLOSURE SALE NOTICE
Green River Star
... and which Mortgage was recorded on November 1, 2001, at Reception No. 1347059 in Book 944 at Page 1073 in the records of the office of the County Clerk and ex-officio Register of Deeds in and for Sweetwater County, State of Wyoming; and Assignment ...



TransUnion: National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009
MarketWatch (press release)
CHICAGO, IL, May 09, 2012 (MARKETWIRE via COMTEX) -- The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that ...

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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 »


Mortgage debt falls in Alabama
Bizjournals.com
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 percent); and Louisiana and Wyoming (down 5 percent).

and more »


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 »


Jindal Using Credit Card to Pay off Louisiana's Mortgage? - Bayoubuzz
Bayoubuzz
The big brouhaha over Louisiana's $25 billion budget involves one-time money, basically new cash that cannot be counted on to return in future fiscal years. The budget takes effect July 1 and lawmakers are debating whether to use $268 million in these ...

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Home Federal Bancorp, Inc. of Louisiana Reports Results of Operations for the ...
MarketWatch (press release)
The Company sells most of its fixed rate mortgage loan originations. The increases in non-interest expense for the quarter and nine months ended March 31, 2012 compared to 2011 were primarily due to increases in compensation and benefits expense of ...

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Former Louisiana Bank Executive Pleads Guilty To Fraud Conspiracy
Mortgageorb
The purpose of the loans was to purchase parcels of real estate, develop them into subdivisions, and build houses on them, which were to be eventually bought by prospective home buyers who would obtain permanent mortgages to finance the purchase.

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Former President of First Community Bank of Louisiana Pleads Guilty to Bank Fraud
Mortgage Daily
The purpose of the loans was to purchase parcels of real estate, develop them into subdivisions, and build houses on them, which were to be eventually bought by prospective home buyers who would obtain permanent mortgages to finance the purchase.

and more »


Senators Introduce Legislation to Bolster Small Business Access to Capital
PoliticalNews.me (press release)
WASHINGTON, DC ? US Senators Olympia J. Snowe (R-Maine), Mary L. Landrieu (D-Louisiana), and Jeanne Shaheen (D-New Hampshire) have introduced legislation, S.2364, that would extend for one year a provision allowing small business owners to use Small ...


News :

OSFI Official Defends its Mortgage Guidelines
Canadian Mortgage Trends
HELOC growth has ?contributed significantly to growing overall household debt?If (or when) housing prices drop, households would be vulnerable.? (Two fair questions would be: how many households and how vulnerable? We have anecdotal evidence, ...



My Refi's a HELOC. Anything Wrong With That?
Fox Business
Home equity lines of credit, or HELOCs, and home equity loans are secured by the property. To the extent allowed by the tax code, based on the size and use of the loan proceeds, the interest expense is tax deductible. Home equity lines and loans used ...



Banks Not Immune to Housing-Related Failures: Corporate Canada
Bloomberg
HELOC Rules OSFI's guidelines suggest lenders limit home-equity lines of credit to 65 percent of the property's value. The regulator also recommends that HELOCs be paid off over a specific amortization period, like conventional mortgages.

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Dollars & Sense: What is HELOC?
KHON2
"A home equity line of credit - or HELOC - is basically a line of credit that's secured with a person's equity in their home," explains Lance Oribio of Central Pacific Bank. There are several different versions of a HELOC.



A lien can hit your home-equity line
MarketWatch
In other words, the first lien holder may not know of the HELOC, and the HELOC lender won't know of a third or even a fourth lien. What's more, they usually don't care because if the first mortgage goes into foreclosure, lien holders are paid in the ...



Investors' remorse
Winnipeg Free Press
Five years ago, at the peak of the stock market, their financial adviser persuaded them to use a home equity line of credit (HELOC) to borrow $140000 to invest in mostly equity mutual funds. "I should have retired last June, but because of this problem ...



Borrow From My Home Equity -- Just in Case?
Fox Business
A home equity loan is different from a home equity line of credit, or HELOC. I think you're actually asking about a HELOC. A line of credit can be a better financial backstop because with a line of credit, you don't have to borrow the full amount ...



Spring Mortgage Market Update (2012)
Move Smartly
The consensus view is that this change unfairly punishes the many borrowers who use their HELOCs responsibly in order to protect our financial system from the minority of HELOC borrowers who do not. We simply cannot ignore the fact that HELOCs were the ...

and more »


Members of Bank Fraud Ring Sentenced in $3.7 Million Scam
Mortgage Daily
ATLANTA?After three days of hearings, United States District Judge William S. Duffey, Jr. today concluded the sentencings of six co-conspirators involved in a $3.7 million dollar bank fraud ring involving home equity lines of credit (HELOCs).

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Canadian Regulators Taking Closer Look At HELOCs
Wall Street Journal
Home equity lines of credit, or HELOCs, have soared in recent years, even after similar lending helped fuel the ill-fated US housing market bubble. Canada's largest banks--which have generally won praise for conservative lending that protected them ...



Former Dublin Man Sentenced in Mortgage Fraud Case
LoanSafe
He operated the scheme through Platinum Mortgage, DBA Platinum Mortgage, Edison Mortgage, Prime Real Estate and other companies. Between 2003 and 2006, he used fraudulent appraisals, false information on loan applications and forged documents to ...

and more »


FIRST AMERICAN FINANCIAL CORP : First American Financial to Present at Keefe ...
4-traders
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance and settlement services for real estate transactions, today announced that it will present a company update at the Keefe, Bruyette & Woods (KBW) Mortgage ...

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Ashcroft looking to mortgage some convent land
Ottawa Citizen (blog)
The Owner wants to mortgage a portion of its property fronting on Richmond Road in order to construct three high-rise mixed use apartment buildings with ground floor commercial. The application indicates that this proposal is phase one of a two phase ...



Eastern Morning Herald

Today's Mortgage Rates: Bank of America, Citibank and KeyBank Refinance Rates ...
Eastern Morning Herald
US mortgage rates had a great run throughout the week, as fixed rate loans once again reached new record-lows on Thursday, mortgage buyer, Freddie Mac reported on Thursday. This puts many potential homebuyers and refinancers in a great position, ...

and more »


CFPB wants comments on plans for testing mortgage servicing disclosures and ...
Lexology (registration)
Two recent notices published by the CFPB in the Federal Register shed some light on the CFPB's plans for testing the mortgage servicing disclosures it's developing and for collecting information about the potential compliance costs of its proposals.



Hyphen Magazine (blog)

'Silent Crime' -- Defrauding Elders Grows in Ethnic Communities
Hyphen Magazine (blog)
By Paul Kleyman The sentencing of Edwin Parada in San Francisco this past April for 24 counts of mortgage fraud against Spanish-speaking homeowners spotlighted the growing incidence of ?affinity? crimes ? those perpetrated by crooks against their own ...

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CFPB considers rules to simplify mortgage points, fees and loan originator ...
Lexology (registration)
The Consumer Financial Protection Bureau, or CFPM, outlined rules it is considering that would simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market. These rules, which the CFPB expects to propose this ...

and more »


First American Financial to Present at Keefe, Bruyette & Woods Mortgage ...
Stockhouse
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services to the real estate and mortgage industries, that traces its heritage back to 1889. First American and its affiliated companies also ...

and more »


Commercial-Mortgage Securities Spreads Soar to Widest of 2012
BusinessWeek
By Sarah Mulholland on May 18, 2012 Wall Street dealers are selling commercial-mortgage bonds with the widest spread this year as the European debt crisis and JPMorgan Chase & Co.'s trading loss rattles markets. Goldman Sachs Group Inc. (GS) (GS), ...

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Zacks.com ETF Strategist Eric Dutram highlights: Invest Like the 1% with These ...
Business Review USA (press release)
CHICAGO, May 18, 2012 /PRNewswire/ -- Stocks and funds in this article include: iShares S&P National Municipal Bond Fund (AMEX:MUB), Vanguard Dividend Appreciation ETF (AMEX:SDY), iShares FTSE NAREIT Mortgage REIT ETF (AMEX:REM).

and more »