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News :

Greek politics, Spain banks test eurozone survival
Albany Times Union
A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up ...

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Japan 10-year bond yield's rate decreases to lowest since 2003
China Post
TOKYO -- The interest rate that Japan pays on its government-issued bonds fell to its lowest level since 2003 on Friday, as public borrowing costs surged in Europe on worries over its fiscal woes. The yield on the 10-year Japan Government Bond (JGB) ...

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Treasury Secretary Geithner Speaks to Greater Baltimore Committee
LoanSafe
Wilson was pleased that Geithner urged Congress to stop the pending increase to federal student loan interest rates. Many of his university's students rely on financial aid to pay for classes, he said, and doubling rates may close Morgan State's doors ...

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Greek politics, Spain banks test eurozone survival
La Crosse Tribune
A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up ...

and more »


Sajjid Chinoy: The wrong battle on investment
Business Standard
Here's where a healthy dose of conjecture is injected into the conversation: that elevated interest rates are at the root of the investment slowdown, and that substantial monetary easing will jump-start the investment cycle. This notion has been at the ...

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Retail inflation hits double digits in April
Times of India
NEW DELHI: Spiralling prices of vegetables, oils and fats, milk and milk products pushed consumer price inflation to double digits in April in yet another hurdle to the Reserve Bank of India's efforts to ease interest rates.

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Sajjid Chinoy The wrong battle on investment
Business Standard
Here's where a healthy dose of conjecture is injected into the conversation: that elevated interest rates are at the root of the investment slowdown, and that substantial monetary easing will jump-start the investment cycle. This notion has been at the ...



Eastern Morning Herald

Today's Mortgage Rates: Bank of America, Citibank and KeyBank Refinance Rates ...
Eastern Morning Herald
Many of the most popular ARM deals at Bank of America are following similar lines, as these flexible package are indeed carrying some low interest rates. For those refinancers, who prefer lower initial payments, the 7/1 ARM could be an ideal ...

and more »


Greek politics, Spain banks test eurozone survival
Albany Democrat Herald
A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up ...

and more »


Greek political turmoil, chaos for Spain's banks shake eurozone's foundation ...
Greenfield Daily Reporter
A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up ...

and more »


Flavorwire

10 Jaw-Dropping Homes in Bizarre Places
Flavorwire
Posted on 2:30 pm Friday May 18, 2012 We think Andy Warhol's infamous Silver Factory may have paved the way for the rise of today's most hallowed real estate: the modern industrial live/work loft space. A decadent conversion on the tenth floor of a ...



Democrats' group paying for anti-McCrory ad in NC
News & Observer
AP RALEIGH, NC -- The Democratic Governors Association is bankrolling a television ad in North Carolina markets critical of Republican gubernatorial nominee Pat McCrory and his involvement in a Charlotte-based lending and real estate business.

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Democrats' group paying for anti-McCrory ad in NC
MyrtleBeachOnline.com
AP RALEIGH, NC -- The Democratic Governors Association is bankrolling a television ad in North Carolina markets critical of Republican gubernatorial nominee Pat McCrory and his involvement in a Charlotte-based lending and real estate business.

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Griffin Land & Nurseries names CEO as chairman
BusinessWeek
Griffin Land & Nurseries runs real estate business Griffin Land and Imperial Nurseries, a landscaping business. It also has investments in Centaur Media PLC and privately held Shemin Nurseries Holding Corp. Shares of Griffin Land & Nurseries, ...

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Tourism in Myrtle Beach leads economic recovery
BusinessWeek
Real estate and construction spending were only about 70 percent of the earlier total. Myrtle Beach is the heart of the state's $15 billion tourism industry. Direct visitor spending last year in the Myrtle Beach area was more than $4 billion of that ...



LaSalle Hotel Closes On $177.5M Term Loan
Law360 (subscription)
By Natalie Rodriguez Law360, New York (May 18, 2012, 2:35 PM ET) -- Real estate investment trust LaSalle Hotel Properties, which boosted its dividends more than 80 percent after last month's quarterly reports and has been buying back company stock, ...

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Nest Realty Recognized with 2012 Central Virginia AMA EMMA Awards For ...
DigitalJournal.com (press release)
Nest Realty, a full-service, boutique real estate brokerage firm specializing in residential and luxury properties throughout Charlottesville and Central Virginia, today announced it took top honors at the 2012 American Marketing Association EMMA ...



MainStreet

What You Should Know About Pocket Listings
MainStreet
If you haven't heard this real estate before, you probably will. Here is what today's homebuyers and sellers need to know about pocket listings. Also known as a ?quiet? or ?off-market? listing, a pocket listing is a property that an agent keeps tucked ...

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Democrats' group paying for anti-McCrory ad in NC
WBTV
RALEIGH, NC (AP) - The Democratic Governors Association is bankrolling a television ad in North Carolina markets critical of Republican gubernatorial nominee Pat McCrory and his involvement in a Charlotte-based lending and real estate business.

and more »


Developer Details Condo Plans for First Baptist Church of Ardmore
Patch.com
Wally Smerconish, a real estate developer and the contract buyer of the property, would place four single-family condo units in the church's main building and one in the parsonage. First Baptist Church of Ardmore was first placed up for sale in July ...


News :

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 ...

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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 »


Florida's Realtors advocate for homeownership in nation's capital
Destin Log
Realtors from Florida and across the US ? more than 10000 strong ?gathered at the Washington Monument in the nation's capital today to highlight the importance of housing and homeownership to the nation's economic recovery. The ?Rally to Protect the ...

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TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
TexasLending.com (NMLS # 137773) provides expert service in the field of residential mortgages. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado.

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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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New sales associate at Champion Realty
The Star Democrat
Owens has 30 years experience in the real estate industry in Maryland, Florida and North Carolina. She has worked with several national homebuilders and major mortgage bankers. Owens attended Chesapeake College and the University of North Florida, ...



Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
National mortgage-foreclosure activity in April decreased 5 percent from March and was down 14 percent from April 2011, according to a report by RealtyTrac released Thursday. One in every 698 US housing units had a foreclosure filing during the month.

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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
But state-level data point to potentially more home repossessions ahead in Florida and many of the 25 other states where courts are required to sign off on foreclosures. All told, the number of US homes taken back by lenders in April declined 7 percent ...

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John J. Stahl III Joins The Coastal Bank as Mortgage Director and Senior Vice ...
PR Urgent (press release)
Before joining The Coastal Bank, he served as the director of mortgage lending at HomeTrust Bank in Asheville, NC and as vice president and area mortgage sales manager for Fifth Third Bank in southeast Florida. He has also worked in the mortgage ...



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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Fewer homeowners foreclosed upon in April
Albany Times Union
But state-level data point to potentially more home repossessions ahead in Florida and many of the 25 other states where courts are required to sign off on foreclosures. (AP Photo/Wilfredo Lee) LOS ANGELES ? National foreclosure trends took a positive ...

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