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News :

U.S. News & World Report (blog)

Home Prices Improve (Slightly) in Battleground States
U.S. News & World Report (blog)
Some of those states also happened to be the hardest hit by the housing and foreclosure crises, which left deep economic and social wounds that are still healing today. Back then, battleground states such as Nevada, Florida, Michigan, ...



Mortgage foreclosures are lowest since 2008
Daily Breeze
By Ruth Mantell MarketWatch WASHINGTON - The proportion of mortgages in the foreclosure process or at least one payment past due has fallen to the lowest combined rate since 2008, the Mortgage Bankers Association said Wednesday in its delinquency ...

and more »


Washington Attorney General Announces Free Help for Homeowners Facing Foreclosure
LoanSafe
Young today joined Washington State Attorney General Rob McKenna at SNAP (Spokane Neighborhood Action Partners), a non-profit that provides services to low-income residents, including homeowner counseling services that help borrowers avoid foreclosures ...

and more »


Massachusetts House of Representatives Advances Foreclosure Legislation
JD Supra (press release)
by Mintz Levin on 5/18/2012 The Massachusetts House of Representatives yesterday unanimously passed House Bill 4087, ?An Act to Prevent Unlawful and Unnecessary Foreclosures.? The bill is designed to get ?borrowers and lenders to the table,? according ...

and more »


The Annex fetches $2.5M at auction
Atascadero News
ATASCADERO ? The Annex project site has sold at auction for $2.5 million to Montecito Bank and Trust, the same bank that foreclosed on the property. The auction was held May 8. According to the website of Woodland Hills-based Asset Foreclosure Services ...



Sun-Sentinel (blog)

Terrell Owens facing foreclosure on South Florida condo
Sun-Sentinel (blog)
By Paul Owers May 18, 2012 02:19 PM Deutsche Bank is going after the temperamental wide receiver, saying he isn't paying the $1.4 million mortgage on his Trump International Beach Resort condo in Sunny Isles Beach, reports Gossipextra.com.

and more »


Golden Sands Canyon Ranch project faces foreclosure
South Florida Business Journal
Foreclosure Roundup is hitting the beach this week, first with two hotels and a stalled condo project in Miami Beach, and then to a retail strip in coastal Pompano Beach. An affiliate of Lehman Brothers wants to seize the site where WSG Development Co.



Super-PAC Feeds Romney Words
Bloomberg
?Don't try to stop the foreclosure process. Let it run its course and hit the bottom.? The day was barely half finished before the super-PAC launched the response to Romney's morning ad, airing in a few critical swing states with promises about his ...

and more »


Tiny Dynamite, By "Iron Lady" Screenwriter Abi Morgan, Will Play Off-Broadway
Playbill.com
The three-person cast includes Blake DeLong (Taboos at SoHo Playhouse); Olivia Horton (Foreclosure at Playwrights Horizons) and Christian Conn (Broadway's Desire Under the Elms). Tiny Dynamite has set and lighting design by Maruti Evans, costume design ...



WSJM

Berrien County Tax Foreclosures Falling
WSJM
Tax foreclosures in Berrien County are on the decline, and dramatically so. County Treasurer Bret Witkowski tells WSJM says they continue to work with people who are behind on property taxes to get them into payment plans that work for their budget and ...



Former Dublin Man Sentenced in Mortgage Fraud Case
LoanSafe
(Source: Kathy Lynn Gray The Columbus Dispatch, Ohi (MCT) ? A former Dublin man who flipped high-end properties in central Ohio and lived the high life with $3.4 million in kickbacks was sentenced today to 4 1/2 years in prison.

and more »


Certification battle in Ohio MERS class action heats up
Lexology (registration)
The plaintiff argues that the case, which the plaintiff is attempting to bring on behalf of all 88 Ohio counties for relief relating to the allegedly unlawful failure of MERS and its member institutions to record millions of mortgages and mortgage ...



Ashland County Receieves Grant To Demolish Vacant Properties
North Central Ohio
Ashland County will receive $270126 from the Moving Ohio Forward Demolition Grant Program for the demolition of more than 25 vacant properties. The program is through the Ohio Attorney General's Office. Commissioner Kim Edwards said the commissioners ...

and more »


Geauga County land transfers
News-Herald.com
Donna M. Zaverl sold a home at 15190 Old Rider Road to Federal National Mortgage Association for $45000. Dawn Marie Baynes sold a property at Aquilla Road to Federal Home Loan Mortgage Corporation for $46700. JD Properties Inc. An Ohio Corporation sold ...

and more »


Former Dublin man sentenced in mortgage fraud case
Columbus Dispatch
By Kathy Lynn Gray A former Dublin man who flipped high-end properties in central Ohio and lived the high life with $3.4 million in kickbacks was sentenced today to 4 1/2 years in prison. Judge Dick Sheward of Franklin County Common Pleas Court ordered ...

and more »


Columbus' Red Mortgage Capital provides more than $43 million worth of FHA ...
REjournals.com
Columbus, Ohio-based Red Mortgage Capital, LLC, recently processed and funded more than $43 million of non-recourse FHA financing for properties in three states. GNMA/FHA Section 223(f) financing recently was secured in the amount of $24.4 million for ...

and more »


Mortgage Lender Residential Finance Corp. Explains Benefits of HARP 2.0
EON: Enhanced Online News (press release)
COLUMBUS, Ohio--(EON: Enhanced Online News)--When June Snow first looked into refinancing her interest-only mortgage, she was told it would be impossible because the value for her three-bedroom, two-bath ranch style home was not in the necessary range.

and more »


Missouri Among States Spending Mortgage Settlement On Other Priorities
KCUR
By Sylvia Maria Gross Missouri is one of more than a dozen states using funds from a $25 billion dollar mortgage settlement to plug unrelated budget gaps, according to the New York Times and a report from Enterprise Community Partners, an affordable ...

and more »


Sen. Reed Introduces Bill to Enhance Mortgage Protections Accorded to Service ...
Targeted News Service (subscription)
I., Sherrod Brown, D-Ohio, and Mark Begich, D-Alaska. The legislation was referred to the Senate Veterans' Affairs Committee. The full text of the bill is available from the Library of Congress Thomas legislative web site.

and more »


US housing starts rose to 717000 in April
Asbury Park Press
Tom Steindl works inside a new home under construction in Columbia Station, Ohio Wednesday. US builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered ...

and more »

News :

Cash flow liberated by refinancing
Marketplace.org
by Chris Farrell Question: My wife and I recently refinanced our home. We paid off the home equity line and the existing mortgage, and now our monthly payments are $500 less than they were previously. What should we do with these savings?



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.

and more »


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 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 »


U.S. News & World Report (blog)

Home Prices Improve (Slightly) in Battleground States
U.S. News & World Report (blog)
Some of those states also happened to be the hardest hit by the housing and foreclosure crises, which left deep economic and social wounds that are still healing today. Back then, battleground states such as Nevada, Florida, Michigan, ...



Mortgage foreclosures are lowest since 2008
Daily Breeze
By Ruth Mantell MarketWatch WASHINGTON - The proportion of mortgages in the foreclosure process or at least one payment past due has fallen to the lowest combined rate since 2008, the Mortgage Bankers Association said Wednesday in its delinquency ...

and more »


Washington Attorney General Announces Free Help for Homeowners Facing Foreclosure
LoanSafe
Young today joined Washington State Attorney General Rob McKenna at SNAP (Spokane Neighborhood Action Partners), a non-profit that provides services to low-income residents, including homeowner counseling services that help borrowers avoid foreclosures ...

and more »


Massachusetts House of Representatives Advances Foreclosure Legislation
JD Supra (press release)
by Mintz Levin on 5/18/2012 The Massachusetts House of Representatives yesterday unanimously passed House Bill 4087, ?An Act to Prevent Unlawful and Unnecessary Foreclosures.? The bill is designed to get ?borrowers and lenders to the table,? according ...

and more »


The Annex fetches $2.5M at auction
Atascadero News
ATASCADERO ? The Annex project site has sold at auction for $2.5 million to Montecito Bank and Trust, the same bank that foreclosed on the property. The auction was held May 8. According to the website of Woodland Hills-based Asset Foreclosure Services ...



Sun-Sentinel (blog)

Terrell Owens facing foreclosure on South Florida condo
Sun-Sentinel (blog)
By Paul Owers May 18, 2012 02:19 PM Deutsche Bank is going after the temperamental wide receiver, saying he isn't paying the $1.4 million mortgage on his Trump International Beach Resort condo in Sunny Isles Beach, reports Gossipextra.com.

and more »


Golden Sands Canyon Ranch project faces foreclosure
South Florida Business Journal
Foreclosure Roundup is hitting the beach this week, first with two hotels and a stalled condo project in Miami Beach, and then to a retail strip in coastal Pompano Beach. An affiliate of Lehman Brothers wants to seize the site where WSG Development Co.



Super-PAC Feeds Romney Words
Bloomberg
?Don't try to stop the foreclosure process. Let it run its course and hit the bottom.? The day was barely half finished before the super-PAC launched the response to Romney's morning ad, airing in a few critical swing states with promises about his ...

and more »


Tiny Dynamite, By "Iron Lady" Screenwriter Abi Morgan, Will Play Off-Broadway
Playbill.com
The three-person cast includes Blake DeLong (Taboos at SoHo Playhouse); Olivia Horton (Foreclosure at Playwrights Horizons) and Christian Conn (Broadway's Desire Under the Elms). Tiny Dynamite has set and lighting design by Maruti Evans, costume design ...



WSJM

Berrien County Tax Foreclosures Falling
WSJM
Tax foreclosures in Berrien County are on the decline, and dramatically so. County Treasurer Bret Witkowski tells WSJM says they continue to work with people who are behind on property taxes to get them into payment plans that work for their budget and ...