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News :

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 ...

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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).

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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.

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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 ...

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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 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.

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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 ...



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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Phill Grove Announces The Big Live Event in San Antonio, Texas
PR Web (press release)
Some of the speakers include: Phill and Shenoah Grove- creators of the Assignment of Mortgage Payments System, which shows people how to sell 'unsellable' houses to 'unloanable' buyers at market price. Phill and Shenoah will teach the 12 Unique ...

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Phill Grove Announces The Big Live Event in San Antonio, Texas
DigitalJournal.com (press release)
Phill Grove, owner of Love American Homes and Hippie Hollow Homes in Austin, Texas, has successfully participated in more than 1200 real estate transactions since December of 2003 and has been called the nation's top post bubble real estate investor.

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Will Investors Put A Down Payment On Nationstar Mortgage's Future Growth?
Investor's Business Daily
By MATTHEW GALGANI, Investor's Business Daily Posted 01:40 PM ET Today we'll look at Nationstar Mortgage Holdings (NSM). Based in Lewisville, Texas, it's a national provider of mortgage services. The company went public in March, and is up around 29% ...



Grant Funds Help Habitat for Humanity Victoria Place Three Families Into New Homes
GlobeNewsWire (press release)
VICTORIA, Texas, May 18, 2012 (GLOBE NEWSWIRE) -- NewFirst National Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $19267 Affordable Housing Program (AHP) grant to Habitat for Humanity Victoria (HFHV) to provide three very ...

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Grant Funds Help Habitat for Humanity Victoria Place Three Families Into New Homes
MarketWatch (press release)
VICTORIA, Texas, May 18, 2012 (GlobeNewswire via COMTEX) -- NewFirst National Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $19267 Affordable Housing Program (AHP) grant to Habitat for Humanity Victoria (HFHV) to provide three ...

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New flood maps now available [Corsicana Daily Sun, Texas]
Insurance News Net (press release)
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson .

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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 ...

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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 »


TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
Dallas, TX -- (SBWIRE) -- 05/18/2012 -- Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans http://www.texaslending.com/refinance.asp and Texas home equity loans ...

and more »

News :

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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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
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
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 ...

and more »


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 ...

and more »


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 ...

and more »


Oregon Country Club reopens
Ogle County News
By Vinde Wells - Editor Tom Gerke puts an open sign on one of the clubhouse doors at the Oregon Country Club May 8. The course reopened Tuesday. For tee times and rates, visit www,golfogc.com. Photo by Chris Johnson Sunshine and mild temperatures ...



Holton swings by Albany in AG campaign
Albany Democrat Herald
(Mark Ylen/Democrat-Herald) Dwight Holton, one of two Democrats running for Oregon attorney general, says his first priority in office would be public safety, followed by consumer protection and shielding people from mortgage fraud.

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Oregon wood products sector makes slow turn upward
Mail Tribune
Swan said he needed a job that paid at least $15 an hour to make his mortgage payments, and he found one. The plant pays an average of $19 an hour, said Henderson, the superintendent. Swan's wage will increase to about $17 an hour when he passes a ...

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Business events scheduled for the coming week
CBS News
THURSDAY, May 24 WASHINGTON ? Labor Department releases weekly jobless claims, 8:30 am; Commerce Department releases durable goods for April, 8:30 am; Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 am Tiffany & Co. reports ...



Big Week On Tap for Housing
Wall Street Journal (blog)
Taken together, the data will give a strong read on the end of the spring selling season, which by many accounts, has come in stronger than expected, buoyed by increased consumer confidence and record-low mortgage rates. Credit Suisse expects sales of ...



MarketWatch

Reverse mortgages provide needed cash
MarketWatch
By Robert Powell, MarketWatch BOSTON (MarketWatch) ? If you watch TV, you've probably seen some of the well-known actors who've promoted reverse mortgages, a financial product aimed mainly at older homeowners. There's Henry Winkler, Fred Thompson, ...



Governments of Canada and Quebec Invest in Affordable Housing in Lyster
Marketwire (press release)
It should also be noted that the SHQ has secured the mortgage loan taken out by the organization to complete the financing of the project. "Through Economic Action Plan 2012, our government is taking action to help ensure our economic recovery and ...



Condo sales may become easier if FHA revises rules governing mortgages
Washington Post
Thousands of condo unit owners and buyers around the country might soon get some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing Administration is readying changes to controversial rules that have rendered ...

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Cash flow liberated by refinancing
Marketplace.org
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? We have two young children, ages 4 and 6, and our only debt, besides the new ...



Legislation would help underwater homeowners
Washington Post
For the past two years, mortgage interest rates have been falling to the lowest levels in 50 years. Indeed, 30-year fixed-rate mortgages recently hit successive new lows. Yet refinance applications are historically low. In fact, it's pretty tough to ...

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Another new low for mortgage rates
Nashville Business Journal
Freddie Mac's weekly rate report says 30-year fixed-rate mortgages averaged 3.79 percent in the week ending May 17, down from 3.83 percent the previous week. A year ago, 30-year mortgages were averaging 4.61 percent. Mortgage rates fell again this week ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Virtual-Strategy Magazine
The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and improperly arrange for commissions for themselves or their affiliates on force-placed policies. On May 17, 2012, ...

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Briefly Business: Dont present misleading ads: Trai to telcos
Indian Express
New DelhI: Mortgage lender HDFC has said the board has given approval for raising foreign institutional investors (FIIs) shareholding limit to 100 per cent. New DelhI: Gold loan finance firm Manappuram Finance has posted 84 per cent rise in net profit ...