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News :

Mortgage Rates: Low Mortgage Rates Decrease Again to New Record Lows
FreeRateUpdate.com
Today's Wells Fargo California 30 year fixed mortgage rates are at 3.625% (3.799% APR). MBS prices (mortgage backed securities) are down -3/32 (FNMA 30 yr 3.5 at 104.20). MBS prices affect mortgage rates which move in the opposite direction.

and more »


Foreclosures Hit A Record Low
Daily Markets (blog)
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


A Window of Opportunity by California Mortgage Expert
SBWire (press release)
Petaluma, California based Mortgage Broker Jehoshua Shapiro, NMLS#275208 says that low rates have created a great opportunity for refinance or purchase, however creeping inflation could create interest rate hikes. Petaluma, CA -- (SBWIRE) -- 05/18/2012 ...



Foreclosures Hit a Record Low - Analyst Blog
NASDAQ
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


Foreclosures Fall...And That's a Bad Thing?
TheStreet.com
Foreclosure starts, the first stage in the foreclosure process, fell in April in the hardest hit states of California, Arizona and Nevada, according to Foreclosure Radar. California saw the steepest slide, with Notice of Default filings down nearly 16% ...

and more »


Foreclosures Hit a Record Low
Zacks.com
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


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 ...

and more »


Federal OK gives program more value for families facing foreclosure
The Salinas Californian
Qualified California homeowners have a shot at enhanced state programs that can reduce their mortgage principal by as much as $100000 and pay up to $25000 in late mortgage payments. Thanks to a recent approval from the US Department of the Treasury, ...



Attorney General Kamala D. Harris Joins Central Valley Law Enforcement Leaders ...
Sierra Sun Times
"As the Sheriff of Tulare County, I have seen firsthand the devastating effects of the mortgage crisis, not only in Tulare County but across the State of California. In Tulare County alone, between 2008 and 2011 there were over 11000 foreclosures.

and more »


Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
?Our preliminary first-quarter sales data shows that pre-foreclosure sales ? typically short sales ? are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona and 10 other states.? After three straight monthly ...

and more »


Payment Rates Improve on Texas Home Mortgages
LoanSafe
Mississippi, Georgia and Nevada had the highest home mortgage delinquency rates in the first quarter ? all over 10 percent, the mortgage bankers said. The best performing home loan markets for on-time payments were in the Dakotas and Alaska.

and more »


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
The average credit card debt in Hawaii last month was $7090, which was the second highest in the nation behind Alaska, but $310, or 4 percent, less than April 2011's average of $7400 and $2015 less than April 2010, when the average debt was $9105.

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 »


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 »


Alaska Pacific Bancshares, Inc. Reports First Quarter Earnings for 2012
EON: Enhanced Online News (press release)
Our mortgage department is fully staffed and you can see by the increase in first quarter performance that the lending team has done a great job in the mortgage area,? stated Craig Dahl, President and CEO. ?During the first quarter of 2012 we had solid ...

and more »


Alaska Pacific Bancshares, Inc. Reports First Quarter Earnings for 2012
MarketWatch (press release)
Our mortgage department is fully staffed and you can see by the increase in first quarter performance that the lending team has done a great job in the mortgage area," stated Craig Dahl, President and CEO. "During the first quarter of 2012 we had solid ...

and more »


Fitch Rates Alaska HFC General Mtge Revs II 2012 Series A 'AA+' & 2012 Series ...
SunHerald.com
STRONG UNDERLYING ASSETS: The underlying mortgages to be pledged to the bonds are performing favorably. HIGH SHORT-TERM RATING: AHFC's 'F1+' rating reflects the corporation's ability to meet any potential liquidity demands needed for the 2012 GMRB II ...

and more »

News :

Mortgage Rates: Low Mortgage Rates Decrease Again to New Record Lows
FreeRateUpdate.com
Today's Wells Fargo California 30 year fixed mortgage rates are at 3.625% (3.799% APR). MBS prices (mortgage backed securities) are down -3/32 (FNMA 30 yr 3.5 at 104.20). MBS prices affect mortgage rates which move in the opposite direction.

and more »


Foreclosures Hit A Record Low
Daily Markets (blog)
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


A Window of Opportunity by California Mortgage Expert
SBWire (press release)
Petaluma, California based Mortgage Broker Jehoshua Shapiro, NMLS#275208 says that low rates have created a great opportunity for refinance or purchase, however creeping inflation could create interest rate hikes. Petaluma, CA -- (SBWIRE) -- 05/18/2012 ...



Foreclosures Hit a Record Low - Analyst Blog
NASDAQ
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


Foreclosures Fall...And That's a Bad Thing?
TheStreet.com
Foreclosure starts, the first stage in the foreclosure process, fell in April in the hardest hit states of California, Arizona and Nevada, according to Foreclosure Radar. California saw the steepest slide, with Notice of Default filings down nearly 16% ...

and more »


Foreclosures Hit a Record Low
Zacks.com
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


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 ...

and more »


Federal OK gives program more value for families facing foreclosure
The Salinas Californian
Qualified California homeowners have a shot at enhanced state programs that can reduce their mortgage principal by as much as $100000 and pay up to $25000 in late mortgage payments. Thanks to a recent approval from the US Department of the Treasury, ...



Attorney General Kamala D. Harris Joins Central Valley Law Enforcement Leaders ...
Sierra Sun Times
"As the Sheriff of Tulare County, I have seen firsthand the devastating effects of the mortgage crisis, not only in Tulare County but across the State of California. In Tulare County alone, between 2008 and 2011 there were over 11000 foreclosures.

and more »


Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
?Our preliminary first-quarter sales data shows that pre-foreclosure sales ? typically short sales ? are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona and 10 other states.? After three straight monthly ...

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 ...