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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 ...

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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 »


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.

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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 ...

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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 ...

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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 ...

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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 ...

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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.

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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 ...

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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.

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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 ...

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News :

The Huntsville Times - al.com (blog)

Huntsville-area home sales rise sharply in April, more optimism forecast for ...
The Huntsville Times - al.com (blog)
HUNTSVILLE, Alabama -- Spurred by rock-bottom interest rates, higher housing affordability levels and dramatically better weather than a year ago, among other things, home sales in Huntsville and Madison County rose strongly in April, the Alabama ...



MORTGAGE FORECLOSURE SALE
The Southeast Sun
... 2008, said mortgage recorded in the Office of the Judge of Probate of Coffee County, Alabama, in OFFREC Book 452, Page 5; said mortgage having subsequently been transferred and assigned to Bank of America, NA, successor by merger to BAC Home Loans ...

and more »


MORTGAGE FORECLOSURE SALE
The Southeast Sun
Lot 38 of Oak Ridge Forrest Subdivision, Phase I, as shown on plat of same as recorded in the Office of the Judge of Probate, Enterprise, Coffee County, Alabama, in Map Book 3, Page 135. THIS PROPERTY WILL BE SOLD ON AN ?AS IS, WHERE IS? BASIS, ...

and more »


MORTGAGE FORECLOSURE SALE
The Southeast Sun
... to Mortgage Electronic Registration Systems, Inc., acting solely as nominee for Taylor, Bean & Whitaker Mortgage Corporation, on the 9th day of April, 2009, said mortgage recorded in the Office of the Judge of Probate of Coffee County, Alabama, ...

and more »


The Birmingham News - al.com (blog)

RealtyTrac: Alabama foreclosure activity rising
The Birmingham News - al.com (blog)
By Jerry Underwood -- The Birmingham News BIRMINGHAM, Alabama -- Foreclosure activity across Alabama rose in April from the previous month, bucking the national trend, according to RealtyTrac, a California firm that tracks mortgage defaults.

and more »


Va. panel hears exec's appeal
Delmarva Now
AP RICHMOND -- A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial. Former Taylor, Bean & Whitaker ...

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Va. panel hears exec's appeal
Delmarva Daily Times
AP RICHMOND -- A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial. Former Taylor, Bean & Whitaker ...

and more »


Va. panel hears exec's appeal
Gobeach Comber
AP RICHMOND -- A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial. Former Taylor, Bean & Whitaker ...

and more »


Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
Vermont, Connecticut, Pennsylvania, Minnesota, Mississippi, Alabama and Oregon have not announced how they are using the funds. I can tell you that Vermont's budget is sort of under control, the way it usually is (we always assume we need wiggle room ...

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Va. panel hears mortgage exec's appeal
WTOP
Now defunct, TBW was one of the nation's largest private mortgage lenders and engaged in a scheme that eventually involved double- and triple-pledging mortgages to investors, and selling more than $1 billion in worthless mortgages to Alabama-based ...

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Condo sales may become easier if FHA revises rules governing mortgages
Washington Post
The revisions could remove at least some of the obstacles that have dissuaded condominium association boards from seeking approval or recertification of their buildings for FHA loans during the past 18 months. Under the agency's regulations, ...

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Mortgage Rates: Low Mortgage Rates Decrease Again to New Record Lows
FreeRateUpdate.com
Following the same path and decreasing by .250%, today's FHA 30 year fixed mortgage interest rates are at 3.125%, FHA 15 year fixed mortgage rates are at 2.625% and FHA 5/1 ARM loan rates are at 2.625%. First time home buyers find FHA easy to deal with ...

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Is the government backing a new housing bubble?
MSN Money
Under a plan introduced by President Barack Obama, an FHA-qualifying US homebuyer can apply for a 30-year mortgage with a fixed interest rate of 3.75 percent and a 15-year fixed mortgage at 3 percent. FHA loans require as little as 3.5 percent of the ...

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TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Beaumont Enterprise
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the upcoming changes to FHA on June 1st as well as the credit requirement changes for FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Houston Chronicle
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the upcoming changes to FHA on June 1st as well as the credit requirement changes for FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
San Antonio Express
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the upcoming changes to FHA on June 1st as well as the credit requirement changes for FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio ...

and more »


TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado. TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, ...

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Foreclosed Americans Find Way Back to Homeownership
Fox Business
The number of FHA-insured home loans has soared in recent years as subprime loans have disappeared and fewer Americans have qualified for conventional mortgages backed by Fannie Mae and Freddie Mac, which were rescued in 2008 by the US government after ...

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FHA Mortgages For Condos : Guidelines About To Loosen?
The Mortgage Reports
This is one reason why there's a push within the FHA to make condo lending less restrictive. It's a plan that's not been publicly released, and it may not pass for weeks or months, but when changes are made, FHA condo loans will be more readily ...

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TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Virtual-Strategy Magazine
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the upcoming changes to FHA on June 1st as well as the credit requirement changes for FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio ...

and more »