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News :

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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Maine budget cuts target Medicaid
Foster's Daily Democrat
PORTLAND, Maine ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when the Legislature votes ...

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Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
Nine states are using part of the money for mortgage relief, and part of it for other programs. Indiana is using half of it to assist low-income households with energy bills. Idaho, Utah, Nebraska, Kansas, Wisconsin, North Carolina, Maine and West ...

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Rep. Cummings Introduces Bill to Improve Protections for Service Members ...
Targeted News Service (subscription)
Elijah Cummings, D-Md., has introduced legislation (HR 5747) to amend the Servicemembers Civil Relief Act to "improve the protections for service members against mortgage foreclosures." The bill was introduced on May 15 and has nine co-sponsors.

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EDITORIAL: Morgan Gives Fresh Urgency to Volcker Rule
LoanSafe
(Source: Sun Journal, Lewiston, Maine (MCT) ? There is a very good reason the US government regulates banks: Taxpayers guarantee their deposits, something we started doing after the Great Depression. The downside is that when really big bankers make ...

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Bangor council votes to take Pearl Street house, extend outdoor drinking hours
Bangor Daily News
The couple owes $133074 in mortgage and tax payments. Buy Photo By Andrew Neff, BDN Staff BANGOR, Maine ? The City Council sent a clear sign Monday night that it's the end of the road for a Bangor couple that owes $133074 in mortgage and tax payments.

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Maine budget cuts target Medicaid
Seacoastonline.com
By Clarke Canfield AP PORTLAND, Maine ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when ...

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Ellendale man sentenced to 6 years in prison
Albert Lea Tribune
The criminal activity took place under the business names Blackstone Sales and Maine Estates. His partner was mortgage broker Richard Mathew Laho, 55, of Buffalo. According to a news release from the US Attorney's Office, Prieskorn admitted he and Laho ...

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Press Herald

Maine budget cuts target Medicaid
Press Herald
Paul LePage speaks at the Maine GOP convention. In his effort to cut state spending, Gov. LePage proposed revamping the stateís Medicaid program. Supporters of the cuts say spending is unsustainable and that Maine provides Medicaid coverage to 35 ...

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Maine budget cuts target Medicaid
10TV
AP PORTLAND, Maine (AP) ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when the Legislature ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
CBS News
PROVIDENCE, RI ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
BusinessWeek
A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday that 52-year-old ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
MSN Money
PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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Ex-lawyer pleads guilty in RI to Ponzi scheme
CNBC.com
PROVIDENCE, RI - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
Ventura County Star
AP PROVIDENCE, RI ? PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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Ex-lawyer pleads guilty in RI to Ponzi scheme
NECN
PROVIDENCE, RI (AP) ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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CBS 3 Springfield - WSHMEx-lawyer pleads guilty in RI to Ponzi scheme
WSHM-TV
Entertainment News from AP PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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Ex-lawyer admits to Ponzi scheme
Providence Eyewitness News
PROVIDENCE, RI (AP) ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
My Fox Boston
PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »


Ex-Needham lawyer pleads guilty in RI to Ponzi scheme
Boston Herald
By AP PROVIDENCE, RI ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »

News :

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.

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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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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.

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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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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 ...

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 ...

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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 ...

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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 ...

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Homebuyers Eye Shorter Mortgages
NuWire Investor
Jack M. Guttentag, an emeritus professor of real estate at the University of Pennsylvania's Wharton School, says on his website, The Mortgage Professor, that the investment issue is more likely to favor the 15-year loan when rate spreads are especially ...



Ryan Homes Announces a Grand Opening Celebration for the New Ferncliff Single ...
Business Review Europe (press release)
SOUTH FAYETTE TOWNSHIP, Pa., May 16, 2012 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, will celebrate the Grand Opening of the new Ferncliff single-family model home at The Berkshires, ...

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Foreclosure Filings Up In Philadelphia Region
LoanSafe
The bump-up in state and city filings began in the fall, about the same time the last of the federal money used to keep Pennsylvania's Home Emergency Mortgage Assistance Program alive after Gov. Corbett failed to include money in the budget for it.

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15-Year Mortgages Are Especially Appealing
TheStreet.com
Jack M. Guttentag, an emeritus professor of real estate at the University of Pennsylvania's Wharton School, says on his website, The Mortgage Professor, that the investment issue is more likely to favor the 15-year loan when rate spreads are especially ...

and more »


15-Year Mortgages Are Especially Appealing
MainStreet
Jack M. Guttentag, an emeritus professor of real estate at the University of Pennsylvania's Wharton School, says on his website, The Mortgage Professor, that the investment issue is more likely to favor the 15-year loan when rate spreads are especially ...

and more »


Ryan Homes Announces a Grand Opening Celebration for the New Ferncliff Single ...
African Business Review (press release)
SOUTH FAYETTE TOWNSHIP, Pa., May 16, 2012 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, will celebrate the Grand Opening of the new Ferncliff single-family model home at The Berkshires, ...

and more »


Ryan Homes Announces a Grand Opening Celebration for the New Ferncliff Single ...
Business Review Australia (press release)
SOUTH FAYETTE TOWNSHIP, Pa., May 16, 2012 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, will celebrate the Grand Opening of the new Ferncliff single-family model home at The Berkshires, ...

and more »


Report: Fewer US homes foreclosed upon in April
Utica Observer Dispatch
A $25 billion settlement reached in February between the nation's biggest mortgage lenders and state officials has since cleared the way for banks to take action on unpaid mortgages. In California, Arizona, Nevada and many other so-called non-judicial ...

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Ryan Homes Announces a Grand Opening Celebration for the New Ferncliff Single ...
Business Review India (press release)
SOUTH FAYETTE TOWNSHIP, Pa., May 16, 2012 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, will celebrate the Grand Opening of the new Ferncliff single-family model home at The Berkshires, ...

and more »


Foreclosure filings up in Philadelphia region
Philadelphia Inquirer
The bump-up in state and city filings began in the fall, about the same time the last of the federal money used to keep Pennsylvania's Home Emergency Mortgage Assistance Program alive after Gov. Corbett failed to include money in the budget for it.

and more »