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News :

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.

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MGIC Loosens Restricted Markets Requirements
Mortgage Daily
By MortgageDaily.com staff Credit and debt-to-income ratio requirements have been eased in the country's most struggling real estate markets by Mortgage Guaranty Insurance Corp. The move is a result of market improvement. Current guidelines require a ...



Florida's Realtors advocate for homeownership in nation's capital
Destin Log
Realtors from Florida and across the US ? more than 10000 strong ?gathered at the Washington Monument in the nation's capital today to highlight the importance of housing and homeownership to the nation's economic recovery. The ?Rally to Protect the ...

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TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
TexasLending.com (NMLS # 137773) provides expert service in the field of residential mortgages. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado.

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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 ...

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New sales associate at Champion Realty
The Star Democrat
Owens has 30 years experience in the real estate industry in Maryland, Florida and North Carolina. She has worked with several national homebuilders and major mortgage bankers. Owens attended Chesapeake College and the University of North Florida, ...



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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County foreclosures lead state
The Desert Sun
A total of 3850 mortgage default notices, auction sale notices and bank repossessions were recorded countywide in April, translating to 1 in 208 households in some stage of foreclosure, according to Irvine-based RealtyTrac. The number of filings was 12 ...

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Fewer US homes foreclosed on in April
HeraldNet
But state-level data point to potentially more home repossessions ahead in Florida and many of the 25 other states where courts are required to sign off on foreclosures. All told, the number of US homes taken back by lenders in April declined 7 percent ...

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John J. Stahl III Joins The Coastal Bank as Mortgage Director and Senior Vice ...
PR Urgent (press release)
Before joining The Coastal Bank, he served as the director of mortgage lending at HomeTrust Bank in Asheville, NC and as vice president and area mortgage sales manager for Fifth Third Bank in southeast Florida. He has also worked in the mortgage ...



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 ...


News :

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 ...

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Washington Attorney General Announces Free Help for Homeowners Facing Foreclosure
LoanSafe
(Source: Washington Attorney General) ? Alexa Young always made her mortgage payments ?on time, every time.? Yet, like millions of Americans, recent events conspired to put pressure on the Spokane single mom's budget, making her monthly mortgage ...

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5 Admit Guilty While 1 Still in Trial for $1.5 Million Mortgage Fraud Scheme
LoanSafe
Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and James W. McJunkin, Assistant Director in Charge of the FBI's Washington Field Office, made the announcement. According to the four-count federal indictment returned on ...

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Five Plead Guilty and One Man Indicted in $1.5 Million Mortgage Fraud Scheme
7thSpace Interactive (press release)
Neil H MacBride, United States Attorney for the Eastern District of Virginia, and James W McJunkin, Assistant Director in Charge of the FBI's Washington Field Office, made the announcement. According to the four-count federal indictment returned on May ...

and more »


Housing and Economic Forecast Brightens
Construction Digital (press release)
WASHINGTON, DC--(Marketwire - May 17, 2012) - Positive underlying economic factors are helping relieve a pent-up housing demand, according to a presentation at a residential real estate forum at the Realtors® Midyear Legislative Meetings & Trade Expo ...

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Five Plead Guilty in Gainesville Mortgage Fraud Scheme
FairfaxNews.com
Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and James W. McJunkin, Assistant Director in Charge of the FBI's Washington Field Office, made the announcement. According to the four-count federal indictment returned on ...

and more »


US 30-year mortgage rate drops to record 3.79%
TriValley Central
WASHINGTON (AP) ? Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

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Mortgage Rates Reach Record Lows for 3rd Straight Week
AOL Real Estate (blog)
By AP | Posted May 18th 2012 10:00AM WASHINGTON -- Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made homebuying and refinancing more affordable than ever for those who ...

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WLTX.com

Mortgage Rates Fall to Another Record Low
WLTX.com
Washington, DC (AP via USA Today) -- Average rates for 30-year and 15-year fixed mortgages fell to record lows for a third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

and more »


30-year mortgage rate falls to 3.79%
South Bend Tribune
WASHINGTON - Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. Mortgage buyer Freddie Mac says the rate on the 30-year loan dipped to 3.79 percent. That's down from 3.83 percent last week and the ...

and more »


5 Admit Guilty While 1 Still in Trial for $1.5 Million Mortgage Fraud Scheme
LoanSafe
( Source: US Justice Department) ? Five individuals have pled guilty to conspiring together to secure more than $1.5 million in a mortgage fraud scheme involving a home in Gainesville, Va. A federal grand jury has also indicted an individual for his ...

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Five Plead Guilty and One Man Indicted in $1.5 Million Mortgage Fraud Scheme
7thSpace Interactive (press release)
ALEXANDRIA, VA?Five individuals have pled guilty to conspiring together to secure more than $1.5 million in a mortgage fraud scheme involving a home in Gainesville, Virginia. A federal grand jury has also indicted an individual for his alleged role in ...

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Monarch Bank is Now Open in Suffolk
Citybizlist (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

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Five Plead Guilty in Gainesville Mortgage Fraud Scheme
FairfaxNews.com
... in a mortgage fraud scheme involving a home in Gainesville. A federal grand jury has also indicted an individual for his alleged role in the real estate transaction. Neil H. MacBride, United States Attorney for the Eastern District of Virginia, ...

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Monarch Bank is Now Open in Suffolk
NASDAQ
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Monarch Bank is Now Open in Suffolk
GlobeNewsWire (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Monarch Bank is Now Open in Suffolk
MarketWatch (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Eastern Morning Herald

Current Mortgage Rates: Bank of America, SunTrust and US Bank Home Purchase ...
Eastern Morning Herald
Mortgage rates in the United States have ended another stunning week, as fixed rate loans reached new record-lows, according to the latest report from Virginia-based mortgage company, Freddie Mac. The national average rate on both the 30-year and ...

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Misused funds
WatertownDailyTimes.com
Struggling homeowners in several states may see limited help from a highly touted national mortgage settlement as state lawmakers instead divert the money to other purposes. In February, the Obama administration and 49 states made national headlines ...

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Ryan Homes Announces the Grand Opening of The New Mozart Townhome Model at ...
Supply Chain Digital (press release)
MIDLOTHIAN, Va., May 17, 2012 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announces the Grand Opening of the new Mozart townhome model at Springridge at Swift Creek in Midlothian, ...

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