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News :

Fitch Rates McLaren Health Care (MI) Series 2012A Bonds 'AA-'; Outlook Stable
MarketWatch (press release)
Bond proceeds will be used to refund McLaren's series 1998A bonds and the series 1998, 2003 and 2006 bonds issued on behalf of Northern Michigan Regional Hospital, refinance draws on certain lines of credit, refinance a mortgage and pay costs of ...

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Michigan Court of Appeals broadens scope of Michigan's non-judicial ...
Lexology (registration)
Distinguishing Leslie, the Michigan Court of Appeals found that the language used in the loan documents prevented the guaranty indebtedness from being construed as an obligation separate from the mortgage debt. Specifically, the mortgage defined the ...



International Business Times

US Mortgage Rates Hit Record Low For 3rd Straight Week: Freddie Mac
International Business Times
By Roland Li: Subscribe to Roland's RSS feed US 30-year fixed-rate mortgages hit a record low for the third straight week as concerns over the euro zone weighed on the economy, mortgage financier Freddie Mac said Thursday. The average 30-year mortgage ...

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eCreditDaily.com

Mortgage Rates Hit New Lows Again; 30-Year at 3.79%
eCreditDaily.com
Consumer sentiment in May rose to its highest reading since January 2008, according to the University of Michigan. 30-year fixed-rate mortgage averaged 3.79 percent, with an average 0.7 point, for the week ending May 17, 2012, down from last week when ...

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Banks turn to "short sales" in Michigan as home foreclosure rates continue to ...
Michigan Radio
A short sale is where a mortgage lender allows a property to be sold for less than the amount owed on a mortgage and takes a loss. ?Based on other data we're looking at that's a trend that's going to continue this year. Short sales are going to become ...

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Michigan Justice Diane Hathaway's short sale
Point of Law
Hathaway persuaded a bank to permit her a short sale of a Florida vacation home that saved her hundreds of thousands of dollars from a mortgage made at the peak of the market, but the ABC affiliate finds suspicious transfers of other real estate from ...

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Ellis: Force mortgage firms to shape up
Lansing State Journal
Congratulations, Michigan, on receiving $97 million in settlement money form five mortgage companies. I am glad that state Attorney General Bill Schuette finally got on board and applied to be part of this national settlement.

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Mortgage Builder Acquires GCC Servicing Systems
CUinsight.com (press release)
Southfield, MI, May 15, 2012 ? Mortgage Builder, an award-winning loan origination software (LOS) provider, announces an agreement to acquire GCC Servicing Systems, a leading loan servicing software provider that shares 35 years of history with its new ...

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With Mortgage Rates Low, Consumer Sentiment Hits 4-Year High
The Mortgage Reports
The Thompson Reuters/University of Michigan preliminary sentiment index for May climbed to 77.8%, its highest point since January 2008. May's figures represent a 1.4% increase over April and the ninth consecutive month that the index has risen.

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Consumers upbeat and mortgage applications rise
WRAL.com (blog)
The University of Michigan's Consumer Sentiment Report came in at a four-year high reading Friday, indicating that consumers are becoming more bullish on the job front. The reading for May came in at 77.8 which was up from a 76.4 reading in April.

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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.

and more »


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.

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News :

StateImpact Idaho

Housing Groups Cry Foul As Idaho Holds Onto Settlement Money
StateImpact Idaho
By Molly Messick Click on the map above to see a study of how states have used their portions of the mortgage settlement. Idaho received more than $13 million in a national, multi-billion dollar mortgage settlement reached early this year.

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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 ...

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 »


Federal Home Loan Bank of Seattle Announces New Appointment to Board of Directors
EON: Enhanced Online News (press release)
SEATTLE--(EON: Enhanced Online News)--The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the appointment of David P. Bobbitt of Coeur d'Alene, Idaho, to serve on the Seattle Bank's Board of Directors as a member director representing ...

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
SYS-CON Media (press release)
Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student loan debt the most while Vermont (8%), Utah (7%) and Delaware (7%) saw the biggest increases. Mississippi ($4232), Louisiana ($4504) and Alabama ($4811) have the least amount of ...

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Your Treasure Valley business community-05-16-2012
The Idaho Statesman
Mario Reyes has been appointed dean of the College of Business and Economics at the University of Idaho. Scott Jackson and Roni Leuck have joined HomeStreet Bank as a mortgage loan officers. Saint Alphonsus Regional Medical Center has earned its STAR ...

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 »


Federal Home Loan Bank of Seattle Announces New Appointment to Board of Directors
SunHerald.com
SEATTLE -- The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the appointment of David P. Bobbitt of Coeur d'Alene, Idaho, to serve on the Seattle Bank's Board of Directors as a member director representing the state of Idaho.

and more »


Federal Home Loan Bank of Seattle Announces New Appointment to Board of Directors
MarketWatch (press release)
SEATTLE, May 15, 2012 (BUSINESS WIRE) -- The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the appointment of David P. Bobbitt of Coeur d'Alene, Idaho, to serve on the Seattle Bank's Board of Directors as a member director ...

and more »


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.

and more »


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 ...

and more »


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 »