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News :

Condo sales may become easier if FHA revises rules governing mortgages
Washington Post
According to condominium experts, realty agents, lenders and builders, FHA's rules have become overly strict and have cut off unit buyers from their best source of low-cost mortgage money, thereby frustrating the real estate recovery that the Obama ...

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Michelle Obama speaks to Paralympians and Olympians to get kids more active
Examiner.com
The White House today released a transcipt of Michelle Obama's speech to Team USA, Olympians and Paralympians to promote the Partnership for a Healthier America. The partnership is gearing up to promote getting kids more active to combat childhood ...



Is the government backing a new housing bubble?
MSN Money
Right now, under a plan introduced by President Barack Obama, an FHA-qualifying US homebuyer can apply for a 30-year mortgage with a 30 year fixed interest rate of 3.75 percent and a 15-year fixed mortgage at 3 percent. By The Fiscal Times 45 minutes ...

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Independents Disapprove of Obama's Handling of Housing Crisis
Independent Voter Network
... conducted on behalf of Campaign for Fair Settlement found that a majority of independents in Arizona, Nevada and North Carolina and a near majority in Pennsylvania and Florida disapprove of the way Obama handled the housing and mortgage crisis.

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'Obama's Promise,' Part II
FactCheck.org
Here we address the other, less egregious claims in the 60-second spot. The ad claims Obama broke a promise to ?help the millions of homeowners who are facing foreclosure.? The narrator notes that ?1 in 5 mortgages are still under water.

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Owner of American Home Recovery Found Guilty in Connection with a Mortgage ...
7thSpace Interactive (press release)
Preet Bharara, the United States Attorney for the Southern District of New York, announced that Isaak Khafizov, a former owner of American Home Recovery (AHR), a mortgage loan modification business, was found guilty today in Manhattan federal court of ...

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AMERICAblog (blog)

Elizabeth Warren comes out swinging on financial accountability
AMERICAblog (blog)
However in an interview with David Dayen of FDL News Warren makes incredibly strong statements on the failure of the Obama administration and the mortgage fraud task force to hold Wall Street bankers accountable for the financial crisis.

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The Woman Without a Face
RealClearPolitics
President Obama recently gave a talk touting the need for government mortgage bailouts to help these same helpless middle class folk who are now the welfare state's main object of concern. He gave the talk in front of the home of a Reno couple whom he ...

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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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Common Ground: Is Obama's 'Julia' fact or figment?
Delmarva Now
Bob: How about a government program in the tax code that allows deductions for mortgage interest? That government assistance goes on for 15 to 30 years or more. How about corporate welfare assistance, like deducting health insurance costs for employees ...



Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
South Dakota's $2.88 million will be used to ?enact regulations.? Among the things this money was intended for was counseling for homeowners, funds to pursue investigations into mortgage foreclosure activities, and assistance in refinancing.

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This Subprime Bubble Will Burst In State Court
Mondaq News Alerts (registration)
In support of their argument, the defendants submitted the declaration of an operations analyst of the South Dakota citizen who asserted that the total unpaid principal on the outstanding mortgage loans at issue was well in excess of $5 million.

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NOTICE OF MORTGAGE FORECLOSURE SALE
Rapid City Journal
SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY, Plaintiff, vs. Almeda Cassidy, Rebecca S. Eastman, and Butte County, South Dakota, Defendants. Lot 3 of Block 3 tof Willow Creek Estates No. 4, a Subdivision of Part of Lots P & Q of Valley View Addition, ...

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South Dakota Tries To Avoid Oil Boom's Downside
WBUR
ELLENBOLT: Because of the oil boom, western North Dakota is experiencing major housing shortages and increased crime activity, issues South Dakota officials would like to avoid. In Williston, North Dakota, rent and mortgage costs have sky-rocketed.

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South Dakota Tries To Avoid Oil Boom's Downside
NPR
ELLENBOLT: Because of the oil boom, western North Dakota is experiencing major housing shortages and increased crime activity, issues South Dakota officials would like to avoid. In Williston, North Dakota, rent and mortgage costs have sky-rocketed.

and more »


Wyo ranks low for mortgage delinquencies
Casper Star-Tribune Online
Wyoming was in the lowest tier of states for mortgage delinquency rates in the first quarter, according to credit bureau giant TransUnion. Wyoming registered the fourth lowest rate at 2.43 percent, behind North Dakota (1.51 percent), South Dakota (2.11 ...

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Obama asks Congress to act on 'to-do' list
1340 WGAU
AP President Barack Obama greets supporters after speaking about mortgage relief, Friday, May 11, 2012, in Reno, Nev. (AP Photo/Pablo Martinez Monsivais) The Associated Press President Obama is asking Democrats and Republicans to act on his "to-do ...

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Obama asks Congress to act on 'to-do' list
WSB Atlanta
AP President Barack Obama greets supporters after speaking about mortgage relief, Friday, May 11, 2012, in Reno, Nev. (AP Photo/Pablo Martinez Monsivais) The Associated Press President Obama is asking Democrats and Republicans to act on his "to-do ...

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Obama asks Congress to act on 'to-do' list
WOKV
AP President Barack Obama greets supporters after speaking about mortgage relief, Friday, May 11, 2012, in Reno, Nev. (AP Photo/Pablo Martinez Monsivais) The Associated Press President Obama is asking Democrats and Republicans to act on his "to-do ...

and more »


Obama asks Congress to act on 'to-do' list
WPXI Pittsburgh
AP President Barack Obama greets supporters after speaking about mortgage relief, Friday, May 11, 2012, in Reno, Nev. (AP Photo/Pablo Martinez Monsivais) The Associated Press President Obama is asking Democrats and Republicans to act on his "to-do ...

and more »

News :

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, ...

and more »


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 ...

and more »


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 ...

and more »


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 ...

and more »


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 »


FHA Mortgages For Condos : Guidelines About To Loosen?
The Mortgage Reports
For buyers of condominiums in places like Chicago, Illinois; New York City, New York; or Minneapolis, Minnesota, the FHA's popular 3.5% low-downpayment mortgage program has been elusive. Because of the FHA's strict condo requirements, few buildings are ...

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Investing Answers

10 States with the Most Seriously Delinquent Mortgages
Investing Answers
As a result, Arizona has the second highest percentage of mortgages that are underwater at 48% -- just behind national leader Nevada. That has prompted many Arizonans to walk away from their mortgage payments. 5. Illinois -- 7.87% of outstanding ...



Illinois third in foreclosures despite national improvement
Morris Daily Herald
By Mary Ellen Podmolik ? Chicago Tribune (MCT) ? Foreclosure starts in Illinois are on par with those in other areas, but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of mortgage ...

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Pierce & Associates Expands Central Loop Location
CoStar Group
By Lisa D. Banusiewicz Pierce & Associates, PC, one of the oldest and largest law firms handling mortgage related issues in Illinois, signed an expansion deal at 1 N. Dearborn St. in Chicago, IL. The firm presently occupies the entire 13th floor and ...



Foreclosures in Illinois bogged down
Chicago Tribune
Foreclosure starts in Illinois are on par with those in other areas, but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of mortgage loans on one- to four-unit residential properties ...

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Illinois Swamped With Foreclosures
Progress Illinois
The Prairie State is third in the nation when it comes to mortgages in foreclosure, with 6.9 percent of all Illinois home loans in foreclosure, according to Mortgage Bankers Association data. The figure is largely due to a woefully backlogged ...

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Foreclosures: Illinois 3rd Despite National Improvement
HispanicBusiness.com
oreclosures starts in Illinois are on par with those in other areas but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of all one-to-four-unit mortgage loans in Illinois were in ...

and more »


US Mortgage Delinquency Rate Falls To Lowest Since 2008
Financial Advisor Magazine
(Bloomberg News) The US mortgage delinquency rate declined in the first quarter to the lowest level since 2008 as an improving job market helped more borrowers pay their bills and tighter lending standards resulted in fewer defaults.

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Judicial States Continue to Skew Foreclosure Statistics
Mortgage News Daily
by Jann Swanson There were substantial improvements in delinquency rates during the first quarter of 2012 according to the National Delinquency Survey for the period released this morning by the Mortgage Bankers Association.

and more »


Chicagoist

Illinois Third Worst State For Foreclosures
Chicagoist
New data released Wednesday shows while the national foreclosure rate is the lowest its been since 2008, Illinois ranks third from the bottom with almost 7.5 percent of all mortgage loans in delinquency. According to the Mortgage Bankers Association's ...

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