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News :

Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Virtual-Strategy Magazine
On May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank ...

and more »


Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
DigitalJournal.com (press release)
On May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank ...

and more »


Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Insurance News Net (press release)
On May 17, 2012 , Nichols Kaster , PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that ...

and more »


Fitch Downgrades CSFB 2003-C3
SunHerald.com
NEW YORK -- Fitch Ratings has downgraded seven classes of Credit Suisse First Boston Mortgage Securities Corp., series 2003-C3 (CSFB 2003-C3) commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this ...

and more »


First American Financial to Present at Keefe, Bruyette & Woods Mortgage ...
Sacramento Bee
... estate transactions, today announced that it will present a company update at the Keefe, Bruyette & Woods (KBW) Mortgage Finance Conference on Tuesday, June 5, 2012 at 3:00 pm Eastern time at the Crowne Plaza Times Square Hotel in New York City.

and more »


First American Financial to Present at Stephens Spring Investment Conference
Sacramento Bee
... settlement services for real estate transactions, today announced that it will present a company update at the Stephens Spring Investment Conference on Wednesday, June 6, 2012 at 9:30 am Eastern time at the New York Palace Hotel in New York City.

and more »


Silver Legacy Casino Pushes Chips Into Ch. 11
Law360 (subscription)
By Max Stendahl Law360, New York (May 18, 2012, 2:42 PM ET) -- Operators of the Silver Legacy Resort Casino in Reno, Nevada, filed for bankruptcy protection Thursday to restructure significant mortgage debt it failed to repay in the face of sagging ...

and more »


FIRST AMERICAN FINANCIAL CORP : First American Financial to Present at ...
4-traders
... settlement services for real estate transactions, today announced that it will present a company update at the Stephens Spring Investment Conference on Wednesday, June 6, 2012 at 9:30 am Eastern time at the New York Palace Hotel in New York City.

and more »


FIRST AMERICAN FINANCIAL CORP : First American Financial to Present at Keefe ...
4-traders
... estate transactions, today announced that it will present a company update at the Keefe, Bruyette & Woods (KBW) Mortgage Finance Conference on Tuesday, June 5, 2012 at 3:00 pm Eastern time at the Crowne Plaza Times Square Hotel in New York City.

and more »


First American Financial to Present at Keefe, Bruyette & Woods Mortgage ...
Stockhouse
... estate transactions, today announced that it will present a company update at the Keefe, Bruyette & Woods (KBW) Mortgage Finance Conference on Tuesday, June 5, 2012 at 3:00 pm Eastern time at the Crowne Plaza Times Square Hotel in New York City.

and more »


Know costs, risks before heading for loan
Western Producer (subscription)
However, if interest rates start to climb, this could be a good time to lock in terms, said two Bank of Montreal farm lenders. Farmers are investing in more supply managed quota, new equipment and technology as well as covering the increased cost of ...



TEXT-S&P rates Cedar Funding Ltd/Cedar Funding Corp
Reuters
Our projections regarding the timely interest and ultimate principal payments on the preliminary rated notes, which we assessed using our cash flow analysis and assumptions commensurate with the assigned preliminary ratings under various interest-rate ...



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 ...

and more »


Has Gold Reached Bottom Or Is More Downside Ahead?
Seeking Alpha
Real interest rates, that is the rate of interest minus inflation, have been negative for quite some time now. The Fed has continued to state they will not raise rates until 2014 because they see current government stated inflation rates as reasonable.

and more »


Greek politics, Spain banks test eurozone survival
Kitsap Sun
A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up ...

and more »


Radio system upgrade could be pricey
Effingham Daily News
Also Thursday, County Treasurer Steve Dasenbrock told the committee that the 2005 bonds that enabled the county to build the new Effingham County Government Center courts building could be re-financed at a lower interest rate. While the committee made ...



Breaking refinance bottleneck would do a world of good
Daily Breeze
For the last two years, mortgage interest rates have been falling to the lowest levels in 50 years. Indeed, this past week, 30-year fixed rate mortgages have hit successive new lows. Yet refinance applications are historically low.

and more »


Greek politics, Spain banks test eurozone survival
Knoxville News Sentinel
A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up ...

and more »


Mortgage Rates: Low Mortgage Rates Decrease Again to New Record Lows
FreeRateUpdate.com
All decreasing by .250%, current 30 year fixed mortgage rates are at 3.375% and 15 year fixed mortgage interest rates are at 2.750%. 5/1 ARM loan rates are at 2.125%. It is necessary that borrowers have good credit and qualifications in order to obtain ...

and more »


Spain stocks extend losing streak after downgrade
Houston Chronicle
A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up ...

and more »

News :

U.S. News & World Report (blog)

Home Prices Improve (Slightly) in Battleground States
U.S. News & World Report (blog)
Some of those states also happened to be the hardest hit by the housing and foreclosure crises, which left deep economic and social wounds that are still healing today. Back then, battleground states such as Nevada, Florida, Michigan, ...



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 ...

and more »


Washington Attorney General Announces Free Help for Homeowners Facing Foreclosure
LoanSafe
Young today joined Washington State Attorney General Rob McKenna at SNAP (Spokane Neighborhood Action Partners), a non-profit that provides services to low-income residents, including homeowner counseling services that help borrowers avoid foreclosures ...

and more »


Massachusetts House of Representatives Advances Foreclosure Legislation
JD Supra (press release)
by Mintz Levin on 5/18/2012 The Massachusetts House of Representatives yesterday unanimously passed House Bill 4087, ?An Act to Prevent Unlawful and Unnecessary Foreclosures.? The bill is designed to get ?borrowers and lenders to the table,? according ...

and more »


The Annex fetches $2.5M at auction
Atascadero News
ATASCADERO ? The Annex project site has sold at auction for $2.5 million to Montecito Bank and Trust, the same bank that foreclosed on the property. The auction was held May 8. According to the website of Woodland Hills-based Asset Foreclosure Services ...



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.

and more »


Golden Sands Canyon Ranch project faces foreclosure
South Florida Business Journal
Foreclosure Roundup is hitting the beach this week, first with two hotels and a stalled condo project in Miami Beach, and then to a retail strip in coastal Pompano Beach. An affiliate of Lehman Brothers wants to seize the site where WSG Development Co.



Super-PAC Feeds Romney Words
Bloomberg
?Don't try to stop the foreclosure process. Let it run its course and hit the bottom.? The day was barely half finished before the super-PAC launched the response to Romney's morning ad, airing in a few critical swing states with promises about his ...

and more »


Tiny Dynamite, By "Iron Lady" Screenwriter Abi Morgan, Will Play Off-Broadway
Playbill.com
The three-person cast includes Blake DeLong (Taboos at SoHo Playhouse); Olivia Horton (Foreclosure at Playwrights Horizons) and Christian Conn (Broadway's Desire Under the Elms). Tiny Dynamite has set and lighting design by Maruti Evans, costume design ...



WSJM

Berrien County Tax Foreclosures Falling
WSJM
Tax foreclosures in Berrien County are on the decline, and dramatically so. County Treasurer Bret Witkowski tells WSJM says they continue to work with people who are behind on property taxes to get them into payment plans that work for their budget and ...



Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Virtual-Strategy Magazine
On May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank ...

and more »


Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
DigitalJournal.com (press release)
On May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank ...

and more »


Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Insurance News Net (press release)
On May 17, 2012 , Nichols Kaster , PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that ...

and more »


Fitch Downgrades CSFB 2003-C3
SunHerald.com
NEW YORK -- Fitch Ratings has downgraded seven classes of Credit Suisse First Boston Mortgage Securities Corp., series 2003-C3 (CSFB 2003-C3) commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this ...

and more »


First American Financial to Present at Keefe, Bruyette & Woods Mortgage ...
Sacramento Bee
... estate transactions, today announced that it will present a company update at the Keefe, Bruyette & Woods (KBW) Mortgage Finance Conference on Tuesday, June 5, 2012 at 3:00 pm Eastern time at the Crowne Plaza Times Square Hotel in New York City.

and more »


First American Financial to Present at Stephens Spring Investment Conference
Sacramento Bee
... settlement services for real estate transactions, today announced that it will present a company update at the Stephens Spring Investment Conference on Wednesday, June 6, 2012 at 9:30 am Eastern time at the New York Palace Hotel in New York City.

and more »


Silver Legacy Casino Pushes Chips Into Ch. 11
Law360 (subscription)
By Max Stendahl Law360, New York (May 18, 2012, 2:42 PM ET) -- Operators of the Silver Legacy Resort Casino in Reno, Nevada, filed for bankruptcy protection Thursday to restructure significant mortgage debt it failed to repay in the face of sagging ...

and more »


FIRST AMERICAN FINANCIAL CORP : First American Financial to Present at ...
4-traders
... settlement services for real estate transactions, today announced that it will present a company update at the Stephens Spring Investment Conference on Wednesday, June 6, 2012 at 9:30 am Eastern time at the New York Palace Hotel in New York City.

and more »


FIRST AMERICAN FINANCIAL CORP : First American Financial to Present at Keefe ...
4-traders
... estate transactions, today announced that it will present a company update at the Keefe, Bruyette & Woods (KBW) Mortgage Finance Conference on Tuesday, June 5, 2012 at 3:00 pm Eastern time at the Crowne Plaza Times Square Hotel in New York City.

and more »


First American Financial to Present at Keefe, Bruyette & Woods Mortgage ...
Stockhouse
... estate transactions, today announced that it will present a company update at the Keefe, Bruyette & Woods (KBW) Mortgage Finance Conference on Tuesday, June 5, 2012 at 3:00 pm Eastern time at the Crowne Plaza Times Square Hotel in New York City.

and more »