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News :

East Bridgewater man hits lottery for $4 million
The Patriot Ledger
He plans to pay off his mortgage with the winnings. Joseph Walls of East Bridgewater claimed a top prize Thursday in the Massachusetts State Lottery's $10 instant game $5000 A Week For Life. He is the second lucky player to win a $5000 a week for life ...



Massachusetts House of Representatives advances foreclosure legislation
Lexology (registration)
?By passing this bill, the House has made an important commitment toward helping struggling homeowners in Massachusetts and moving our economy forward,? said Rep. Costello. The House bill builds on ?An Act Relative to Mortgage Foreclosures,? signed ...

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Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
Maine's foreclosure rate of one of every 6332 units placed it among the lowest in the country, and considerably lower than nearby states New Hampshire (one of every 846) and Massachusetts (one of every 887). RealtyTrac chief executive Brandon Moore ...

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Insurance you don't need
Wink News
"My husband was my best friend and I lived for him," Pam Denham told us about her husband, retired Rochester, Massachusetts police chief, Walter. They bought a house and retired in Southwest Florida. When they were closing on their mortgage, ...



Hammond Partners With Wells Fargo, Forms New Mortgage Co.
Banker & Tradesman
Chestnut Hill-based Hammond Residential Real Estate has launched a joint venture with Wells Fargo Home Mortgage to originate, process and fund mortgage loans for buyers and sellers. The joint venture, Massachusetts Residential Mortgage, LLC, ...

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Massachusetts Delinquency Rate Drops Almost 1 Percent In Q1
Banker & Tradesman
The delinquency rate for mortgage loans on residential properties in Massachusetts dropped to 7.32 percent at the end of the first quarter of 2012, a decrease of 87 basis points from the fourth quarter of 2011, according to the Mortgage Bankers ...

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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 ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Beaumont Enterprise
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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TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Houston Chronicle
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.

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
San Antonio Express
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.

and more »


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.

and more »


The Colorado Statesman

Republican ?liberty? concerns unfortunately don't seem to extend to actual people
The Colorado Statesman
By Miller Hudson During its Extraordinary Special Session, House Republicans in the Colorado Legislature flubbed the opportunity to demonstrate that their opposition to the jack-booted thuggery of the 'nanny' state extends beyond the virtual persons ...

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The Colorado Statesman

Republican ?liberty? concerns unfortunately don't seem to extend to actual people
The Colorado Statesman
By Miller Hudson During its Extraordinary Special Session, House Republicans in the Colorado Legislature flubbed the opportunity to demonstrate that their opposition to the jack-booted thuggery of the 'nanny' state extends beyond the virtual persons ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Virtual-Strategy Magazine
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.

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
DigitalJournal.com (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.

and more »


US foreclosure rate dropped to five-year low in April
Denver Post
Colorado ranked 11th among states for its foreclosure filing rate of 1 in 597 homes in April. The "gradually rising foreclosure tide" forecast by RealtyTrac after a February settlement by the nation's biggest mortgage servicers over faulty practices ...

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Movers & Shakers: New hires, promotions, honors, new businesses
Dentistry IQ
He'll be working with mortgage loans, commercial loans and personal loans. Hemmer previously worked at a financial institution in Colorado Springs where he served as assistant vice president/commercial loan officer. - Newborn Hope announced that Jenny ...


News :

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, ...

and more »


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.

and more »


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 »


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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Mortgage debt falls in Alabama
Bizjournals.com
The other states that had decreases in mortgage were Mississippi and Tennessee (both down 7 percent); South Carolina, West Virginia and Wisconsin (all down 6 percent); and Louisiana and Wyoming (down 5 percent).

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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 »


Jindal Using Credit Card to Pay off Louisiana's Mortgage? - Bayoubuzz
Bayoubuzz
The big brouhaha over Louisiana's $25 billion budget involves one-time money, basically new cash that cannot be counted on to return in future fiscal years. The budget takes effect July 1 and lawmakers are debating whether to use $268 million in these ...

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Home Federal Bancorp, Inc. of Louisiana Reports Results of Operations for the ...
MarketWatch (press release)
The Company sells most of its fixed rate mortgage loan originations. The increases in non-interest expense for the quarter and nine months ended March 31, 2012 compared to 2011 were primarily due to increases in compensation and benefits expense of ...

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Former President of First Community Bank of Louisiana Pleads Guilty to Bank Fraud
Mortgage Daily
The purpose of the loans was to purchase parcels of real estate, develop them into subdivisions, and build houses on them, which were to be eventually bought by prospective home buyers who would obtain permanent mortgages to finance the purchase.

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Senators Introduce Legislation to Bolster Small Business Access to Capital
PoliticalNews.me (press release)
WASHINGTON, DC ? US Senators Olympia J. Snowe (R-Maine), Mary L. Landrieu (D-Louisiana), and Jeanne Shaheen (D-New Hampshire) have introduced legislation, S.2364, that would extend for one year a provision allowing small business owners to use Small ...



Former Louisiana Bank Executive Pleads Guilty To Fraud Conspiracy
Mortgageorb
The purpose of the loans was to purchase parcels of real estate, develop them into subdivisions, and build houses on them, which were to be eventually bought by prospective home buyers who would obtain permanent mortgages to finance the purchase.

and more »