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News :

Foreclosure drop seen nationwide
Columbia Daily Tribune
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 yesterday. One in every 698 US housing units had a foreclosure filing during the month.

and more »


30-year mortgage rate falls
KPVI News 6
A banner flies in front of a home at a Pulte Homes housing development May 5, 2009 in Oakland, California. (Justin Sullivan, Getty Images) WASHINGTON (AP) ? Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third ...

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Mortgage Rates: Low Mortgage Rates Decrease Again to New Record Lows
FreeRateUpdate.com
Today's Wells Fargo California 30 year fixed mortgage rates are at 3.625% (3.799% APR). MBS prices (mortgage backed securities) are down -3/32 (FNMA 30 yr 3.5 at 104.20). MBS prices affect mortgage rates which move in the opposite direction.

and more »


Foreclosures Hit A Record Low
Daily Markets (blog)
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


A Window of Opportunity by California Mortgage Expert
SBWire (press release)
Petaluma, California based Mortgage Broker Jehoshua Shapiro, NMLS#275208 says that low rates have created a great opportunity for refinance or purchase, however creeping inflation could create interest rate hikes. Petaluma, CA -- (SBWIRE) -- 05/18/2012 ...



Foreclosures Hit a Record Low - Analyst Blog
NASDAQ
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


Foreclosures Fall...And That's a Bad Thing?
TheStreet.com
Foreclosure starts, the first stage in the foreclosure process, fell in April in the hardest hit states of California, Arizona and Nevada, according to Foreclosure Radar. California saw the steepest slide, with Notice of Default filings down nearly 16% ...

and more »


Foreclosures Hit a Record Low
Zacks.com
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


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 ...

and more »


Federal OK gives program more value for families facing foreclosure
The Salinas Californian
Qualified California homeowners have a shot at enhanced state programs that can reduce their mortgage principal by as much as $100000 and pay up to $25000 in late mortgage payments. Thanks to a recent approval from the US Department of the Treasury, ...



Memphis Realtors participate in Washington rally to protect mortgage interest ...
Memphis Commercial Appeal
While some supportive congressmen came to the rally, none from Tennessee did, said Lott, speaking from Washington by telephone. She joined the others in wearing blue Realtors T-shirts. The only size available was extra large, so Lott trimmed hers after ...

and more »


Credit card and mortgage debt down, but so are scores
Puget Sound Business Journal
In some states mortgage debt fell more -- it dropped 7 percent in both Mississippi and Tennessee, and fell 6 percent in South Carolina, West Virginia and Wisconsin. Nationwide, home equity debt fell and so did student loan debt, but auto loan debt ...

and more »


Lender extends eviction, donations coming in
WTVC
STRAWBERRY PLAINS, Tenn. (AP) -- A lender has relented and enough help may be on the way to save a 78-year-old East Tennessee widow from eviction. The Knoxville News Sentinel (http://bit.ly/Jar4GF ) reported May Cate Jones responded, "Glory be, yes!

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Murfreesboro, Tennessee Mortgage Consultant Reveals Insider Loan Secrets Other ...
SBWire (press release)
Murfreesboro, Tennessee Based Mortgage Lender Hal Tennant reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give consumers all the facts so they can make ...



East TN widow likely to lose her home
The Tennessean
AP STRAWBERRY PLAINS ? An elderly East Tennessee widow has been given a few more days to live in the house she helped her late husband build in 1956. The Knoxville News Sentinel reported Mary Cate Jones, 78, has been told by her lender she can now stay ...

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Housing chief hits road to spur mortgage relief
Reuters
Housing and Urban Development Secretary Shaun Donovan has spent the past few weeks crisscrossing the country, visiting states from California and Colorado to Arkansas and Tennessee, to showcase efforts to use the funds for housing counseling and legal ...

and more »


Mortgage debt falls in Alabama
Bizjournals.com
The mortgage debt for consumers in the state dropped 5 percent from the previous year. 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 ...

and more »


Credit Karma: Card and mortgage debt down, but so are scores
Bizjournals.com
In some states mortgage debt fell more -- it dropped 7 percent in both Mississippi and Tennessee, and fell 6 percent in South Carolina, West Virginia and Wisconsin. Nationwide, home equity debt fell and so did student loan debt, but auto loan debt ...

and more »


Tennessee Appeals Court Reverses Debt Buyer's Win for Insufficient Evidence
JD Supra (press release)
by Ballard Spahr LLP on 5/14/2012 A recent decision by the Tennessee Court of Appeals illustrates the documentation-related challenges faced by creditors and debt buyers in credit card collection actions. In its April 30, 2012, opinion in LVNV Funding, ...

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People in business
The Tennessean
... Pinnacle Financial Partners as senior vice president and mortgage adviser for its Hendersonville office. Utopia Renovation, a commercial construction company, has elected Galileo Moreno as president and project coordinator for Middle Tennessee.


News :

Foreclosure drop seen nationwide
Columbia Daily Tribune
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 yesterday. One in every 698 US housing units had a foreclosure filing during the month.

and more »


Foreclosures Hit A Record Low
Daily Markets (blog)
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


Foreclosures Hit a Record Low - Analyst Blog
NASDAQ
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


Foreclosures Fall...And That's a Bad Thing?
TheStreet.com
Foreclosure starts, the first stage in the foreclosure process, fell in April in the hardest hit states of California, Arizona and Nevada, according to Foreclosure Radar. California saw the steepest slide, with Notice of Default filings down nearly 16% ...

and more »


Foreclosures Hit a Record Low
Zacks.com
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

and more »


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 ...

and more »


Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
?Our preliminary first-quarter sales data shows that pre-foreclosure sales ? typically short sales ? are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona and 10 other states.? After three straight monthly ...

and more »


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 ...

and more »


Fewer US homes foreclosed on in April
HeraldNet
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 ...

and more »


Scottsdale Mortgage Fraud: Real Estate Investor Sentenced to More Than Eight ...
JD Supra (press release)
?Today's sentence signifies the continued commitment by the FBI, the Arizona Mortgage Fraud Task Force, and the United States Attorney's Office in targeting mortgage fraud,? said James L. Turgal, Jr., FBI Special Agent in Charge, Phoenix Division.

and more »


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 ...

and more »


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 ...

and more »


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.

and more »


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 »


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.

and more »


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.

and more »


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.

and more »