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News :

Local woman sentenced for scamming Hawaiian homeowners
KSDK
St. Louis (KSDK) - A St. Louis woman has been sentenced for scamming more than 80 people in Hawaii. Marien Brown was sentenced to 18 months in prison and ordered to pay $250000 in restitution for falsely operating a "mortgage rescue" service.

and more »


KMOX.com

Local Woman Sentenced Involving Mortgage Foreclosure Scam
KMOX.com
Brown researched and identified groups of vulnerable homeowners in Hawaii that were one or more mortgage payments behind, or were in imminent risk of home foreclosure, and sent out a large number of unsolicited mailings to prospective clients claiming ...

and more »


Wentzville Woman Sentenced in $250000 Credit Scam
Patch.com
Brown researched and identified groups of homeowners in the state of Hawaii that were one or more mortgage payments behind, or were in imminent risk of home foreclosure. She then sent out a large number of unsolicited mailings to prospective clients ...

and more »


Federal Lawmakers Should Curb Excesses at Government-Backed Banks and Protect ...
Hawaii Reporter
The primary mission of the CFPB is to protect consumers when dealing with financial institutions, whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.

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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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Hawaii's average credit card debt declined 4% in April
Bizjournals.com
Hawaii homeowners had the highest mortgage debt in the nation in April, with an average of $310199, CreditKarma.com said. California had the second highest mortgage debt at $303745, while West Virginia residents had the lowest average mortgage debt at ...

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Credit Karma: Card and mortgage debt down, but so are scores
Bizjournals.com
In California in April, the average consumer had $5674 in credit card debt, $303745 in mortgage debt (higher than any state except Hawaii, with $310199), $15439 in auto debt, $29069 in student loans and a typical credit score of 676.

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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.

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 »


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 »


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).

and more »


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.

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 »


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 ...

and more »


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 »

News :

As Canadian inflation remains steady, interest rate hikes still loom
Ottawa Citizen
OTTAWA ? If the Bank of Canada was looking for justification to finally begin squeezing the trigger on interest rates, it's unlikely Friday's inflation numbers brought its target any closer. While the annual rate of price increases edged up more than ...

and more »


Renting part of your Ontario house? Research tax rules before you do
yourhome.ca
With interest rates at an all-time low and the real estate market steaming along, many are tempted to buy a home with the idea that renting out a portion of it could help them finance their dream. When you charge full market rent on a portion of your ...



Spanish stocks focus of investor concern
Stamford Advocate
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 ...

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PennantPark Floating Rate Capital Ltd. Amends Credit Facility
4-traders
The Credit Facility has the same maximum borrowing amounts and interest rates as the Company's previous credit facility and includes customary covenants, including minimum asset coverage and minimum equity. PennantPark Floating Rate Capital Ltd. is a ...

and more »


Greek politics, Spain banks test eurozone survival
Albany Times Union
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 ...



New York Late Money Rates from The Wall Street Journal
Wall Street Journal
Money Rates Friday, May 18, 2012 The key US and foreign annual interest rates below are a guide to general levels but don't always represent actual transactions. Prime Rate: 3.25% (effective 12/16/08). The base rate on corporate loans posted by at ...



Fed officials keep door open on easing, eye risks | The Republic
The Republic
REUTERS/Jason Reed The Fed has kept short-term interest rates near zero since December 2008 and has bought $2.3 trillion in long-term securities to shore up a sometimes faltering recovery. After their April 24-25 meeting, Fed officials said the weak ...

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Dealers saw asset buys most likely Fed tool: survey | The Republic
The Republic
The survey asked dealers to rate the likelihood that the Fed would take certain actions to ease policy, including increasing the duration of maturities on the bonds it holds and changing the date of a forecast for when interest rates will first rise.

and more »


Troubled Brazil economy shrinks again in March | The Republic
The Republic
BRASILIA (Reuters) - Economic activity in Brazil fell for the third straight month in March, a surprisingly weak performance that may lead the central bank to slash its benchmark interest rate to all-time lows and prompt further stimulus measures from ...

and more »


Greek politics, Spain banks test eurozone survival
Ct Post
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 ...



Monarch Bank is Now Open in Suffolk
Citybizlist (press release)
Services are also provided through over fifty ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina, and "Monarch Online" consumer and business internet banking (monarchbank.com). Monarch Mortgage and our affiliated ...

and more »


Monarch Bank is Now Open in Suffolk
NASDAQ
Services are also provided through over fifty ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina, and "Monarch Online" consumer and business internet banking (monarchbank.com). Monarch Mortgage and our affiliated ...

and more »


Monarch Bank is Now Open in Suffolk
GlobeNewsWire (press release)
Services are also provided through over fifty ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina, and "Monarch Online" consumer and business internet banking (monarchbank.com). Monarch Mortgage and our affiliated ...

and more »


Monarch Bank is Now Open in Suffolk
MarketWatch (press release)
Services are also provided through over fifty ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina, and "Monarch Online" consumer and business internet banking (monarchbank.com). Monarch Mortgage and our affiliated ...

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 »


Monarch Financial Holdings Declares Cash Dividend on Preferred Stock
NASDAQ
Services are also provided through over fifty ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina, and "Monarch Online" consumer, mobile and business internet banking (monarchbank.com). Monarch Mortgage and our affiliated ...

and more »


Monarch Financial Holdings Declares Cash Dividend on Preferred Stock
MarketWatch (press release)
Services are also provided through over fifty ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina, and "Monarch Online" consumer, mobile and business internet banking (monarchbank.com). Monarch Mortgage and our affiliated ...

and more »


Monarch Financial Holdings Declares Cash Dividend on Preferred Stock
GlobeNewsWire (press release)
Services are also provided through over fifty ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina, and "Monarch Online" consumer, mobile and business internet banking (monarchbank.com). Monarch Mortgage and our affiliated ...

and more »


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 »


Non-Bank Supervision, Lloyds, Mortgages: Compliance
BusinessWeek
The conservator of Fannie Mae (FNMA) (FNMA) and Freddie Mac (FMCC) (FMCC) may let servicers forgive debt on a limited number of mortgages owned or guaranteed by the taxpayer-owned companies, according to a person with direct knowledge of the ...

and more »