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News :

MarketWatch

Reverse mortgages provide needed cash
MarketWatch
By Robert Powell, MarketWatch BOSTON (MarketWatch) ? If you watch TV, you've probably seen some of the well-known actors who've promoted reverse mortgages, a financial product aimed mainly at older homeowners. There's Henry Winkler, Fred Thompson, ...



Va panel hears mortgage exec's appeal
Lake Wylie Pilot
By ZINIE CHEN SAMPSON - AP A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send his case back for a retrial.

and more »


NCOA to Congress: Take Note of a New Trend in Reverse Mortgage Borrowers
Reverse Mortgage Daily
While some lenders are now marketing to the reverse mortgage borrower who is not looking for a long-term financial fix, some industry affiliates are also beginning to note the potential for a new type of borrower to emerge.



Free Health & Wellness Lectures in June
SCVNEWS.com
June 6 - ?Senior Home Ownership, Mortgages and Loan Information,? presented by Candy Stone Watson, Reverse Mortgage Consultant for 1st Reverse Mortgage USA, Betty Wright, Real Estate Loan Officer for Lockheed Federal Credit Union, and Rick Mahn of ...



Va panel hears mortgage exec's appeal
Review seeker (press release)
(AP) ' A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send his case back for a retrial. An attorney for former Taylor, ...

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Reverse Mortgage Lenders are Gearing up For Growth, Now Hiring
Reverse Mortgage Daily
Reverse mortgage lenders are hiring now more than ever following big bank exits from the business. The list of lenders on the search has grown to include companies large and small, from phone originators to boots-on-the ground.



Akron Leader Publications

Where will most boomers go if they don't age in place?
Akron Leader Publications
In the column on Page 36, we discussed the benefits of combining Social Security payments, securities portfolios and a reverse mortgage early into a retirement plan. A significant percentage of older homeowners, plus their children ? the 79 million ...



Va. panel hears exec's appeal
Delmarva Now
AP RICHMOND -- A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial. Former Taylor, Bean & Whitaker ...

and more »


Va. panel hears exec's appeal
Delmarva Daily Times
AP RICHMOND -- A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial. Former Taylor, Bean & Whitaker ...

and more »


Va. panel hears exec's appeal
Gobeach Comber
AP RICHMOND -- A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial. Former Taylor, Bean & Whitaker ...

and more »


CoreLogic To Announce Second Quarter 2012 Financial Results
IT News Online
SANTA ANA, Calif., May 18, 2012 /PRNewswire/ -- CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, confirmed today that it will release its second quarter 2012 financial results after the market close on Monday, ...

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CoreLogic To Announce Second Quarter 2012 Financial Results
DigitalJournal.com (press release)
SANTA ANA, Calif., May 18, 2012 /PRNewswire/ -- CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, confirmed today that it will release its second quarter 2012 financial results after the market close on Monday, ...



CoreLogic To Announce Second Quarter 2012 Financial Results
Daily Markets
SANTA ANA, Calif., May 18, 2012 /PRNewswire/ ? CoreLogic (CLGX), a leading provider of information, analytics and business services, confirmed today that it will release its second quarter 2012 financial results after the market close on Monday, ...

and more »


CoreLogic To Announce Second Quarter 2012 Financial Results
MarketWatch (press release)
SANTA ANA, Calif., May 18, 2012 /PRNewswire via COMTEX/ -- CoreLogic (NYSE:CLGX) , a leading provider of information, analytics and business services, confirmed today that it will release its second quarter 2012 financial results after the market close ...

and more »


CoreLogic To Announce Second Quarter 2012 Financial Results
PR Newswire (press release)
SANTA ANA, Calif., May 18, 2012 /PRNewswire/ -- CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, confirmed today that it will release its second quarter 2012 financial results after the market close on Monday, ...

and more »


The Second Circuit Weighs In On Challenges To Class Certification In MBS ...
Metropolitan Corporate Counsel
The Second Circuit recently issued a decision that will impact the scope of class actions in mortgage backed securities-related litigation. In NJ Carpenters Health Fund v. RALI Series 2006-Q01 Trust, Nos. 11-1683 & 11-1684 (2d Cir.



International Business Times

Ireland May Need Second Bailout: Report
International Business Times
Deutsche Bank also cited Ireland's shaky mortgage sector. "Although resilient during 2009 and 2010, mortgage arrears have risen sharply over the past year, house prices are continuing to fall, market liquidity is limited, and over half of customers are ...

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Kingsway Arms Retirement Residences Inc. Provides ...
TheNewswire.ca (press release)
The mortgage is open to prepayment with one month penalty. (b)A private investor provided a second mortgage of $225000 at a rate of 12%; interest is payable monthly and the balance is due at maturity after 12 months. The mortgage is fully open to ...

and more »


Esquire

Sports Cars for the Rest of Us
Esquire
A few decades ago, you could buy a fun, stylish sports car without taking out a second mortgage. Now you can again. By Sam Smith I was once lucky enough to drive a 1970 Ferrari 246 Dino. It was a singular experience, the kind of eye-opening life ...

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Consumer Credit Default Rates Continue to Decrease Into the Year of 2012
LoanSafe
The first mortgage default rate decreased from March's 1.88% to April's 1.76%. The second mortgage default rate also declined from 1.03% in March to 0.93% in April. Auto loans default rate hit its lowest in its eight year history ? 1.07% in April down ...

and more »

News :

Lawmakers Seek To Block FHFA Foreclosure Selloff In Calif.
Law360 (subscription)
By Natalie Rodriguez Law360, New York (May 18, 2012, 4:13 PM ET) -- Several California members of the US House of Representatives proposed a bill Friday to halt the Federal Housing Finance Agency's plan to sell off foreclosed homes in California to ...



Local woman sentenced for scamming Hawaiian homeowners
KSDK
Brown actually conducted business from her Wentzville home. Authorities say Brown, 42, researched and identified homeowners in Hawaii that were one or more mortgage payments behind, and were in risk of home foreclosure.

and more »


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 »


Lis Pendens : Clearing Up Lis Pendens And Foreclosure Misconceptions
SBWire (press release)
The term ?Lis Pendens? can also be used broadly to describe any suit pending against a property, or it can mean a specific document and formal notice of filing on a property, such as in judicial states or states that administer a judicial foreclosure ...

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S.J. foreclosures fall, following state trend
Stockton Record
By The Record Foreclosures in San Joaquin County fell in April, dropping to one notice for every 201 housing units, according to RealtyTrac, which compiles foreclosure data statewide. In March, the rate was one property in 185 receiving a foreclosure ...

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States Tighten Foreclosure Regulations
AOL Real Estate (blog)
By Harris Effron The Hawaii Legislature and Massachusetts House of Representatives passed bills that put tougher restrictions on foreclosures. In Hawaii, the new bill updates the state's foreclosure law, which was called the strongest in the country ...

and more »


Donnelly amendment will prevent banks from foreclosing on active duty service ...
Kokomo Perspective
?The men and women serving our country overseas to protect our freedoms should not also have to fight to protect their homes from foreclosure as a result of their service,? said Donnelly. ?This amendment takes a much needed step to hold banks ...

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House passes foreclosure protections for vets
Washington Post (blog)
By Steve Vogel The House overwhelmingly passed an amendment Friday that would expand foreclosure protections for service members, their families and disabled veterans. The legislation was attached to the National Defense Authorization Act, ...

and more »


Streetsblog Capitol Hill (blog)

Study Predicts ?Resilient Walkable? Places Will Lead the Housing Recovery
Streetsblog Capitol Hill (blog)
The report bases its prognosis for recovery on seven factors: population size, walkability, severity of the crash, current affordability, unemployment, foreclosure inventory, and foreclosure policy. The Institute found what Angie noted earlier: Walk ...

and more »


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, ...



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, ...

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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 ...

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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 ...

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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 »