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News :

Politics in Minnesota: The Weekly Report Vol. 7, Issue 40 ? 5/18/2012
Politics in Minnesota
As this is written, GOP activists from all over the state are flocking to St. Cloud for the Republican Party of Minnesota's 2012 state convention, and many among them are sorely riled by the performance of the Republican majorities that controlled the ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Virtual-Strategy Magazine
The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and improperly arrange for commissions for themselves or their affiliates on force-placed policies. On May 17, 2012, ...

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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 ...

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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 ...

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FHA Mortgages For Condos : Guidelines About To Loosen?
The Mortgage Reports
For buyers of condominiums in places like Chicago, Illinois; New York City, New York; or Minneapolis, Minnesota, the FHA's popular 3.5% low-downpayment mortgage program has been elusive. Because of the FHA's strict condo requirements, few buildings are ...

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Mortgage Electronic Registration Systems, Inc. vs Carrillo
Farmington Independent
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION. to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, ...

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Mortgage Electronic Registration Systems, Inc vs Jamieson
Farmington Independent
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION. to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, ...

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April foreclosures a mixed bag
Minneapolis Star Tribune
While Minnesota's foreclosure rate has consistently been below the national average, recent increases in the number of default notices that are being sent to homeowners suggest that the number of homeowners who can't pay their mortgage remains elevated ...

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NOTICE OF MORTGAGE FORECLOSURE SALE - Johnson
Pine Journal
West Half of Lots 1, 2 and 3, Block 8, Northern Lumber Company's Westerly Re-Arrangement of Cloquet, Carlton County, Minnesota. to pay the debt then secured by said Mortgage, and taxes, if any, on said premises, and the costs and disbursements, ...

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Mortgage-Bond Transparency Plan Meets Resistance From Traders
San Francisco Chronicle
Transparency Benefits "The more light that's shone on the market, the better off everybody is," said David Land, a mortgage-bond manager at St. Paul, Minnesota-based Advantus Capital Management Inc., which oversees about $22 billion.

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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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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
SYS-CON Media (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Marketwire (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

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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 ...

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Second Montana man admits running Ponzi scheme
Royal Gazette
Missoula, Montana-based mortgage broker Shawn Swor admitted one count of investment fraud under a plea bargain which saw further counts against him dropped. He faces up to 20 years in Federal prison, a $250000 fine and could be ordered to pay more than ...

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Fewer late mortgage payments recorded
Jackson Clarion Ledger
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

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Late payments on mortgages fall to levels seen in 2009
Waterbury Republican American
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

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Late payments on mortgages fall in first quarter of 2012
Contra Costa Times
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

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Late payments on mortgages fall in first quarter of 2012
Pasadena Star-News
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

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Late payments on mortgages fall in first quarter of 2012
Marin Independent-Journal
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

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News :

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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.



Condo associations can be liable under consumer protection law, Md. court rules
Washington Post
Many would assume the type of bad actors falling under the jurisdiction of that law to be car dealers, grocery stores and even mortgage brokers and lenders. But condominiums? Yes, according to the Maryland Court of Appeals, the state's highest court, ...



New sales associate at Champion Realty
The Star Democrat
Owens has 30 years experience in the real estate industry in Maryland, Florida and North Carolina. She has worked with several national homebuilders and major mortgage bankers. Owens attended Chesapeake College and the University of North Florida, ...



Maryland restores money for biotechs, stem cell research fund
Gazette.Net: Maryland Community News Online
by Kevin James Shay, Staff Writer For Maryland businesses, this week's special legislative session resulted in a mixed bag, executives say. Legislators restored funding for the biotechnology investment tax credit program and stem cell research fund, ...

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Principal Reductions Won't Solve the Mortgage Mess
Bloomberg
There are 11.1 million residential properties with underwater mortgages, only about 3 million of which are backed by Fannie and Freddie. Almost 80 percent of those 3 million borrowers, however, are current on their mortgage, demonstrating their ...

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Investing Answers

10 States with the Most Seriously Delinquent Mortgages
Investing Answers
But mortgage debt isn't the only problem: Connecticut also ranked fifth in the nation in terms of highest credit card debt per person. 8. Maryland -- 7.14% of outstanding mortgage balances are at least 90 days delinquent Today, 30% of all mortgages in ...



Chief Financial Officer Sentenced in $78 Million Dream Home Mortgage Fraud Scheme
Mortgage Daily
... mortgages on their "Dream Homes" but left them to fend for themselves. Judge Titus also entered an order requiring Nelson to pay restitution of $34340830.13. The sentence was announced by United States Attorney for the District of Maryland Rod J.

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Illinois third in foreclosures despite national improvement
Morris Daily Herald
Almost 7.5 percent of mortgage loans on one- to four-unit residential properties in Illinois were in foreclosure at the end of March, compared with a national average of 4.39 percent, according to data released Wednesday by the Mortgage Bankers ...

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Maryland's New Mortgage Delinquencies Improve
LoanSafe
(Source Jamie Smith Hopkins The Baltimore Sun (MCT) ? The share of Maryland homeowners newly behind on mortgage payments fell to the lowest level for March in four years ? an important milestone because the state's new-delinquency figure is now better ...

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C&F Financial Corporation Announces Quarterly Dividend
Sacramento Bee
... services through its subsidiary C&F Investment Services, Inc. C&F Mortgage Corporation provides mortgage, title and appraisal services through 20 offices located in Virginia, Maryland, North Carolina, Pennsylvania, Delaware and New Jersey.

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Fewer new mortgage problems in Maryland, more older ones
Baltimore Sun
That's as of March, the newest figures from the Mortgage Bankers Association. There's an argument brewing over why Maryland has a big backlog of pre-foreclosure and foreclosure cases -- the so-called "shadow inventory" that, odds are, will eventually ...

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