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News :

W*USA 9

5 Plead Guilty In $1.5M Mortgage Fraud Scheme
W*USA 9
ALEXANDRIA, Va. (WUSA) - Five people have pled guilty to conspiring to secure more than $1.5 million in a mortgage fraud scheme involving a home in Gainesville, Va. according to Neil H. MacBride, United States Attorney for the Eastern District of ...

and more »


5 Admit Guilty While 1 Still in Trial for $1.5 Million Mortgage Fraud Scheme
LoanSafe
( Source: US Justice Department) ? Five individuals have pled guilty to conspiring together to secure more than $1.5 million in a mortgage fraud scheme involving a home in Gainesville, Va. A federal grand jury has also indicted an individual for his ...

and more »


Five Plead Guilty and One Man Indicted in $1.5 Million Mortgage Fraud Scheme
7thSpace Interactive (press release)
ALEXANDRIA, VA?Five individuals have pled guilty to conspiring together to secure more than $1.5 million in a mortgage fraud scheme involving a home in Gainesville, Virginia. A federal grand jury has also indicted an individual for his alleged role in ...

and more »


Monarch Bank is Now Open in Suffolk
Citybizlist (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, Texas home equity loans, refinance loans, reverse mortgages, Dallas home loans http://www.texaslending.com/dallas.htm, Houston home loans ...

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A Note on The Implications Of Flat Fee Pricing; Lender Updates...
Mortgage News Daily
Certainly this drop in mortgage rates is causing a nice rally in mortgage-backed security prices (or vice versa). The March TIC (Treasury International Capital) data showed that overseas investor holdings of agency MBS declined by $9 billion in March ...

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Monarch Bank is Now Open in Suffolk
NASDAQ
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Monarch Bank is Now Open in Suffolk
GlobeNewsWire (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Monarch Bank is Now Open in Suffolk
MarketWatch (press release)
Monarch Mortgage and our affiliated mortgage companies have over twenty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage ...

and more »


Find first-time homebuyer help
Rochester Democrat and Chronicle
MARIE DE JESUS / STAFF PHOTOGRAPHER With its low down payment requirements, FHA is an attractive mortgage program for first-time homebuyers who qualify. The down payment requirement is only 3.5 percent, with only the VA loans for military veterans ...

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Report: Foreclosure filings slow in Utah, US
Real Estate News Utah
Foreclosure activity in Utah has fallen sharply over the past year, a new report shows. The number of foreclosure-related filings ? ranging from notices that a homeowner is behind on a mortgage to repossession by a bank ? fell by 21 percent from April ...

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Report: Foreclosure filings slow in Utah, US
Salt Lake Tribune
Foreclosure activity in Utah has fallen sharply over the past year, a new report shows. The number of foreclosure-related filings ? ranging from notices that a homeowner is behind on a mortgage to repossession by a bank ? fell by 21 percent from April ...

and more »


Sen. Lee forced to sell 'dream home' in short sale
Salt Lake Tribune
Mike Lee was forced to sell his dream home in Alpine with his mortgage bank taking a significant loss ? up to $400000 ? in a "short sale" as the housing bust in his neighborhood drained his house's value. Lee purchased the home for around $1.1 million ...

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Utah's Retirement Fund in Good Shape Despite Recession
Utah Policy
While, actuarially speaking, Utah's fund is still underfunded, Newman said the good news is that ?we don't have to pay all? of the obligations today. He compared a pension fund to buying a house. You may owe $300000 on your mortgage.



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 »


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)
Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student loan debt the most while Vermont (8%), Utah (7%) and Delaware (7%) saw the biggest increases. Mississippi ($4232), Louisiana ($4504) and Alabama ($4811) have the least amount of ...

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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 »


Bloomberg

Housing Starts Probably Rebounded From a Five-Month Low
Bloomberg
George Frey/Bloomberg A construction worker measures and marks wood as he helps build a new home in St. George, Utah, on May 10, 2012. Builders in the US probably broke ground on more houses in April, rebounding from a five-month low and indicating the ...

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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 ...

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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 ...

and more »


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 ...

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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 »