Betty Fisher Oct 27, 2009
Created:Monday, October 26, 2009 8:10 p.m.CDTFONT SIZE. Fisher will be responsible for the real estate lending function for the company;s Princeton location. (Princeton Bureau County Republican, IL)
Mortgage madness Oct 27, 2009
Those fixated on old reflationary dynamics look today at tepid US housing markets, mortgage loan growth, consumer spending, and employment trends and see ongoing deflationary pressures. The Fed is wedded to the old and is positioned poorly to respond to new reflationary dynamics. (Asia Times Online)
Get Approval for the Best IVA Mortg... Oct 27, 2009
An IVA mortgage is a specialist bad credit mortgage loan ... Once released from the agreement, a bad credit home mortgage loan could help to reduce home mortgage payments ... The new bad credit mortgage loan must not affect the applicant's ability to pay their Individual Voluntary Arrangement (IVA). (Suite101.com)
Credit Disputes Could Bar Home Loans Oct 27, 2009
REALTOR Magazine Online: The real estate professional's business support tool. YOUR INTERACTIVE MAGAZINE REALTOR.ORG/realtormag. (Realtor Magazine Online)
How a Bad Credit Mortgage Broker Ca... Oct 27, 2009
An Effective Way to Get a Bad Credit Home Mortgage Loan. Looking for a bad credit home mortgage loan due to poor credit ... A bad credit mortgage broker can help a homeowner to identify the most affordable bad credit home mortgage loans. (Suite101.com)
Deeds recorded in Volusia County Oct. 5-9 Oct 25, 2009
Bank of America, Merrill Lynch First Franklin Mortgage Loan Trust and Home Loan Services Inc. to Christopher L. Howe, lot 29, Blue Lake Woods, $151,900. D.R. Horton Inc. to Gregory M. and Sheila R. Mitchell, lot 97, Alexandria Pointe, $148,500. (Daytona Beach News Journal -- Business)
U.S. House Committee To Subpoena Countrywide Records Oct 24, 2009
Early on, Towns was forced to concede that he received a mortgage loan from Countrywide, but he insisted that he received no preferential treatment. More recently, a Republican staffer videotaped Democrats leaving a private meeting that effectively killed a Republican effort to force a vote on a Countrywide subpoena. (FOX61, CT)
* Hong Kong targets surge in luxury property prices Oct 24, 2009
The Hong Kong Monetary Authority (HKMA) said yesterday it would cap the mortgage limit for luxury property at 60 percent, down from 70 percent, and limit mortgage loan values ... But what were concerned about is, given the very sharp rise in prices in this top segment of the property market, the risk, or credit risk, to these mortgage loans to these properties has increased. (Taipei Times, Taiwan -- World)
Calif. Campaign Against Loan Modification Misconduct Claims 3 Attorneys' Licenses Oct 23, 2009
The resignations came just weeks after Gov. Arnold Schwarzenegger signed a new law prohibiting attorneys from collecting an advance fee for residential loan modification and mortgage loan forbearance services. In most cases, the lawyers who received complaints were accused of accepting fees but not doing the modification work on mortgage loans ... In recent months, Parsa has been advertising his legal services to help homeowners facing foreclosure modify their mortgage loans, the Bar said. (Law.com)
Central Jersey Bancorp Reports Operating Results for Third Quarter of 2009 Oct 23, 2009
The decrease in loans held-for-sale is due primarily to the timing of residential mortgage loan closings. Loans, net of the allowance for loan losses, totaled $371. (Primezone Releases)
READ: Wells Fargo's press release Oct 22, 2009
1 billion in revenue from mortgage loan originations/sales activities on $96 billion of residential mortgage originations ... In addition, the Company continues to explore the sale of certain interests held in securitized residential mortgage loans, which would be expected to reduce further the amount of incremental GAAP assets and incremental risk-weighted assets ... Several factors could cause actual results to differ materially from expectations including: current and future economic and... (USA Today -- Money)
Net income drops at Renasant Oct 22, 2009
Mortgage loan production declined during the third quarter of 2009 compared to the record levels achieved during the second quarter of 2009, the bank said in a news release. Gains from the sale of mortgage loans increased $480,000 to $1. (Birmingham Business Journal, AL)
FHLB Dallas and Liberty Bank of Arkansas Award HELP Grant to First-time Homebuyer Oct 21, 2009
"Liberty Bank is proud to be a part of such an awesome program," said Shelia Kelton, Mortgage Loan Officer at Liberty Bank of Arkansas. "Assisting homebuyers with their first home purchase is rewarding, and Liberty Bank embraces the opportunity to give back to our community through homeownership.". (Primezone Releases)
Flushing Financial Corporation Reports 2009 Third Quarter Earnings Increase of 65% to $0.33 Per Diluted Common Share; Core Earnings Increase of 3.7% to $0.28 Per Diluted Common Share Oct 21, 2009
The yield on the mortgage loan portfolio declined 36 basis points to 6 ... The yield on the mortgage loan portfolio, excluding prepayment penalty income, declined 26 basis points to 6 ... This increase in non-performing loans primarily consists of mortgage loans collateralized by residential income producing properties located in the New York City metropolitan market. (Primezone Releases)
Editorial: Rating agencies peddled junk Oct 20, 2009
That system, however, was thrown out the door in favor of a new system where no one had a stake in the success of a mortgage loan. Lenders marketed loans that required little or no down payment and little or no documentation of income and assets. (Sacramento Bee -- Opinion)
Fifth Thirds August loans total $5B Oct 18, 2009
Mortgage loan originations, meanwhile, hit $1. 5 billion for August, driven by approximately $1 billion in refinancing and more than $550 million in new home purchases. (Cincinnati Business Courier, OH)
Deeds recorded Sept. 28-Oct. 2, 2009 in Volusia Oct 18, 2009
Deutsche Bank National Trust Co., Harborview Mortgage Loan Trust, American Home Mortgage Servicing Inc., Russell Matthew, Russell Cheryl, lot 3, Unit II, Opal Hill at LPGA International, $169,900 ... Wells Fargo Bank, Option One Mortgage Loan Trust 2007 2 and American Home Mortgage Servicing Inc. to Patricia A. Schwarze and Patricia A. Schwarze Trust, lot 14, St. Johns Gardens, $119,000. (Daytona Beach News Journal -- Business)
Foreclosure sales for Oct. 19-23, 2009 Oct 18, 2009
Sabr Mortgage Loan 2008 1 Reo Subsidiary 1 Ll v. Rafael Del Barco, et al, 114 Adele Ave., Daytona Beach, single-family residence. National City Bank v. Richard Divoll, et al, 946 15th St., Unit 201, Holly Hill, condo. (Daytona Beach News Journal -- Business)
Northeast Bancorp First Quarter Results Show Increase in Net Earnings Oct 17, 2009
"This strategy has put us in a strong position, during a time of economic uncertainty when many people are turning to community banks for advice, products and services. "We are pleased with our earnings for the first quarter, and we believe that we are well positioned to thrive in the marketplace going forward," Delamater said. Excluding amortization of customer lists and intangible expenses, net income available to common stockholders per diluted share was $0.24 for the quarter ended September... (Primezone Releases)
Buying a Home FHA vs. Conventional ... Oct 17, 2009
What are the qualification requirements for a mortgage loan modification versus a mortgage loan refinance. The copyright of the article Buying a Home FHA vs. Conventional Loan in is owned by. (Suite101.com)
Blame Collapse On Blind Faith In 'Good Thing' Oct 15, 2009
The problem is that there exists no effective way to prevent people from 'getting more home than they could afford' when the lending standards are loosened as per the CRA and Democrat pressure to lower mortgage loan standards, even though against LW faith-based economic orthodoxy. . (Investors Business Daily)
Is insurance rule a relic of 1913 flood? Oct 15, 2009
While researching and planning the purchase, the brothers found they'll pay an unexpected additional cost for choosing to live in that part of the city: about $2,000 a year for mandated flood insurance if they secure an FHA-backed mortgage loan. They were surprised to learn that, according to Federal Emergency Management Agency maps last updated nearly 30 years ago, the house is located in a 100-year flood plain, also known as "Flood Zone A.". (Albany Times Union)
Down payment facts Oct 14, 2009
A 'down payment' simply put is the difference between the purchase price of a property and the mortgage loan amount. It underlines the buyer's commitment to complete the deal and indicates the buyer's fidelity in making the loan payments. (India Times)
GOP N.J. governor candidates expenses probed Oct 14, 2009
Christie made a mortgage loan to Brown five days after they returned from Boston, on Oct. 22, 2007. He failed to report the loan on federal ethics forms and on his 2007 federal income tax returns, omissions he later described as a mistake. (MSNBC -- Politics)
Pacific Property gets $33.8M in Millbrae sale Oct 14, 2009
Marshall DeWolfe, senior director of , helped the buyer in assuming a combined first and second mortgage loan of $23. 8 million for the acquisition. (San Jose Business Journal, CA)
Tips to Cope with Rising Mortgage I... Oct 12, 2009
There are many mortgage loan products in the market. Lenders structure products to suit various types of clients. (Suite101.com)
Foreclosure activity continues to rise in Tampa Bay Oct 10, 2009
First American CoreLogic is a member of (NYSE: FAF) company group and is a provider of real estate, property and ownership data as well as advanced analytics for information on foreclosures, delinquencies, median home prices, home prices indexes, home valuations, sales activity and mortgage loan originations. Most Read Stories. (Tampa Bay Business Journal, FL)
LEGAL TAX DEED NO. 06 TX 1 (17) Oct 9, 2009
U.S. Bank National Association, as Truestee for the Specialty Underwriting and Residential Finance Trust Mortgage Loan Asset-Backed Certificates Series 2006-BC3 60 Livingston Avenue, Corporate Trust St. Paul, MN 55101. Collection Professionals, Inc. c/o Melinda G. Sammons 206 Marquette St., Suite 303 LaSalle, IL 61301. (Princeton Bureau County Republican, IL)
Navigating Through the Mortgage Morass Oct 9, 2009
Applying for and obtaining a mortgage loan used to be a routine matter. Not any more. (Townhall.com)
Attorney General Announces Arrest In Mortgage Scam Oct 9, 2009
Thomas F. Gentile age 56 and Julio C. Martinez age 61 are accused of attempting to obtain a mortgage loan against a property owned by Gentile's former employer without the knowledge or consent of the former employer. An arrest warrant has also been issued for a third suspect, Justin M. Sabo age 30, of Huntington Beach, California, whose whereabouts are unknown at this time. (KLAS-TV.com, NV)
Lender halts local foreclosures Oct 8, 2009
Until the workshop is complete, we will not move to foreclosure sale any Wells Fargo Home Mortgage or Wachovia mortgage loan in the Atlanta area, he said. And, if we find an option that may work for a customer at the workshop, we ll push back the foreclosure date even further until the option can be fully explored. (Atlanta Journal-Constitution -- Business)
Want to consolidate debt? Think about the total cost Oct 7, 2009
If you own your home and have equity, you can take high-interest debts and incorporate them into a new, low-interest mortgage loan. That will reduce your monthly payments immediately. (Lompoc Record, CA)
* A smart initiative for the elderly Oct 7, 2009
Applicants can apply with financial institutions for a mortgage loan based on the value of their house ... Aside from adopting this mortgage loan concept, Taiwan could also adopt the zero net present value concept. (Taipei Times, Taiwan -- World)
Midwest BankCentre lending under fire Oct 6, 2009
hasn t approved a mortgage loan to a black borrower in five years, a coalition of community organizations said in a letter to the ... The alliance said it gathered data through the Home Mortgage Disclosure Act showing that the bank has not approved a single mortgage loan to an African-American borrower from 2004 to 2008, despite receiving applications from blacks ... In contrast, 355 mortgage loan applications from white borrowers were approved from 2006 to 2008, the alliance said. (St. Louis Business Journal, MO)
Check out the risks of defaulting on your car loans? Oct 6, 2009
Probably the next big thing on your monthly budgets after the mortgage loan is the car loan. And you would not want to default on this for obvious reasons. (India Times)
Federal Mortgage Assistance Program... Oct 4, 2009
Homeowners that can t make their monthly mortgage loan payments due to financial hardships, may be eligible for the or HAMP. This federal mortgage assistance program is part of the Obama Administrations Making Home Affordable Refinance Program ... Mortgage Loans Backed by Fannie May and Freddie Mac ... k.a. mortgage servicer) that offer home mortgage loans may be reluctant to a loan modification. (Suite101.com)
The Making Home Affordable Refinanc... Oct 3, 2009
President Obamas Mortgage Loan Modification and Refinancing Plan ... What are the qualification requirements for a mortgage loan modification versus a mortgage loan refinance ... The current mortgage loan must be owned or guaranteed by Freddie Mac or Fannie May. (Suite101.com)
New Miami incentives target vacant homes Oct 3, 2009
The buyer must also be pre-approved for a first mortgage loan, be able to afford the monthly mortgage payments and cannot currently be a homeowner. Applicants do not have to be first-time homebuyers. (South Florida Business Journal, FL)
HUD will insure Kaleida project Oct 2, 2009
2 million mortgage loan to finance construction of the new institute. The backing comes through the s Section 242 Hospital Mortgage Insurance Program. (Buffalo Business First, NY)
Atlanta housing seminar set Oct 2, 2009
The city of Atlanta has $79 million in mortgage loan money to distribute by the end of the year and wants to help potential homebuyers gain access to it. A free housing opportunity seminar will be held at City Hall Oct. 3 from 8:30 a.m. until noon to explain how to qualify for loans of up to $50,000 toward the purchase of homes inside 23 empowerment zones throughout the city. (Atlanta Business Chronicle, GA)
Freddie Mac goes door to door to help Sep 30, 2009
A campaign has been launched by to urge delinquent borrowers to apply for help in getting mortgage loan modifications under the federal Making Home Affordable Program. The government-controlled mortgage buyer has hired to go door-to-door to meet with delinquent borrowers at their homes and help them supply missing information, documents and complete other actions needed to begin their three-month trial payment periods loan modifications to avoid losing their homes. (Denver Business Journal, CO)
Is it Morally Wrong to Default on a Mortgage? Sep 30, 2009
Among those who were surveyed, the immorality (or the seriousness of it) of walking away from a mortgage loan had a lot to do with the circumstances. If a home were only (only. (RealtyTimes)
Home foreclosure help arrives in the Valley Sep 30, 2009
If you go*What: Foreclosure-prevention workshop by the Departments of Treasury and Housing and Urban Development*When: noon to 7:30 p.m., Wednesday*Where: The Hilton Stockton, 2323 Grand Canal Blvd., Stockton*What to bring: mortgage loan documents, paycheck stubs, tax returns, information on other loans*Who will be there: Representatives of banks, credit counselors, language translators for Spanish, Hmong, Lao and Vietnamese*Details: www. makinghome affordable. (Fresno Bee)
Green Tree to add 20 to 25 jobs Sep 26, 2009
The mortgage industry's struggles are Green Tree's gains, as mortgage loan originators took on too much liability. "It's been an opportunity for us to grow and take servicing from some of the companies that aren't doing so well," Ashley said. (Rapid City Journal, SD)
Bank revamps its mortgage set-up Sep 26, 2009
According to data compiled by Title Guaranty of Hawaii Inc., American Savings over the past five years has ranked just outside the top five mortgage loan originators by dollar volume, fluctuating between sixth and eighth. This year through August, American Savings ranked seventh, with $607 million in mortgage originations, representing 4 percent of the market. (Honolulu Advertiser)
Anniversary article: Cortese had a dream - an adult community with all the amenities Sep 24, 2009
The mortgage loan was to be amortized over a period of 40 years at 5-1/4 percent interest. A provision of this arrangement was that construction could not begin until at least 9 percent of the dwelling units had been arranged for and approved by the FHA. As time passed, this provision became a handicap. (Walnut Creek Rossmoor News, CA)
Mortgage applications up Sep 24, 2009
The Market Composite Index, a measure of mortgage loan application volume, increased 12. 8 percent on a seasonally adjusted basis from one week earlier, which was a holiday shortened week. (South Florida Business Journal, FL)
How to Refinance Home Mortgages Sep 23, 2009
Many people would like to refinance mortgage loans but do not know where to start or find that the prospect of dealing with mountains of paperwork and applications is off-putting ... A low refinance mortgage loan can mean that a borrower will get better rates which can put more money back into his/her pocket or be able to raise funds to finance home-improvements etc. (Suite101.com)
Experts: Short sales not a long shot Sep 22, 2009
All short-sale proceeds go to the primary lender, unless the sale price exceeds the amount owed on the primary mortgage loan. Wandrych currently represents Lucas and Ange Mitchell, a young Laveen couple who have struggled to pay the mortgage because both husband and wife have seen their pay reduced by 25 percent in the economic downturn. (AZCentral -- Business)
Asians hit worst as homeownership fell in '08 Sep 22, 2009
Attempts to get their mortgage loan modified also failed. In June, the bank took possession and sold it at auction. (Honolulu Advertiser)
Fifth Third seeking more FDIC-backed acquisitions Sep 21, 2009
1 billion in mortgage loan originations; $148 million in home equity lines of credit; and $265 million in small business loans. New credit card extensions fell to $102 million, from $168 million in June. (Cincinnati Business Courier, OH)
$30 billion home loan time bomb set for 2010 Sep 21, 2009
From 2004 to 2008, "one in five people who took out a mortgage loan (for both purchases and refinancing) in the San Francisco metropolitan region (San Francisco, Alameda, Contra Costa, Marin and San Mateo counties) got an option ARM," said Bob Visini, senior director of marketing in San Francisco at First American CoreLogic, a mortgage research firm. "That's more than twice the national average. "People think option ARMs (will be) a national crisis," he said. "That's not really true. (San Francisco Chronicle)
Seacoast single-family home sales slip in August Sep 19, 2009
PORTSMOUTH Foreclosure rates in Rockingham and Strafford counties increased in July over the same period last year, according to First American CoreLogic, a leading collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity. According to recent data from First American CoreLogic on foreclosures for the Rockingham-Strafford area, the rate of foreclosures among outstanding mortgage loans is 1 ... According... (Seacoast New Hampshire)
Rep. Paul Donato: Back to work at the Legislature Sep 19, 2009
Brought Massachusetts into compliance with a federal law to require all mortgage loan originators to be licensed through the Nationwide Mortgage Licensing System and Registry. Enacted important consumer safeguards and established a system of compliance, enforcement and continuing education for mortgage loan originators to ensure that the highest ethical standard be met. (Medford Transcript, MA)
Fed wants sweeping control of pay at banks Sep 19, 2009
It would reach down much more deeply into the operational levels of a bank, setting rules for mid-level traders, mortgage loan officers and office managers whose pay is tied to revenues generated by local branches. Click for related content. (MSNBC -- Business)
Thornburgs CEO, CFO resign Sep 18, 2009
Thornburg (THMRQ.PK), which had struggled to find financing for its jumbo mortgage loan business since August 2007, was clobbered by margin calls it often could not meet because of the decline in the value of its mortgage-backed securities throughout 2008 as the nation s housing market slumped. The company reported a loss of nearly $2. (New Mexico Business Weekly, NM)
A role model for success Sep 18, 2009
She drafted a proposal, titled American Citizens for Economic Stabilization, and suggested an approach of evaluating all homeowners facing foreclosure and seeking to refinance an adjustable-rate mortgage loan in order to determine if selling or renting related properties would be the best long-term financial solution. And though her success story is inspirational to other Hispanics, she said she s never tried to use her cultural background for personal gain. (Denver Business Journal, CO)
• Stuart C. Strong Sep 17, 2009
Mr. Strong worked as a mortgage loan officer for 22 years. He has been employed with National City Mortgage for the last 13 years, and he loved to work with his clients and realtors. (Fredericksburg.com, VA)
Loan originators sue state Sep 17, 2009
Toll and the suit s other defendant, Cary Whitaker, the state s mortgage loan originator program manager, plan to challenge the order at a hearing on Thursday. The preliminary injunction hearing is scheduled for 1:30 p.m. MDT in Denver District Court. (Denver Business Journal, CO)
Tips for Completing a Mortgage Appl... Sep 17, 2009
Here are some simple steps to make a mortgage loan a snap ... The process works effectively, but in most cases the middleman/bank can be by-passed simply by going directly to a loan broker for a mortgage loan ... If Your Mortgage Loan Application is Rejected. (Suite101.com)
More surveyors report price rises Sep 16, 2009
Robert Green, of John D Wood and Co in Oxford, said: "The low volume of stock is keeping the market buoyant and buyers are chasing homes that they thought they would have time to consider at a gentler pace. Separate figures released by the Department of Communities and Local Government (DCLG) showed that UK house prices were 1.4% higher in July than in June, but still 8.3% lower than in July 2008. The quarter-on-quarter change, a less volatile measure than monthly changes, showed that prices... (BBC News -- Business)
Real Estate Roundtable Welcomes IRS Action Allowing CMBS Loan Modifications Sep 16, 2009
In a July 29 letter to Treasury Secretary Timothy Geithner, JEC Chair Carolyn Maloney (D-NY) wrote that property owners who lack the certainty they will not be forced into default on commercial mortgage loans when they mature "will not be willing to make further capital investments in their property, which has negative implications for both asset values and those parts of our economy that benefit from such investments." ... IRS , which takes effect September 16, is on par with actions already... (PR Newswire)
Banks Slow to Recover from Meltdown Sep 15, 2009
"Aside from the foreclosure problem in the housing market, the most significant threat to the economy is the growing number of commercial mortgage loan defau 00004000 lts which is going to be very difficult for a lot of small banks to digest," Zandi explained. For example, 16 percent of construction loans are now in delinquency, more than triple the number in 2007. (CBS News)
Bamber gets award from association Sep 13, 2009
Lynn Beale and Susan Corley recently joined Classic City Mortgage as mortgage loan officers, announced Amy Anthony-Coile, president of of the company. Beale and Corley bring a combined total of more than 40 years of mortgage lending experience. (Athens Banner-Herald)
Metro Milwaukee foreclosure rates increase Sep 11, 2009
First American is a New York City company that follows national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity. The most recent data from First American CoreLogic on foreclosures for the Milwaukee-Waukesha-West Allis area shows the rate of foreclosures among outstanding mortgage loans is 2 ... 90 percent of mortgage loans were 90 days or more delinquent compared with 3. (Milwaukee Business Journal, WI)
