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News :

"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review Canada (press release)
Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage ...

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Lenders less leery of reducing homeowners' principal
The Republic
In addition, Fannie Mae and Freddie Mac, the government-backed mortgage giants that control the majority of mortgages in the state, will now allow loans to be paid down by the California program. Before, when a lender contribution was required, ...

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Federal Attack On Calif. Mortgage Overhaul Spurs Debate
Law360 (subscription)
By Erin Coe Law360, San Diego (May 18, 2012, 8:23 PM ET) -- A federal home loan regulator's criticism of California's mortgage reform proposals is fueling a debate between opponents who claim the legislation could increase litigation for lenders and ...



FHA's streamlined refinance program can save borrowers thousands
San Francisco Chronicle
Mortgage broker: David Cary, California Mortgage Advisors, Sausalito, (800) 400-2772, davidcary.com. Property type: An owner-occupied single-family residence in Benicia. Appraised value: No appraisal required. Borrowing amount: $539000.

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Boston.com

Report: Fewer US homes foreclosed upon in April
Boston.com
A $25 billion settlement reached in February between the nation's biggest mortgage lenders and state officials has since cleared the way for banks to take action on unpaid mortgages. In California, Arizona, Nevada and many other so-called non-judicial ...

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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.

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30-year mortgage rate falls
KPVI News 6
A banner flies in front of a home at a Pulte Homes housing development May 5, 2009 in Oakland, California. (Justin Sullivan, Getty Images) WASHINGTON (AP) ? Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third ...

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Mortgage Rates: Low Mortgage Rates Decrease Again to New Record Lows
FreeRateUpdate.com
Today's Wells Fargo California 30 year fixed mortgage rates are at 3.625% (3.799% APR). MBS prices (mortgage backed securities) are down -3/32 (FNMA 30 yr 3.5 at 104.20). MBS prices affect mortgage rates which move in the opposite direction.

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A Window of Opportunity by California Mortgage Expert
SBWire (press release)
Petaluma, California based Mortgage Broker Jehoshua Shapiro, NMLS#275208 says that low rates have created a great opportunity for refinance or purchase, however creeping inflation could create interest rate hikes. Petaluma, CA -- (SBWIRE) -- 05/18/2012 ...



Foreclosures Hit a Record Low - Analyst Blog
NASDAQ
Considerable decrease in hardest hit foreclosure states, such as Arizona, Nevada and California, was the primary reason for the recent fall in overall foreclosure activity, despite a surge in majority of the states. However, the pace of foreclosure ...

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Increasing Mortgage Rates Threaten Thousands of Brits with Home-Loss
DigitalJournal.com (press release)
RoadFish.com men's lifestyle and finance magazine today articulated its hope that rising UK mortgage rates is pure speculation, in response to learning that a jump even as small as 20 pounds a month (equivalent to $31 in US) could put more than 100000 ...

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Residents get a helping hand as Trafford Council and Lloyds TSB join forces
Messenger Newspapers
The five per cent deposit is signifcantly less than the 25 per cent normally needed by most mortgage providers, and mortgage rates will also be lower for users of this product, than is traditionally available for a small deposit value.

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PR Web (press release)

Increasing Mortgage Rates Threaten Thousands of Brits with Home-Loss
PR Web (press release)
RoadFish.com men's lifestyle and finance magazine today articulated its hope that rising UK mortgage rates is pure speculation, in response to learning that a jump even as small as 20 pounds a month (equivalent to $31 in US) could put more than 100000 ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review Canada (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review India (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
African Business Review (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review Australia (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


Keystone Real Estate: Give your property an advantage
Summit Daily News
2) Even with rates as good as they currently are, a seller may offer to buy down the interest rate on the purchaser's mortgage. This option may be variable depending on the mortgage. 3) Sellers can offer to carry a second mortgage.

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Get me to the bank on time
Dickinson Press
It suggested that if I could come up with some $80000 to lower my loan amount, I could get the rest down to a 2 percent interest rate for 30 years, well below market rates, and save a boatload. I received a notice recently about refinancing my mortgage ...



Mortgage rates tumble
NZ City
Long term renters are already starting their house hunting, as mortgage rates continue to tumble. Long term renters are already starting their house hunting, as mortgage rates continue to tumble. The battle of the banks is on, with some 12 month fixed ...

and more »

News :

StateImpact Idaho

Housing Groups Cry Foul As Idaho Holds Onto Settlement Money
StateImpact Idaho
By Molly Messick Click on the map above to see a study of how states have used their portions of the mortgage settlement. Idaho received more than $13 million in a national, multi-billion dollar mortgage settlement reached early this year.

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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 ...

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 »


Your Treasure Valley business community-05-16-2012
The Idaho Statesman
Mario Reyes has been appointed dean of the College of Business and Economics at the University of Idaho. Scott Jackson and Roni Leuck have joined HomeStreet Bank as a mortgage loan officers. Saint Alphonsus Regional Medical Center has earned its STAR ...

and more »


Federal Home Loan Bank of Seattle Announces New Appointment to Board of Directors
EON: Enhanced Online News (press release)
SEATTLE--(EON: Enhanced Online News)--The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the appointment of David P. Bobbitt of Coeur d'Alene, Idaho, to serve on the Seattle Bank's Board of Directors as a member director representing ...

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Federal Home Loan Bank of Seattle Announces New Appointment to Board of Directors
SunHerald.com
SEATTLE -- The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the appointment of David P. Bobbitt of Coeur d'Alene, Idaho, to serve on the Seattle Bank's Board of Directors as a member director representing the state of Idaho.

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Federal Home Loan Bank of Seattle Announces New Appointment to Board of Directors
MarketWatch (press release)
SEATTLE, May 15, 2012 (BUSINESS WIRE) -- The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the appointment of David P. Bobbitt of Coeur d'Alene, Idaho, to serve on the Seattle Bank's Board of Directors as a member director ...

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
BusinessWeek
A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday that 52-year-old ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
MSN Money
PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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Ex-lawyer pleads guilty in RI to Ponzi scheme
CNBC.com
PROVIDENCE, RI - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday ...

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
CBS News
PROVIDENCE, RI ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday ...

and more »


Ex-lawyer admits to Ponzi scheme
Providence Eyewitness News
PROVIDENCE, RI (AP) ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
NECN
PROVIDENCE, RI (AP) ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »


CBS 3 Springfield - WSHMEx-lawyer pleads guilty in RI to Ponzi scheme
WSHM-TV
Entertainment News from AP PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
Boston.com
PROVIDENCE, RI?A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday that ...

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
Ventura County Star
AP PROVIDENCE, RI ? PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »


Today's Most Clicked Stories 5/16
Providence Eyewitness News
More >> PROVIDENCE, RI (AP) -- A disbarred Rhode Island attorney has been sentenced to federal prison for his role in a $1.1 million mortgage fraud scheme. Federal prosecutors said Tuesday that 66-year-old James Levitt of Pawtucket was sentenced to a ...

and more »