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News :

You are here! Home > BUSINESS > US stocks slide amid euro concerns
IANS
European concerns still weighed heavily on the equity market, with Spain caught in the eye of the storm of the prolonged debt crisis. The country's bond yields have been rising sharply recently, suggesting mounting fears among investors about the ...

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Many over 50s don't have adequate savings for retirement shows LV= report
WalesOnline
The latest Equity Release Market Monitor for the first quarter of 2012 from Key Retirement Solutions, a specialist financial adviser, estimates that lending against the value of homes rose to £217.1m, against £213.5m for the same period of 2011.

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Hybrid fund: The power of three
Daily News & Analysis
Some specific examples may hammer home the point. The erosion in equity markets since last year has been steep, at 11%. Post rate correction, the debt route doesn't look alluring enough. And gold, the other asset class, is on a shaky wicket, ...

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Mortgage brokers busy as interest rates fall
NZ City
KiwiBank will give you 4.99 percent but only if you've got 30 percent equity in your property. Mortgage broker Mike Pero says renters are quickly becoming house hunters. "We've been full of enquiries with new home loans as well as people looking at ...

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Great Falls families celebrate home-construction project
KRTV Great Falls News
The families worked together for the past year, with each family contributing many hours of "sweat equity" under the supervision of NWGF employees. Each family works on many of the houses over the course of the construction, and no family moves in ...

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Photos: A tour of Vancouver's historic homes
Vancouver Sun
Is it the opportunity to bear witness to the transformative power of a homeowner's sweat equity, the kind of commendable commitment that turns a teardown into a 21st-century gem? Is it the thesis that the greenest house is a house that is already built ...

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Mannheimer Swartling | Inwido divests Inwido Home Improvement to Priveq
Linex Legal (press release) (registration)
Inwido, Northern Europe's largest supplier of window and door solutions, is owned by Swedish private equity conglomerate Ratos and has an annual turnover of over SEK 5 billion and approximately 3500 employees. The Home Improvement subsidiary, ...



Cash flow liberated by refinancing
Marketplace.org
by Chris Farrell Question: My wife and I recently refinanced our home. We paid off the home equity line and the existing mortgage, and now our monthly payments are $500 less than they were previously. What should we do with these savings?



Where has the equity gone, Dover?
The News Journal (blog)
?The relatively recent correction in local home prices wiped out most of the equity gained over the last 7 years,? the report noted. Measured over the last 9 years, however, Dover fares better, with home values rising $41200, compared to a $9200 loss ...



PPF Group, Czech Private-Equity Co, Alters Shareholder Structure
Capital.gr (press release)
Smejc will exchange his stake in PPF Group for shares in Czech-based consumer-loan firm Home Credit, Russian lender Nomos Bank and Greece's Piraeus Bank. PPF Group has about EUR12.74 billion in assets under management. It is active in Central and ...

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Chicago Tribune

Lenders sniffing out dishonest applicants
Chicago Tribune
There are "more fraud checks than ever, and it's on every loan, not just a sample," says David Kittle, a former lender from Kentucky who chaired the Mortgage Bankers Association in 2009. More important, perhaps, the focus now is on preventing fraud ...



Kentucky court: Copy no good for military power of attorney
Clarksville Leaf Chronicle
BRETT BARROUQUERE, AP LOUISVILLE, KY. ? Lyndon and Latonya Bartholomew wanted to give Lyndon the legal ability to take care of the family mortgage and other issues while she deployed to Iraq with the US military in 2010, so they brought a photocopy of ...

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Court: Military power of attorney can't be copy
ArmyTimes.com
By Brett Barrouquere - AP LOUISVILLE, Ky. ? Lyndon and Latonya Bartholomew wanted to give Lyndon the legal ability to take care of the family mortgage and other issues while she deployed to Iraq with the military in 2010, so they brought a photocopy of ...

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Court: Military power of attorney can't be copy
NavyTimes.com
By Brett Barrouquere - AP LOUISVILLE, Ky. ? Lyndon and Latonya Bartholomew wanted to give Lyndon the legal ability to take care of the family mortgage and other issues while she deployed to Iraq with the military in 2010, so they brought a photocopy of ...

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Court: Military power of attorney can't be copy
AirForceTimes.com
By Brett Barrouquere - AP LOUISVILLE, Ky. ? Lyndon and Latonya Bartholomew wanted to give Lyndon the legal ability to take care of the family mortgage and other issues while she deployed to Iraq with the military in 2010, so they brought a photocopy of ...

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Court: Military power of attorney can't be copy
Marine Corps Times
By Brett Barrouquere - AP LOUISVILLE, Ky. ? Lyndon and Latonya Bartholomew wanted to give Lyndon the legal ability to take care of the family mortgage and other issues while she deployed to Iraq with the military in 2010, so they brought a photocopy of ...

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Court: Copy no good for military power of attorney
Knoxville News Sentinel
LOUISVILLE, Ky. (AP) ? Latonya Bartholomew wanted to give her husband, Lyndon, the legal ability to take care of the family mortgage and other issues while she deployed to Iraq with the US military in 2010, so they brought a photocopy of a notarized ...

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Court: Copy no good for military power of attorney
Lexington Herald Leader
By BRETT BARROUQUERE ? AP Latonya Bartholomew wanted to give her husband, Lyndon, the legal ability to take care of the family mortgage and other issues while she deployed to Iraq with the US military in 2010, so they brought a photocopy of a notarized ...

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A copy won't do: Court finds original documents needed to file military power ...
The Republic
BRETT BARROUQUERE AP LOUISVILLE, Ky. ? Latonya Bartholomew wanted to give her husband, Lyndon, the legal ability to take care of the family mortgage and other issues while she deployed to Iraq with the US military in 2010, so they brought a photocopy ...

and more »


Lenders are using a variety of tools to prevent mortgage fraud
Los Angeles Times
There are "more fraud checks than ever, and it's on every loan, not just a sample," said David Kittle, a former lender from Kentucky who chaired the Mortgage Bankers Assn. in 2009. More important, perhaps, the focus now is on preventing fraud rather ...

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News :

Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
South Dakota's $2.88 million will be used to ?enact regulations.? Among the things this money was intended for was counseling for homeowners, funds to pursue investigations into mortgage foreclosure activities, and assistance in refinancing.

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This Subprime Bubble Will Burst In State Court
Mondaq News Alerts (registration)
In support of their argument, the defendants submitted the declaration of an operations analyst of the South Dakota citizen who asserted that the total unpaid principal on the outstanding mortgage loans at issue was well in excess of $5 million.

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NOTICE OF MORTGAGE FORECLOSURE SALE
Rapid City Journal
SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY, Plaintiff, vs. Almeda Cassidy, Rebecca S. Eastman, and Butte County, South Dakota, Defendants. Lot 3 of Block 3 tof Willow Creek Estates No. 4, a Subdivision of Part of Lots P & Q of Valley View Addition, ...

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South Dakota Tries To Avoid Oil Boom's Downside
WBUR
ELLENBOLT: Because of the oil boom, western North Dakota is experiencing major housing shortages and increased crime activity, issues South Dakota officials would like to avoid. In Williston, North Dakota, rent and mortgage costs have sky-rocketed.

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South Dakota Tries To Avoid Oil Boom's Downside
NPR
ELLENBOLT: Because of the oil boom, western North Dakota is experiencing major housing shortages and increased crime activity, issues South Dakota officials would like to avoid. In Williston, North Dakota, rent and mortgage costs have sky-rocketed.

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Wyo ranks low for mortgage delinquencies
Casper Star-Tribune Online
Wyoming was in the lowest tier of states for mortgage delinquency rates in the first quarter, according to credit bureau giant TransUnion. Wyoming registered the fourth lowest rate at 2.43 percent, behind North Dakota (1.51 percent), South Dakota (2.11 ...

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Obama asks Congress to act on 'to-do' list
WNLK
AP President Barack Obama greets supporters after speaking about mortgage relief, Friday, May 11, 2012, in Reno, Nev. (AP Photo/Pablo Martinez Monsivais) The Associated Press President Obama is asking Democrats and Republicans to act on his "to-do ...

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Obama asks Congress to act on 'to-do' list
FoxReno.com
AP President Barack Obama greets supporters after speaking about mortgage relief, Friday, May 11, 2012, in Reno, Nev. (AP Photo/Pablo Martinez Monsivais) The Associated Press President Obama is asking Democrats and Republicans to act on his "to-do ...

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Obama asks Congress to act on 'to-do' list
KFOX El Paso
AP President Barack Obama greets supporters after speaking about mortgage relief, Friday, May 11, 2012, in Reno, Nev. (AP Photo/Pablo Martinez Monsivais) The Associated Press President Obama is asking Democrats and Republicans to act on his "to-do ...

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Obama asks Congress to act on 'to-do' list
WHIO Radio
AP President Barack Obama greets supporters after speaking about mortgage relief, Friday, May 11, 2012, in Reno, Nev. (AP Photo/Pablo Martinez Monsivais) The Associated Press President Obama is asking Democrats and Republicans to act on his "to-do ...

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"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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