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News :

On the record
Muncie Star Press
Michael J. and Amy Etchison, Windermere, Fla., and tenants at 2001 W. Mount Pleasant Blvd.; 4651 Woods Edge Lane and 5020 Hessler Road, foreclosure. Aaron Hassett, 2204 W. Village Drive, vs. Walter Berry, 3820 Kingswood Court, complaint.



Bank of America offering up to $30000 for short sales
OCRegister
In recent months, major banks in the US have become increasingly willing to embrace short sales as a cheaper alternative to foreclosure. Cathy Haney is a real estate broker who grew up in and now lives and works in Irvine.



Citbank /Provident Funding Short Sale Closed by The Ballen Group of Keller ...
PR.com (press release)
With foreclosures on the rise in the US, banks are looking for any way they can to minimize their foreclosure losses. Basically, it is much more cost effective for a bank to agree to a short sale rather foreclose on a home. Banks aren't in the business ...

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Indianapolis area has most-affordable housing
Indianapolis Star
Widespread home foreclosures are a big factor. Indianapolis endured the highest foreclosure rate in the nation in 2006, and the rate has remained high since. Foreclosures have dumped many thousands of homes on the market at reduced prices, driving down ...

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Indianapolis metro area ranked No. 1 in housing affordability
Indianapolis Star
Widespread home foreclosures are a big factor. Indianapolis endured the highest foreclosure rate in the nation in 2006, and the rate has remained high since. Foreclosures have dumped many thousands of homes on the market at reduced prices, driving down ...

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Shafted! Why are Homeowners Still Left to Struggle Against Big Banks Alone?
AlterNet
The funds directed to the states were intended to support counseling, foreclosure mediation, mortgage modification programs, and legal services for those facing the prospect of losing their homes. But states are taking advantage of loose wording in the ...

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Shafted! Why are Homeowners Still Left to Struggle Against Big Banks Alone?
AlterNet
The funds directed to the states were intended to support counseling, foreclosure mediation, mortgage modification programs, and legal services for those facing the prospect of losing their homes. But states are taking advantage of loose wording in the ...

and more »


GoLocal Worcester

The Fastest Growing Communities in Central Mass
GoLocal Worcester
Foreclosure and For Sale signs became as familiar part of local scenery as the grass and trees. Projects that had been on the verge of becoming reality were put on hold. Webb's assessment was accurate: After 2007 many communities saw their number of ...



Spring is the season for remodeling
Sioux City Journal
Q: How much debt could be forgiven by the Mortgage Debt Relief Act? About 2060000 properties are in foreclosure inventory, according to a report from Lenders Processing Services. As of the end of the 2011, 11.1 million borrowers were reported to be ...



Business digest
STLtoday.com
(Lisa Brown) Foreclosures stabilize ? The number of St. Louis-area houses facing foreclosure remained stable in April, with 1793 homes either declared in default, scheduled for auction or in possession of banks. Figures from RealtyTrac, the online ...

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City to join in razing housing
Wilmington News Journal, OH
A total of $288000 is available to Clinton County from the Moving Ohio Forward Demolition Program, according to Wilmington Public Service Director Larry Reinsmith. The funds are from the national mortgage settlement reached earlier this year by the ...



Plain Dealer

Ohio needs to restore drug treatment funds: editorial
Plain Dealer
John Kasich recognizes that drugs are a growth industry in a state gutted by job loss, mortgage meltdowns and budget cutbacks. He and Attorney General Mike DeWine have been aggressive in shutting down pill mills and raising awareness of the danger with ...

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ABC6OnYourSide.com

Alleged Mortgage Fraud Ring Leader Sentenced
ABC6OnYourSide.com
COLUMBUS -- The accused leader of a central Ohio mortgage fraud ring has been sentenced to prison. Nathan Orms, 41, was sentenced to 4 1/2 years behind bars Friday, for his role in the multimillion dollar scheme. Orms allegedly gained possession of ...

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Settlement grant would level abandoned homes
Marion Star
Lengieza said he has a deadline of June 30 to apply for Moving Ohio Forward monies, which are the result of a multi-state settlement with five mortgage service companies over foreclosure abuses, fraud and unacceptable mortgage practices.

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settlement grant would level abandoned homes
Marion Star
Lengieza said he has a deadline of June 30 to apply for Moving Ohio Forward monies, which are the result of a multi-state settlement with five mortgage service companies over foreclosure abuses, fraud and unacceptable mortgage practices.

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Settlement grant would level abandoned homes
Marion Star
Lengieza said he has a deadline of June 30 to apply for Moving Ohio Forward monies, which are the result of a multi-state settlement with five mortgage service companies over foreclosure abuses, fraud and unacceptable mortgage practices.

and more »


Former Dublin Man Sentenced in Mortgage Fraud Case
LoanSafe
(Source: Kathy Lynn Gray The Columbus Dispatch, Ohi (MCT) ? A former Dublin man who flipped high-end properties in central Ohio and lived the high life with $3.4 million in kickbacks was sentenced today to 4 1/2 years in prison.

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Certification battle in Ohio MERS class action heats up
Lexology (registration)
The plaintiff argues that the case, which the plaintiff is attempting to bring on behalf of all 88 Ohio counties for relief relating to the allegedly unlawful failure of MERS and its member institutions to record millions of mortgages and mortgage ...



Ashland County Receives Grant To Demolish Vacant Properties
WMFD.com
Ashland County will receive $270126 from the Moving Ohio Forward Demolition Grant Program for the demolition of more than 25 vacant properties. The program is through the Ohio Attorney General's Office. Commissioner Kim Edwards said the commissioners ...

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Ashland County Receives Grant To Demolish Vacant Properties
North Central Ohio
Ashland County will receive $270126 from the Moving Ohio Forward Demolition Grant Program for the demolition of more than 25 vacant properties. The program is through the Ohio Attorney General's Office. Commissioner Kim Edwards said the commissioners ...

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News :

KSDK

Local woman sentenced for scamming Hawaiian homeowners
KSDK
St. Louis (KSDK) - A St. Louis woman has been sentenced for scamming more than 80 people in Hawaii. Marien Brown was sentenced to 18 months in prison and ordered to pay $250000 in restitution for falsely operating a "mortgage rescue" service.

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KMOX.com

Local Woman Sentenced Involving Mortgage Foreclosure Scam
KMOX.com
Brown researched and identified groups of vulnerable homeowners in Hawaii that were one or more mortgage payments behind, or were in imminent risk of home foreclosure, and sent out a large number of unsolicited mailings to prospective clients claiming ...

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Wentzville Woman Sentenced in $250000 Credit Scam
Patch.com
Brown researched and identified groups of homeowners in the state of Hawaii that were one or more mortgage payments behind, or were in imminent risk of home foreclosure. She then sent out a large number of unsolicited mailings to prospective clients ...

and more »


Federal Lawmakers Should Curb Excesses at Government-Backed Banks and Protect ...
Hawaii Reporter
The primary mission of the CFPB is to protect consumers when dealing with financial institutions, whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.

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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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Hawaii's average credit card debt declined 4% in April
Bizjournals.com
Hawaii homeowners had the highest mortgage debt in the nation in April, with an average of $310199, CreditKarma.com said. California had the second highest mortgage debt at $303745, while West Virginia residents had the lowest average mortgage debt at ...

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
SYS-CON Media (press release)
Mississippi ($4232), Louisiana ($4504) and Alabama ($4811) have the least amount of credit card debt while Connecticut ($6876), Hawaii ($7090) and Alaska ($7096) have the most. Montana paid down its credit card debt the most at 11% to $5572.

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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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Credit Karma: Card and mortgage debt down, but so are scores
Bizjournals.com
In California in April, the average consumer had $5674 in credit card debt, $303745 in mortgage debt (higher than any state except Hawaii, with $310199), $15439 in auto debt, $29069 in student loans and a typical credit score of 676.

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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 ...

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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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