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News :

Gateway Mortgage Expands Into Nebraska Market
National Mortgage Professional Magazine
Gateway Mortgage Group has acquired its largest branch and has entered the Omaha market with its newest location in Omaha, Neb. Mortgage industry veteran, Kent Geschwender will lead the newly acquired branch and its staff of eight seasoned loan ...

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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 ...

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Wyo ranks low for mortgage delinquencies
Casper Star-Tribune Online
... 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 percent) and Nebraska (2.31 percent).

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TransUnion: National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009
SYS-CON Media (press release)
CHICAGO, IL -- (Marketwire) -- 05/09/12 -- The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that began in ...

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TransUnion: National Mortgage Loan Delinquency Rates Hit Lowest Level Since 2009
MarketWatch (press release)
CHICAGO, IL, May 09, 2012 (MARKETWIRE via COMTEX) -- The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that ...

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Berkshire Mortgage Venture Bets on Florida's Rebound
BusinessWeek
By Margaret Collins on May 04, 2012 Berkadia Commercial Mortgage LLC, the joint venture of Warren Buffett's Berkshire Hathaway Inc. (BRK/A) (A) and Leucadia National Corp. (LUK) (LUK), is expanding in Florida as it prepares for an end to the state's ...

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Bloomberg

Berkshire Mortgage Venture Bets on Florida's Rebound
Bloomberg
Berkadia Commercial Mortgage LLC, the joint venture of Warren Buffett's Berkshire Hathaway Inc. (BRK/A) and Leucadia National Corp. (LUK), is expanding in Florida as it prepares for an end to the state's real estate slump. ?Florida in general is on the ...

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National Mortgage Professional Magazine

Greg Redmond to Lead New REMN Branch in Kansas City
National Mortgage Professional Magazine
The new Kansas City location will serve the Kansas City area, as well as Missouri, Tennessee and Nebraska. Redmond is a 25-year veteran of the mortgage industry and a lifelong area resident. A member of the Mortgage Bankers Association (MBA) and the ...

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Munn Re-elected as Chairman of the FFIEC State Liaison Committee
CUinsight.com (press release)
Munn is the Director of the Nebraska Department of Banking and Finance, where he has served since January 2005. The Department supervises state-chartered financial institutions, registered and licensed financial entities including mortgage banking, ...

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Aurora Continues Dismantling
Mortgage Daily
By MortgageDaily.com staff Following word that Aurora Bank FSB is closing its origination unit, laying off more than a hundred Missouri employees and unloading a servicing portfolio -- the company now plans hundreds of layoffs in Indiana and Nebraska.

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Hires and Promotions (May 19, 2012)
In-Forum
Angela Searls has joined Valley Mortgage, 3301 13th Ave. S., Fargo, as a mortgage banker. Searls graduated from the University of Minnesota Carlson School of Management with a bachelor's degree in business. She has 16 years of sales experience.

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Albany Times Union
The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and improperly arrange for commissions for themselves or their affiliates on force-placed policies. On May 17, 2012, ...

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Politics in Minnesota: The Weekly Report Vol. 7, Issue 40 ? 5/18/2012
Politics in Minnesota
As this is written, GOP activists from all over the state are flocking to St. Cloud for the Republican Party of Minnesota's 2012 state convention, and many among them are sorely riled by the performance of the Republican majorities that controlled the ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Virtual-Strategy Magazine
The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and improperly arrange for commissions for themselves or their affiliates on force-placed policies. On May 17, 2012, ...

and more »


Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
DigitalJournal.com (press release)
On May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Insurance News Net (press release)
On May 17, 2012 , Nichols Kaster , PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that ...

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FHA Mortgages For Condos : Guidelines About To Loosen?
The Mortgage Reports
For buyers of condominiums in places like Chicago, Illinois; New York City, New York; or Minneapolis, Minnesota, the FHA's popular 3.5% low-downpayment mortgage program has been elusive. Because of the FHA's strict condo requirements, few buildings are ...

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Mortgage Electronic Registration Systems, Inc. vs Carrillo
Farmington Independent
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION. to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, ...

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Mortgage Electronic Registration Systems, Inc vs Jamieson
Farmington Independent
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION. to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, ...

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April foreclosures a mixed bag
Minneapolis Star Tribune
While Minnesota's foreclosure rate has consistently been below the national average, recent increases in the number of default notices that are being sent to homeowners suggest that the number of homeowners who can't pay their mortgage remains elevated ...

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News :

Mortgage settlement money fixes government budgets
GovPro Media
Money from the National Mortgage Settlement that struggling homeowners were counting on for relief is being channeled to plug state budget deficits instead. According to a report by Enterprise Community Partners (ECP), a group that supports affordable ...



Thousands of Georgia Homeowners May be Eligible for Bank of America Loan ...
Public Broadcasting Atlanta
By Jonathan Shapiro Thousands of Georgia homeowners who are currently underwater on their mortgages could be eligible for a new principle reduction program. It's part of massive settlement agreement between Bank of America and federal and state ...



Misused funds
WatertownDailyTimes.com
Struggling homeowners in several states may see limited help from a highly touted national mortgage settlement as state lawmakers instead divert the money to other purposes. In February, the Obama administration and 49 states made national headlines ...

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MRG Document Technologies Partners with The Stonehill Group to Offer Cost ...
Business Review USA (press release)
Atlanta, GA, May 17, 2012 --(PR.com)-- The StoneHill Group, a nationwide provider of quality control audits, fulfillment, due diligence and FHA insuring solutions for mortgage originators, announced a strategic alliance with MRG Document Technologies ...

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John J. Stahl III Joins The Coastal Bank as Mortgage Director and Senior Vice ...
PR Urgent (press release)
In his new position, Stahl oversees mortgage lending activity at The Coastal Bank, manages a team of mortgage experts and ensures that customers enjoy access to a full range of state-of-the-art products and services. An accomplished mortgage industry ...



MRG Document Technologies Partners with The Stonehill Group to Offer Cost ...
Exec Digital (press release)
Source: The StoneHill Group Atlanta, GA, May 17, 2012 --(PR.com)-- The StoneHill Group, a nationwide provider of quality control audits, fulfillment, due diligence and FHA insuring solutions for mortgage originators, announced a strategic alliance with ...

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Business news
The Augusta Chronicle
WASHINGTON ? Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie ...

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Harper: Isakson right on mortgage reform
Savannah Morning News
Fannie Mae, Freddie Mac, FHA and the VA have been essential to the mortgage market for the past four years. Private money has vacated, except for when the government is willing to backstop risk in these uncertain times. Georgia Sen.

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SYS-CON Media (press release) (blog)

MRG Document Technologies Partners with The Stonehill Group to Offer Cost ...
SYS-CON Media (press release) (blog)
By PR.com Newswire Atlanta, GA, May 17, 2012 --(PR.com)-- The StoneHill Group, a nationwide provider of quality control audits, fulfillment, due diligence and FHA insuring solutions for mortgage originators, announced a strategic alliance with MRG ...

and more »


Business briefs
The Augusta Chronicle
WASHINGTON ? Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie ...

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City of Wyoming blocked from cutting water to apartment complex
Peoria Journal Star
"It's like having another mortgage," Kermeen protested in court. Dan Smith, a Prairie State Legal Services attorney representing a tenant, had initially sought appointment of an outside receiver to collect rents and pay the water bills.



Mortgage tax formula criticized
The Daily News Online
The percentage is then divided, with 0.25 percent going to public transportation, 0.25 percent to the State of New York Mortgage Agency, 0.25 to the county and 0.50 to be shared by towns and villages. (Genesee and Wyoming assess a 1.25 percent mortgage ...



Well Known Regional Economist to Speak in Riverton
County 10
Why hasn't the economy bounced back more given low interest and mortgage rates? Will Wyoming's economic indicators remain above the nation's given the clouds of uncertainty regarding natural gas and coal prices? Greece?will an exit from the Eurozone ...



FORECLOSURE SALE NOTICE
Green River Star
WHEREAS, default in the payment of principal and interest has occurred under the terms of a promissory note (the ?Note?) dated February 8, 2007, executed and delivered by Jill Welton and Erin Lamb (?Mortgagor(s)?) to Mortgage Electronic Registration ...



Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Business Review USA (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

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Mortgage debt falls in Alabama
Bizjournals.com
The other states that had decreases in mortgage were Mississippi and Tennessee (both down 7 percent); South Carolina, West Virginia and Wisconsin (all down 6 percent); and Louisiana and Wyoming (down 5 percent).

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Marketwire (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

and more »


Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
MarketWatch (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. -- Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

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Credit scores fall from last month
Central Valley Business Times
Consumer credit card and mortgage spending in April slowed from a year ago, with the average credit card debt per consumer falling 13 percent to $5650 and the average mortgage debt decreasing 3 percent to $166631, according to figures from CreditKarma ...

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
SYS-CON Media (press release)
Montana (7%), New Mexico (6%), Wisconsin (6%), Massachusetts (5%) and Wyoming (5%) saw the biggest increases. Nevada and Mississippi decreased their auto loan debt the most at 3%. Oklahoma (12%), Wyoming (11%) and Idaho (9%) paid down their student ...

and more »