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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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With guidance, mortgaging process a manageable one
Oregon City News
What are the usual steps required to be pre-approved for a mortgage? A. The process does take a little time. However, don't be intimidated. If you have skilled guidance the process is very manageable. To begin, you must decide what type of home you are ...

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Oregon anti-foreclosure program shows slow start
McMinnville News-Register
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April ?indicates that there is more work to be done? for Oregon. Margaret Van Vliet, who oversees the ...

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Sluggish start for mortgage assistance program
Bend Bulletin
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April ?indicates that there is more work to be done? for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon anti-foreclosure program shows slow start
Daily Astorian
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April "indicates that there is more work to be done" for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon anti-foreclosure program shows slow start
Corvallis Gazette Times
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April "indicates that there is more work to be done" for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon anti-foreclosure program shows slow start
Longview Daily News
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April "indicates that there is more work to be done" for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon anti-foreclosure program shows slow start
Albany Democrat Herald
While the program shows promise, only 11 mortgages have been refinanced after more than a year. More recently, a US Treasury review completed in April "indicates that there is more work to be done" for Oregon. Margaret Van Vliet, who oversees the ...

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Oregon Country Club reopens
Ogle County News
By Vinde Wells - Editor Tom Gerke puts an open sign on one of the clubhouse doors at the Oregon Country Club May 8. The course reopened Tuesday. For tee times and rates, visit www,golfogc.com. Photo by Chris Johnson Sunshine and mild temperatures ...



Holton swings by Albany in AG campaign
Albany Democrat Herald
(Mark Ylen/Democrat-Herald) Dwight Holton, one of two Democrats running for Oregon attorney general, says his first priority in office would be public safety, followed by consumer protection and shielding people from mortgage fraud.

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Oregon wood products sector makes slow turn upward
Mail Tribune
Swan said he needed a job that paid at least $15 an hour to make his mortgage payments, and he found one. The plant pays an average of $19 an hour, said Henderson, the superintendent. Swan's wage will increase to about $17 an hour when he passes a ...

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News :

Housing: Condo owners, buyers stand to benefit from revisions to FHA rules
Arizona Daily Star
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.



FHA may ease mortgage rules for condos
The Seattle Times
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner-association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

and more »


FHA may ease rules for mortgages on condos
MiamiHerald.com
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

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FHA's streamlined refinance program can save borrowers thousands
San Francisco Chronicle
Loan type: FHA 30-year fixed. Rate: Fixed 3.75 percent. Backstory: Cary's clients thought they were stuck with a much higher interest rate and higher payments because their home had dropped in value below the amount of their mortgage.

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Condo sales may become easier if FHA revises rules governing mortgages
Washington Post
The revisions could remove at least some of the obstacles that have dissuaded condominium association boards from seeking approval or recertification of their buildings for FHA loans during the past 18 months. Under the agency's regulations, ...

and more »


Mortgage Rates: Low Mortgage Rates Decrease Again to New Record Lows
FreeRateUpdate.com
Following the same path and decreasing by .250%, today's FHA 30 year fixed mortgage interest rates are at 3.125%, FHA 15 year fixed mortgage rates are at 2.625% and FHA 5/1 ARM loan rates are at 2.625%. First time home buyers find FHA easy to deal with ...

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Is the government backing a new housing bubble?
MSN Money
Under a plan introduced by President Barack Obama, an FHA-qualifying US homebuyer can apply for a 30-year mortgage with a fixed interest rate of 3.75 percent and a 15-year fixed mortgage at 3 percent. FHA loans require as little as 3.5 percent of the ...

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TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Beaumont Enterprise
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the upcoming changes to FHA on June 1st as well as the credit requirement changes for FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio ...

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TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Houston Chronicle
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the upcoming changes to FHA on June 1st as well as the credit requirement changes for FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio ...

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TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado. TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, ...

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Utah Sen. Lee gives up dream home in short sale
Daily Herald
7 hours ago ? AP SALT LAKE CITY ? Utah Republican Sen. Mike Lee has experienced the housing bust first-hand after short selling his dream home a few months after taking office. Lee's mortgage bank suffered a loss of up to $400000 in the July 2011 sale ...

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Utah Sen. Lee gives up dream home in short sale
Daily Herald
Utah Republican Sen. Mike Lee has experienced the housing bust first-hand after short selling his dream home a few months after taking office. Lee's mortgage bank suffered a loss of up to $400000 in the July 2011 sale of the house in Alpine, Utah, ...

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Sen. Lee gives up dream home in short sale
StandardNet
By Contributed AP SALT LAKE CITY ? Utah Republican Sen. Mike Lee has experienced the housing bust first-hand after short selling his dream home a few months after taking office. Lee's mortgage bank suffered a loss of up to $400000 in the July 2011 sale ...

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Report: Foreclosure filings slow in Utah, US
Real Estate News Utah
Foreclosure activity in Utah has fallen sharply over the past year, a new report shows. The number of foreclosure-related filings ? ranging from notices that a homeowner is behind on a mortgage to repossession by a bank ? fell by 21 percent from April ...

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Report: Foreclosure filings slow in Utah, US
Salt Lake Tribune
Foreclosure activity in Utah has fallen sharply over the past year, a new report shows. The number of foreclosure-related filings ? ranging from notices that a homeowner is behind on a mortgage to repossession by a bank ? fell by 21 percent from April ...

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Sen. Lee forced to sell 'dream home' in short sale
Salt Lake Tribune
Mike Lee was forced to sell his dream home in Alpine with his mortgage bank taking a significant loss ? up to $400000 ? in a "short sale" as the housing bust in his neighborhood drained his house's value. Lee purchased the home for around $1.1 million ...

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Utah's Retirement Fund in Good Shape Despite Recession
Utah Policy
While, actuarially speaking, Utah's fund is still underfunded, Newman said the good news is that ?we don't have to pay all? of the obligations today. He compared a pension fund to buying a house. You may owe $300000 on your mortgage.



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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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 ...

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