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News :

Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
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 Thursday. One in every 698 US housing units had a foreclosure filing during the month.

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Misused funds
WatertownDailyTimes.com
Low-income families in Indiana will get some relief from their energy bills through the mortgage settlement. Lawmakers are skirting the intent of the agreement with a provision that allows the payment to be considered a ?civil penalty.

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Central Indiana: 'Most Affordable' Housing Market
Inside INdiana Business (press release)
A National Association of Home Builders report rates the Indianapolis-Carmel area as the most affordable large market in the country. The Housing Opportunity Index finds that nearly 96 percent of area homes sold in the first quarter of 2012 were ...

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Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
Oklahoma chose not to participate in the program at all. 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.

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This REIT Promises Yield And Growth Without Mortgage REIT Risk
Seeking Alpha
The New Jersey based REIT has a portfolio of 41 manufactured home communities containing approximately 9000 sites located in Indiana, New Jersey, New York, Ohio, Pennsylvania, and Tennessee. I wrote a detailed article on the Residential Housing REIT a ...

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States Divert Mortgage Cash Away From Homeowners
NewsMax.com
The cash is part of a $25 billion national settlement with banks for abuses in mortgage and foreclosure processes and was supposed to go to foreclosure prevention, investigations into fraud and countering the housing crisis. California's share in the ...

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Fixed Mortgage Rates Drop Further Setting Another Record Low Announces ...
Houston Chronicle
Current mortgage rates for a number of different residential mortgage programs can be viewed on BurlingtonMortgage.biz. Below is a snapshot of mortgage rates for a variety of products listed on the site on 5/11/2012. Indiana mortgage rates represented ...

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Fixed Mortgage Rates Drop Further Setting Another Record Low Announces ...
Beaumont Enterprise
Current mortgage rates for a number of different residential mortgage programs can be viewed on BurlingtonMortgage.biz. Below is a snapshot of mortgage rates for a variety of products listed on the site on 5/11/2012. Indiana mortgage rates represented ...

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Fixed Mortgage Rates Drop Further Setting Another Record Low Announces ...
PR Web (press release)
Current mortgage rates for a number of different residential mortgage programs can be viewed on BurlingtonMortgage.biz. Below is a snapshot of mortgage rates for a variety of products listed on the site on 5/11/2012. Indiana mortgage rates represented ...

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Fixed Mortgage Rates Drop Further Setting Another Record Low Announces ...
DigitalJournal.com (press release)
Current mortgage rates for a number of different residential mortgage programs can be viewed on BurlingtonMortgage.biz. Below is a snapshot of mortgage rates for a variety of products listed on the site on 5/11/2012. Indiana mortgage rates represented ...

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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 ...

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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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News :

CIVIL FILINGS: Jefferson County
West Virginia Record
* Plaintiff claims violation of the West Virginia Consumer Credit and Protection Act. Seeks costs minimum of $74999.99. Melinda D. Hedden vs. Saxon Mortgage Services Inc. * Plaintiff claims violation of the West Virginia Consumer Credit and Protection ...



Edgewood Summit gets almost $9M for expansion
Charleston Gazette
The West Virginia Economic Development Authority authorized an $8.75 million mortgage revenue bond issue Thursday to pay for the project. Edgewood Summit will put equity in the project to make up the nearly $4 million difference, said Diane Gouhin, ...



Credit card and mortgage debt down, but so are scores
Puget Sound Business Journal
In some states mortgage debt fell more -- it dropped 7 percent in both Mississippi and Tennessee, and fell 6 percent in South Carolina, West Virginia and Wisconsin. Nationwide, home equity debt fell and so did student loan debt, but auto loan debt ...

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C&F Financial Corporation Announces Quarterly Dividend
Sacramento Bee
By C&F Financial Corporation WEST POINT, Va., May 16, 2012 -- /PRNewswire/ -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI), the one bank holding company for C&F Bank, has declared a regular cash dividend of 26 cents per common ...

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Consumer protection office opens in W.Va.
Graffiti
AP MARTINSBURG, W.Va. (AP) ? West Virginia's attorney general's office has opened a consumer protection office in Martinsburg to serve the Eastern Panhandle. Opened Tuesday, the office will help bridge residents in that part of the state with consumer ...

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Martinsburg workshop aims to help those struggling with mortgages
The Herald-Mail
Residents should bring all of their home mortgage-related documents to today's workshop, which will be from 10 am to 7 pm at the newly opened West Virginia attorney general's Eastern Panhandle office at 269 Aikens Center. Deputy Attorney General Jill ...



Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
Idaho, Utah, Nebraska, Kansas, Wisconsin, North Carolina, Maine and West Virginia have not been as specific as to where they are diverting the funds. Vermont, Connecticut, Pennsylvania, Minnesota, Mississippi, Alabama and Oregon have not announced how ...

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C&F Financial Corporation Announces Quarterly Dividend
MarketWatch (press release)
WEST POINT, Va., May 16, 2012 /PRNewswire via COMTEX/ -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) , the one bank holding company for C&F Bank, has declared a regular cash dividend of 26 cents per common share, which is payable ...

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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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C&F FINANCIAL CORPORATION : Announces Quarterly Dividend
4-traders
WEST POINT, Va., May 16, 2012 /PRNewswire/ -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI), the one bank holding company for C&F Bank, has declared a regular cash dividend of 26 cents per common share, which is payable July 1, ...

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Bobby Petrino Breaks Even in Sale of Benton County Lake Home
ArkansasSports360.com
That purchase was tied to a 30-year mortgage worth $480000 held by Signature Bank of Arkansas. The home sits on a 1.07-acre lot and includes two extra lots as well as a private boat dock with four slips. It didn't take long for the former coach to get ...

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Bobby Petrino Breaks Even in Sale of Benton County Lake Home
Arkansas Business Online
That purchase was tied to a 30-year mortgage worth $480000 held by Signature Bank of Arkansas. The home sits on a 1.07-acre lot and includes two extra lots as well as a private boat dock with four slips. It didn't take long for the former coach to get ...

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New Flood Maps Show Current Risks in Benton County, Arkansas
Insurance News Net (press release)
DENTON, Texas -- Benton County, Arkansas homeowners, business and residential renters, and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums before new flood insurance rate maps go into ...

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New Flood Maps Show Current Risks In Lincoln County, Arkansas
Insurance News Net (press release)
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson .

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Housing chief hits road to spur mortgage relief
Reuters
Housing and Urban Development Secretary Shaun Donovan has spent the past few weeks crisscrossing the country, visiting states from California and Colorado to Arkansas and Tennessee, to showcase efforts to use the funds for housing counseling and legal ...

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New Flood Maps Show Current Risks in Desha County, Arkansas
Insurance News Net (press release)
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson .

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New Flood Maps Show Current Risks In Lincoln County, Arkansas
Insurance News Net (press release)
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson .

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KATV Channel 7 - The Spirit of Arkansas: US economy picks up after early ...
KATV
More >> 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.More >> Average US rates for ...

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KATV Channel 7 - The Spirit of Arkansas: Obama wants Congress to help homeowners
KATV
Against the backdrop of a middle-class neighborhood in economically hard-hit Nevada, Obama touted steps his administration has already taken to help homeowners refinance their mortgages. But the president said he needed help from lawmakers in order to ...

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KATV Channel 7 - The Spirit of Arkansas: Deutsche Bank pays $202M in NY ...
KATV
Under the agreement, Deutsche Bank AG admitted that it didn't follow all federal housing regulations when it made substantial profits between 2007 and 2009 from the resale of risky mortgages through its subsidiary MortgageIT. According to the agreement ...

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