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News :

"The Keys to Finishing 2012 as Successfully as You Started It"
Manufacturing Digital (press release)
Todd Duncan is a New York Times best-selling author, an authority on relationship-based selling skills, and an executive leader at Prospect Mortgage. He has more than 20 years of experience in the mortgage industry as a trainer and motivational speaker ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review Canada (press release)
Todd Duncan is a New York Times best-selling author, an authority on relationship-based selling skills, and an executive leader at Prospect Mortgage. He has more than 20 years of experience in the mortgage industry as a trainer and motivational speaker ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review India (press release)
Todd Duncan is a New York Times best-selling author, an authority on relationship-based selling skills, and an executive leader at Prospect Mortgage. He has more than 20 years of experience in the mortgage industry as a trainer and motivational speaker ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
African Business Review (press release)
Todd Duncan is a New York Times best-selling author, an authority on relationship-based selling skills, and an executive leader at Prospect Mortgage. He has more than 20 years of experience in the mortgage industry as a trainer and motivational speaker ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review Australia (press release)
Todd Duncan is a New York Times best-selling author, an authority on relationship-based selling skills, and an executive leader at Prospect Mortgage. He has more than 20 years of experience in the mortgage industry as a trainer and motivational speaker ...

and more »


Indianapolis area has most-affordable housing
Indianapolis Star
The metro area is once again the most affordable big-city housing market in the nation, wresting back an honor that had been stolen away the past few quarters by Youngstown, Ohio; Syracuse, NY; and Lakeland, Fla. As civic awards go, having the most ...

and more »


Indianapolis metro area ranked No. 1 in housing affordability
Indianapolis Star
The metro area is once again the most affordable big-city housing market in the nation, wresting back an honor that had been stolen away the past few quarters by Youngstown, Ohio; Syracuse, NY; and Lakeland, Fla. As civic awards go, having the most ...

and more »


Fitch Downgrades and Withdraws Litton Loan Servicing LLP's US Residential ...
CNBC.com
NEW YORK, May 18, 2012 (BUSINESS WIRE) -- Fitch Ratings has downgraded and withdrawn Litton Loan Servicing LLP's (Litton) US residential mortgage servicer ratings as follows: --Primary servicer rating for Alt-A product to 'RPS3' from 'RPS1'; ...

and more »


Fitch Downgrades 3 Subordinate Classes of CSFB 2004-C3; Affirms Investment ...
CNBC.com
NEW YORK, May 18, 2012 (BUSINESS WIRE) -- Fitch Ratings has downgraded three classes of Credit Suisse First Boston Mortgage Securities Corporation's commercial mortgage pass-through certificates, series 2004-C3. A detailed list of rating actions ...

and more »


NY hearings on "forced" insurance in foreclosure
Lake Placid News
... so-called force-placed insurance have more than tripled since 2004, producing enormous profits for insurers and the banks that take out policies when a homeowner fails to maintain coverage required by the mortgage, according to New York regulators.

and more »


Bank of America Offers Relocation Assistance to Customers Completing Short Sales
National Mortgage Professional Magazine
Bank of America has launched a nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses?between $2500 and $30000?at the completion of a qualifying short sale. The short sale relocation assistance ...

and more »


Boston.com

Report: Fewer US homes foreclosed upon in April
Boston.com
But state-level data point to potentially more home repossessions ahead in Florida and many of the 25 other states where courts are required to sign off on foreclosures. All told, the number of US homes taken back by lenders in April declined 7 percent ...

and more »


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.

and more »


Sun-Sentinel (blog)

Terrell Owens facing foreclosure on South Florida condo
Sun-Sentinel (blog)
By Paul Owers May 18, 2012 02:19 PM Deutsche Bank is going after the temperamental wide receiver, saying he isn't paying the $1.4 million mortgage on his Trump International Beach Resort condo in Sunny Isles Beach, reports Gossipextra.com.

and more »


MGIC Loosens Restricted Markets Requirements
Mortgage Daily
By MortgageDaily.com staff Credit and debt-to-income ratio requirements have been eased in the country's most struggling real estate markets by Mortgage Guaranty Insurance Corp. The move is a result of market improvement. Current guidelines require a ...



Florida's Realtors advocate for homeownership in nation's capital
Destin Log
Realtors from Florida and across the US ? more than 10000 strong ?gathered at the Washington Monument in the nation's capital today to highlight the importance of housing and homeownership to the nation's economic recovery. The ?Rally to Protect the ...

and more »


TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
TexasLending.com (NMLS # 137773) provides expert service in the field of residential mortgages. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado.

and more »


AXcess News

Foreclosures down, short sales up. Are banks getting smart?
AXcess News
Homeowners get to shed their mortgage debt faster - and with less damage to their credit rating. Short sales began outpacing foreclosures in some states late last year. Six states saw more preforeclosure sales - typically, short sales - than ...

and more »


New sales associate at Champion Realty
The Star Democrat
Owens has 30 years experience in the real estate industry in Maryland, Florida and North Carolina. She has worked with several national homebuilders and major mortgage bankers. Owens attended Chesapeake College and the University of North Florida, ...



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.

and more »

News :

Increasing Mortgage Rates Threaten Thousands of Brits with Home-Loss
Virtual-Strategy Magazine
RoadFish.com men's lifestyle and finance magazine today articulated its hope that rising UK mortgage rates is pure speculation, in response to learning that a jump even as small as 20 pounds a month (equivalent to $31 in US) could put more than 100000 ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Manufacturing Digital (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


Increasing Mortgage Rates Threaten Thousands of Brits with Home-Loss
DigitalJournal.com (press release)
RoadFish.com men's lifestyle and finance magazine today articulated its hope that rising UK mortgage rates is pure speculation, in response to learning that a jump even as small as 20 pounds a month (equivalent to $31 in US) could put more than 100000 ...

and more »


Residents get a helping hand as Trafford Council and Lloyds TSB join forces
Messenger Newspapers
The five per cent deposit is signifcantly less than the 25 per cent normally needed by most mortgage providers, and mortgage rates will also be lower for users of this product, than is traditionally available for a small deposit value.

and more »


PR Web (press release)

Increasing Mortgage Rates Threaten Thousands of Brits with Home-Loss
PR Web (press release)
RoadFish.com men's lifestyle and finance magazine today articulated its hope that rising UK mortgage rates is pure speculation, in response to learning that a jump even as small as 20 pounds a month (equivalent to $31 in US) could put more than 100000 ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review Canada (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review India (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
African Business Review (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review Australia (press release)
SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ...

and more »


Keystone Real Estate: Give your property an advantage
Summit Daily News
2) Even with rates as good as they currently are, a seller may offer to buy down the interest rate on the purchaser's mortgage. This option may be variable depending on the mortgage. 3) Sellers can offer to carry a second mortgage.

and more »


OSFI Official Defends its Mortgage Guidelines
Canadian Mortgage Trends
HELOC growth has ?contributed significantly to growing overall household debt?If (or when) housing prices drop, households would be vulnerable.? (Two fair questions would be: how many households and how vulnerable? We have anecdotal evidence, ...



My Refi's a HELOC. Anything Wrong With That?
Fox Business
Home equity lines of credit, or HELOCs, and home equity loans are secured by the property. To the extent allowed by the tax code, based on the size and use of the loan proceeds, the interest expense is tax deductible. Home equity lines and loans used ...



Banks Not Immune to Housing-Related Failures: Corporate Canada
Bloomberg
HELOC Rules OSFI's guidelines suggest lenders limit home-equity lines of credit to 65 percent of the property's value. The regulator also recommends that HELOCs be paid off over a specific amortization period, like conventional mortgages.

and more »


Dollars & Sense: What is HELOC?
KHON2
"A home equity line of credit - or HELOC - is basically a line of credit that's secured with a person's equity in their home," explains Lance Oribio of Central Pacific Bank. There are several different versions of a HELOC.



A lien can hit your home-equity line
MarketWatch
In other words, the first lien holder may not know of the HELOC, and the HELOC lender won't know of a third or even a fourth lien. What's more, they usually don't care because if the first mortgage goes into foreclosure, lien holders are paid in the ...



Investors' remorse
Winnipeg Free Press
Five years ago, at the peak of the stock market, their financial adviser persuaded them to use a home equity line of credit (HELOC) to borrow $140000 to invest in mostly equity mutual funds. "I should have retired last June, but because of this problem ...



Borrow From My Home Equity -- Just in Case?
Fox Business
A home equity loan is different from a home equity line of credit, or HELOC. I think you're actually asking about a HELOC. A line of credit can be a better financial backstop because with a line of credit, you don't have to borrow the full amount ...



Spring Mortgage Market Update (2012)
Move Smartly
The consensus view is that this change unfairly punishes the many borrowers who use their HELOCs responsibly in order to protect our financial system from the minority of HELOC borrowers who do not. We simply cannot ignore the fact that HELOCs were the ...

and more »


Members of Bank Fraud Ring Sentenced in $3.7 Million Scam
Mortgage Daily
ATLANTA?After three days of hearings, United States District Judge William S. Duffey, Jr. today concluded the sentencings of six co-conspirators involved in a $3.7 million dollar bank fraud ring involving home equity lines of credit (HELOCs).

and more »


Canadian Regulators Taking Closer Look At HELOCs
Wall Street Journal
Home equity lines of credit, or HELOCs, have soared in recent years, even after similar lending helped fuel the ill-fated US housing market bubble. Canada's largest banks--which have generally won praise for conservative lending that protected them ...