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News :

East Bridgewater man hits lottery for $4 million
The Patriot Ledger
He plans to pay off his mortgage with the winnings. Joseph Walls of East Bridgewater claimed a top prize Thursday in the Massachusetts State Lottery's $10 instant game $5000 A Week For Life. He is the second lucky player to win a $5000 a week for life ...



Massachusetts House of Representatives advances foreclosure legislation
Lexology (registration)
?By passing this bill, the House has made an important commitment toward helping struggling homeowners in Massachusetts and moving our economy forward,? said Rep. Costello. The House bill builds on ?An Act Relative to Mortgage Foreclosures,? signed ...

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Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
Maine's foreclosure rate of one of every 6332 units placed it among the lowest in the country, and considerably lower than nearby states New Hampshire (one of every 846) and Massachusetts (one of every 887). RealtyTrac chief executive Brandon Moore ...

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Insurance you don't need
Wink News
"My husband was my best friend and I lived for him," Pam Denham told us about her husband, retired Rochester, Massachusetts police chief, Walter. They bought a house and retired in Southwest Florida. When they were closing on their mortgage, ...



Ex-lawyer pleads guilty in RI to Ponzi scheme
BusinessWeek
A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday that 52-year-old ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
MSN Money
PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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Ex-lawyer pleads guilty in RI to Ponzi scheme
CNBC.com
PROVIDENCE, RI - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday ...

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Hammond Partners With Wells Fargo, Forms New Mortgage Co.
Banker & Tradesman
Chestnut Hill-based Hammond Residential Real Estate has launched a joint venture with Wells Fargo Home Mortgage to originate, process and fund mortgage loans for buyers and sellers. The joint venture, Massachusetts Residential Mortgage, LLC, ...

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Massachusetts Delinquency Rate Drops Almost 1 Percent In Q1
Banker & Tradesman
The delinquency rate for mortgage loans on residential properties in Massachusetts dropped to 7.32 percent at the end of the first quarter of 2012, a decrease of 87 basis points from the fourth quarter of 2011, according to the Mortgage Bankers ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
CBS News
PROVIDENCE, RI ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday ...

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Hires and Promotions (May 19, 2012)
In-Forum
Heinz graduated from the North Dakota State College of Science, Wahpeton. Larson also graduated from NDSCS and has more than eight years of experience in the electrical construction industry. Angela Searls has joined Valley Mortgage, 3301 13th Ave.

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Blue Cross Names New President
Albuquerque Journal (subscription)
BISMARCK, ND ? North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas, state officials said this week. North Dakota oil drillers pumped 17.8 million barrels in March, with a daily average of ...

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Law officer housing gets boost in ND oil patch
Dickinson Press
AP - WILLISTON, ND Attorney General Wayne Stenehjem (STEHN'-juhm) says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the state's booming western oil patch, where housing ...

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Housing for Police Officers
KFYR-TV
Counties in North Dakota`s oil country need more cops and deputies. But it`s not easy to hire someone when they can`t find a place to live. This week, the state unveiled what`s called the "Law Enforcement Pilot Program," which will enable officers in ...

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Law officer housing gets boost in ND oil patch
Grand Forks Herald
AP - WILLISTON, ND Attorney General Wayne Stenehjem (STEHN'-juhm) says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the state's booming western oil patch, where housing ...

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Law officer housing gets boost in oil patch
WDAY
WILLISTON, ND (AP) ? Attorney General Wayne Stenehjem (STEHN'-juhm) says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the state's booming western oil patch, ...

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Housing: State to Subsidize $3M in Law Enforcement Housing
LoanSafe
WILLISTON (Source Amy Dalrymple Dickinson Press, ND (MCT) ? Attorney General Wayne Stenehjem announced Wednesday he's directing $3 million from the state's share of a lawsuit settlement to subsidize housing for law enforcement in the Oil Patch.

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State to use $3 million to subsidize housing for law officers in North ...
The Republic
AP WILLISTON, ND ? Attorney General Wayne Stenehjem (STEHN'-juhm) says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the state's booming western oil patch, where housing ...

and more »


$3 million directed for subsidized law enforcement housing in Oil Patch
Grand Forks Herald
WILLISTON, ND ? Attorney General Wayne Stenehjem announced Wednesday he's directing $3 million from the state's share of a lawsuit settlement to subsidize housing for law enforcement in the Oil Patch. Stenehjem, speaking at the Bakken Housing ...

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Law officer housing gets boost in North Dakota oil patch
Bismarck Tribune
AP | Posted: Thursday, May 17, 2012 10:28 am | (4) Comments WILLISTON, ND ? Attorney General Wayne Stenehjem says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the ...

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News :

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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Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
Vermont, Connecticut, Pennsylvania, Minnesota, Mississippi, Alabama and Oregon have not announced how they are using the funds. I can tell you that Vermont's budget is sort of under control, the way it usually is (we always assume we need wiggle room ...

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Va panel hears mortgage exec's appeal
KTTC
More >> Some residents of the Quebec town of Stanstead are upset about plans in Vermont to erect two industrial-size wind turbines just south of the border. One would be about 1000 feet from some Canadian and Vermont homes.More >> Some residents of the ...

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Va panel hears mortgage exec's appeal
KATV
More >> Some residents of the Quebec town of Stanstead are upset about plans in Vermont to erect two industrial-size wind turbines just south of the border. One would be about 1000 feet from some Canadian and Vermont homes.More >> The winds blowing ...

and more »


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 ...

and more »


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 ...

and more »


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 ...

and more »


vtdigger.org

Digger Tidbits: Let the games begin
vtdigger.org
Wilton, a UVM grad and native Vermonter, has worked in the banking industry as a mortgage loan originator and as an adviser for the Vermont Small Business Development Center. Pearce, for her part, has never run for office. She was appointed as state ...

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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 ...

and more »


Shafted! Why are Homeowners Still Left to Struggle Against Big Banks Alone?
AlterNet
?These banks will put billions of dollars towards relief for families across the nation,? President Obama said. ?They'll provide refinancing for borrowers that are stuck in high interest rate mortgages. They'll reduce loans for families who owe more on ...

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Shafted! Why are Homeowners Still Left to Struggle Against Big Banks Alone?
AlterNet
?These banks will put billions of dollars towards relief for families across the nation,? President Obama said. ?They'll provide refinancing for borrowers that are stuck in high interest rate mortgages. They'll reduce loans for families who owe more on ...

and more »


Mortgage-aid revisions paying off for lenders and some borrowers
NewsOK.com
The revisions to the Obama administration's 3-year-old Home Affordable Refinance Program have yielded mixed results for homeowners, according to analysts and mortgage professionals. Some responsible homeowners are indeed getting lower-interest loans ...

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Obama, Romney both shy about economic specifics
Mainichi Daily News
WASHINGTON (AP) -- By all accounts, economic issues will determine whether President Barack Obama wins a second term or is ousted in favor of Republican challenger Mitt Romney. But voters, especially the independents who will decide the outcome of the ...

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FHA may ease mortgage rules for condos
The Seattle Times
According to condo experts, real-estate agents, lenders and builders, the rules have become overly strict and have cut off buyers from their best source of low-cost mortgage money, frustrating the real-estate recovery the Obama administration says it ...

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FHA may ease rules for mortgages on condos
MiamiHerald.com
According to condominium experts, realty agents, lenders and builders, FHA's rules have become overly strict and have cut off unit buyers from their best source of low-cost mortgage money, thereby frustrating the real estate recovery that the Obama ...

and more »


Obama, Romney both shy about economic specifics
Jakarta Post
By all accounts, economic issues will determine whether President Barack Obama wins a second term or is ousted in favor of Republican challenger Mitt Romney. But voters, especially the independents who will decide the outcome of the November election, ...

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Obama Assets Valued Between $2.6M and $8.3M
Washington Informer
Royalties from Obama's books, "Dreams From My Father," ''The Audacity of Hope" and "Of Thee I Sing," totaled between $250000 and $2.1 million. The Obamas have a 30-year mortgage on their Chicago home worth between $500000 and $1 million with an ...

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Condo sales may become easier if FHA revises rules governing mortgages
Washington Post
According to condominium experts, realty agents, lenders and builders, FHA's rules have become overly strict and have cut off unit buyers from their best source of low-cost mortgage money, thereby frustrating the real estate recovery that the Obama ...

and more »


Michelle Obama speaks to Paralympians and Olympians to get kids more active
Examiner.com
The White House today released a transcipt of Michelle Obama's speech to Team USA, Olympians and Paralympians to promote the Partnership for a Healthier America. The partnership is gearing up to promote getting kids more active to combat childhood ...

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