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News :

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 ...

and more »


Foreclosures Fall...And That's a Bad Thing?
TheStreet.com
Foreclosure starts, the first stage in the foreclosure process, fell in April in the hardest hit states of California, Arizona and Nevada, according to Foreclosure Radar. California saw the steepest slide, with Notice of Default filings down nearly 16% ...

and more »


Foreclosures Hit a Record Low
Zacks.com
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 ...

and more »


Citbank /Provident Funding Short Sale CLOSED by The Ballen Group of Keller ...
RealEstateRama (press release)
by Lori Ballen Wekerle The Ballen Group just closed a Short Sale with Provident Funding and Citibank Mortgage for a property on the street: CRISPINIO in Las Vegas. There were two Liens Las Vegas, NV ? May 18, 2012 ? (RealEstateRama) ? The property was ...

and more »


County foreclosures lead state
The Desert Sun
A total of 3850 mortgage default notices, auction sale notices and bank repossessions were recorded countywide in April, translating to 1 in 208 households in some stage of foreclosure, according to Irvine-based RealtyTrac. The number of filings was 12 ...

and more »


Foreclosures plunge to 5-year low in US recovery
Monterey County Herald
The "gradually rising foreclosure tide" forecast by RealtyTrac after a February settlement by the nation's biggest mortgage servicers over faulty practices has yet to materialize, limiting the number of properties on the market and propping up prices.

and more »


Report: Foreclosure filings slow in Utah, US
Salt Lake Tribune
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 a logjam of unpaid mortgages. In Utah, California, Arizona, Nevada and many other ...

and more »


Circus & Eldorado, Reno Casino Operator, Files Bankruptcy
BusinessWeek
By Tiffany Kary and Dawn McCarty on May 18, 2012 Circus & Eldorado Joint Venture, operator of the Silver Legacy Resort Casino in Reno, Nevada, filed for bankruptcy after defaulting on its mortgage debt amid a decline in gaming revenue.

and more »


Circus & Eldorado Joint Venture Seeks Bankruptcy in Nevada
Bloomberg
Circus & Eldorado Joint Venture, operator of the Silver Legacy Resort Casino in Reno, Nevada, filed for bankruptcy after defaulting on its mortgage debt amid a decline in gaming revenue. The joint venture between MGM Resorts International (MGM) and ...

and more »


Mortgage Assistance Workshop
KLAS-TV
By Caroline Bleakley, Online Managing Editor - email LAS VEGAS -- Nevada's unemployment rate fell to 11.7% in April, down from the previous 12% in March. The rate declined for the eighth consecutive month.More>> Nevada's unemployment rate has dipped ...

and more »


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 ...

and more »


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 ...

and more »


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 ...

and more »


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 ...

and more »


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.

and more »


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 ...

and more »

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 ...

and more »


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 »


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 »


Second Montana man admits running Ponzi scheme
Royal Gazette
Missoula, Montana-based mortgage broker Shawn Swor admitted one count of investment fraud under a plea bargain which saw further counts against him dropped. He faces up to 20 years in Federal prison, a $250000 fine and could be ordered to pay more than ...

and more »


Fewer late mortgage payments recorded
Jackson Clarion Ledger
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

and more »


Late payments on mortgages fall to levels seen in 2009
Waterbury Republican American
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

and more »


Late payments on mortgages fall in first quarter of 2012
Pasadena Star-News
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

and more »


Late payments on mortgages fall in first quarter of 2012
Marin Independent-Journal
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

and more »


Late payments on mortgages fall in first quarter of 2012
San Jose Mercury News
All but eight states saw their mortgage delinquency rate decline in the first quarter versus the last three months of last year: Montana, Hawaii, Maine, North Dakota, New York, Maryland, Washington and Delaware. Florida led the nation with the highest ...

and more »


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 ...

and more »


Foreclosures Fall...And That's a Bad Thing?
TheStreet.com
Foreclosure starts, the first stage in the foreclosure process, fell in April in the hardest hit states of California, Arizona and Nevada, according to Foreclosure Radar. California saw the steepest slide, with Notice of Default filings down nearly 16% ...

and more »


Foreclosures Hit a Record Low
Zacks.com
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 ...

and more »


Citbank /Provident Funding Short Sale CLOSED by The Ballen Group of Keller ...
RealEstateRama (press release)
by Lori Ballen Wekerle The Ballen Group just closed a Short Sale with Provident Funding and Citibank Mortgage for a property on the street: CRISPINIO in Las Vegas. There were two Liens Las Vegas, NV ? May 18, 2012 ? (RealEstateRama) ? The property was ...

and more »


County foreclosures lead state
The Desert Sun
A total of 3850 mortgage default notices, auction sale notices and bank repossessions were recorded countywide in April, translating to 1 in 208 households in some stage of foreclosure, according to Irvine-based RealtyTrac. The number of filings was 12 ...

and more »


Foreclosures plunge to 5-year low in US recovery
Monterey County Herald
The "gradually rising foreclosure tide" forecast by RealtyTrac after a February settlement by the nation's biggest mortgage servicers over faulty practices has yet to materialize, limiting the number of properties on the market and propping up prices.

and more »


Report: Foreclosure filings slow in Utah, US
Salt Lake Tribune
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 a logjam of unpaid mortgages. In Utah, California, Arizona, Nevada and many other ...

and more »


Circus & Eldorado, Reno Casino Operator, Files Bankruptcy
BusinessWeek
By Tiffany Kary and Dawn McCarty on May 18, 2012 Circus & Eldorado Joint Venture, operator of the Silver Legacy Resort Casino in Reno, Nevada, filed for bankruptcy after defaulting on its mortgage debt amid a decline in gaming revenue.

and more »


Circus & Eldorado Joint Venture Seeks Bankruptcy in Nevada
Bloomberg
Circus & Eldorado Joint Venture, operator of the Silver Legacy Resort Casino in Reno, Nevada, filed for bankruptcy after defaulting on its mortgage debt amid a decline in gaming revenue. The joint venture between MGM Resorts International (MGM) and ...

and more »


Mortgage Assistance Workshop
KLAS-TV
By Caroline Bleakley, Online Managing Editor - email LAS VEGAS -- Nevada's unemployment rate fell to 11.7% in April, down from the previous 12% in March. The rate declined for the eighth consecutive month.More>> Nevada's unemployment rate has dipped ...

and more »