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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 ...

and more »


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 »


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 ...

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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 ...

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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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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.

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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 ...

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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 :

Maryland builder must repay almost $2 million in plea
WBAL Baltimore
A Maryland builder must repay almost $2 million after having pleaded guilty Friday to conspiracy and comitting bank and wire fraud. Christopher DeBlauw, 44, of Millersville, accepted a plea agreement in a Norfolk, Va., court in which he pleaded guilty ...

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Condo associations can be liable under consumer protection law, Md. court rules
Washington Post
Many would assume the type of bad actors falling under the jurisdiction of that law to be car dealers, grocery stores and even mortgage brokers and lenders. But condominiums? Yes, according to the Maryland Court of Appeals, the state's highest court, ...



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, ...



Maryland restores money for biotechs, stem cell research fund
Gazette.Net: Maryland Community News Online
by Kevin James Shay, Staff Writer For Maryland businesses, this week's special legislative session resulted in a mixed bag, executives say. Legislators restored funding for the biotechnology investment tax credit program and stem cell research fund, ...

and more »


Principal Reductions Won't Solve the Mortgage Mess
Bloomberg
There are 11.1 million residential properties with underwater mortgages, only about 3 million of which are backed by Fannie and Freddie. Almost 80 percent of those 3 million borrowers, however, are current on their mortgage, demonstrating their ...

and more »


Investing Answers

10 States with the Most Seriously Delinquent Mortgages
Investing Answers
But mortgage debt isn't the only problem: Connecticut also ranked fifth in the nation in terms of highest credit card debt per person. 8. Maryland -- 7.14% of outstanding mortgage balances are at least 90 days delinquent Today, 30% of all mortgages in ...



Chief Financial Officer Sentenced in $78 Million Dream Home Mortgage Fraud Scheme
Mortgage Daily
... mortgages on their "Dream Homes" but left them to fend for themselves. Judge Titus also entered an order requiring Nelson to pay restitution of $34340830.13. The sentence was announced by United States Attorney for the District of Maryland Rod J.

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Illinois third in foreclosures despite national improvement
Morris Daily Herald
Almost 7.5 percent of mortgage loans on one- to four-unit residential properties in Illinois were in foreclosure at the end of March, compared with a national average of 4.39 percent, according to data released Wednesday by the Mortgage Bankers ...

and more »


Maryland's New Mortgage Delinquencies Improve
LoanSafe
(Source Jamie Smith Hopkins The Baltimore Sun (MCT) ? The share of Maryland homeowners newly behind on mortgage payments fell to the lowest level for March in four years ? an important milestone because the state's new-delinquency figure is now better ...

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C&F Financial Corporation Announces Quarterly Dividend
Sacramento Bee
... services through its subsidiary C&F Investment Services, Inc. C&F Mortgage Corporation provides mortgage, title and appraisal services through 20 offices located in Virginia, Maryland, North Carolina, Pennsylvania, Delaware and New Jersey.

and more »


Investing Answers

10 States with the Most Seriously Delinquent Mortgages
Investing Answers
Carolina -- 6.07% of outstanding mortgage balances are at least 90 days delinquent The number of seriously delinquent mortgages has almost tripled over the last four years, from 2.09% in Q4 2007, to 6.07% at the end of last year. 9. Connecticut ...



The great foreclosure deception; big banks renege on Obama deal
Examiner.com
The banks want out of the mortgage game, and are taking their pound of flesh as they exit. That pound of flesh is pricier than the finest fillet mignon. Wells Fargo, Bank of America and the other big banks that hold most of the nation's mortgages have ...

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SBT BANCORP INC (CONNECTICUT) : SBT Bancorp Announces Quarterly Dividend
4-traders
The Bank serves customers through full-service offices in Avon, Bloomfield, Granby and Simsbury, Connecticut; a mortgage loan center in Canton; and mortgage loan originators throughout Connecticut; SBT Online internet banking at simsburybank.com; ...

and more »


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 »


Business briefs
Minuteman News Center
He resides in Fairfield, Connecticut with his wife, Ellen, and two sons, Patrick and Brian. Mortgage Master and the Fairfield Chamber of Commerce will host a Business After Hours on Thursday, May 24, from 5:30 to 7:00 pm at One Post Road, Fairfield.

and more »


Business briefs
Minuteman News Center
He resides in Fairfield, Connecticut with his wife, Ellen, and two sons, Patrick and Brian. Mortgage Master and the Fairfield Chamber of Commerce will host a Business After Hours on Thursday, May 24, from 5:30 to 7:00 pm at One Post Road, Fairfield.

and more »


Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
SYS-CON Media (press release)
Mississippi ($4232), Louisiana ($4504) and Alabama ($4811) have the least amount of credit card debt while Connecticut ($6876), Hawaii ($7090) and Alaska ($7096) have the most. Montana paid down its credit card debt the most at 11% to $5572.

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 »


Prologue hires two mortgage investment vets
HFMWeek
Prologue Capital, a $1.7bn Greenwich, Connecticut- and London-based alternative investment firm that manages a discretionary fixed-income strategy, has hired Michael Chapey and Noah Estrin, two industry veterans focused on mortgages investing, ...

and more »