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News :

Local business
Mail Tribune
Consumer Credit Counseling Service of Southern Oregon is offering a reverse mortgage class on Tuesday, May 22. Reverse mortgages are for people 62 years or older who want to tap into the equity of their homes. The class begins at 5 pm at 820 Crater ...



Friday Round-Up: Reverse Mortgages In The News, New LO Comp Concerns
Reverse Mortgage Daily
Reverse mortgage products made headlines? From a CBS local TV news segment to financial planning publication Registered Rep and mainstream outlet CNBC, coverage this week included an in depth look into reverse mortgages, in some cases presenting an ...



MarketWatch

Reverse mortgages provide needed cash
MarketWatch
By Robert Powell, MarketWatch BOSTON (MarketWatch) ? If you watch TV, you've probably seen some of the well-known actors who've promoted reverse mortgages, a financial product aimed mainly at older homeowners. There's Henry Winkler, Fred Thompson, ...



Va panel hears mortgage exec's appeal
Lake Wylie Pilot
By ZINIE CHEN SAMPSON - AP A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send his case back for a retrial.

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NCOA to Congress: Take Note of a New Trend in Reverse Mortgage Borrowers
Reverse Mortgage Daily
While some lenders are now marketing to the reverse mortgage borrower who is not looking for a long-term financial fix, some industry affiliates are also beginning to note the potential for a new type of borrower to emerge.



Free Health & Wellness Lectures in June
SCVNEWS.com
June 6 - ?Senior Home Ownership, Mortgages and Loan Information,? presented by Candy Stone Watson, Reverse Mortgage Consultant for 1st Reverse Mortgage USA, Betty Wright, Real Estate Loan Officer for Lockheed Federal Credit Union, and Rick Mahn of ...



Reverse Mortgage Lenders are Gearing up For Growth, Now Hiring
Reverse Mortgage Daily
Reverse mortgage lenders are hiring now more than ever following big bank exits from the business. The list of lenders on the search has grown to include companies large and small, from phone originators to boots-on-the ground.



Akron Leader Publications

Where will most boomers go if they don't age in place?
Akron Leader Publications
In the column on Page 36, we discussed the benefits of combining Social Security payments, securities portfolios and a reverse mortgage early into a retirement plan. A significant percentage of older homeowners, plus their children ? the 79 million ...



Va panel hears mortgage exec's appeal
Review seeker (press release)
(AP) ' A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send his case back for a retrial. An attorney for former Taylor, ...

and more »


Va. panel hears exec's appeal
Delmarva Daily Times
AP RICHMOND -- A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial. Former Taylor, Bean & Whitaker ...

and more »


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 ...

and more »


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 ...

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
NECN
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.

and more »


CBS 3 Springfield - WSHMEx-lawyer pleads guilty in RI to Ponzi scheme
WSHM-TV
Entertainment News from AP 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.

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
Boston.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 that ...

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
Ventura County Star
AP PROVIDENCE, RI ? 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.

and more »


Ex-lawyer admits to Ponzi scheme
Providence Eyewitness News
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.

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
WLNE-TV (ABC6)
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.

and more »

News :

Housing: Condo owners, buyers stand to benefit from revisions to FHA rules
Arizona Daily Star
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

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FHA may ease mortgage rules for condos
The Seattle Times
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner-association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

and more »


FHA may ease rules for mortgages on condos
MiamiHerald.com
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

and more »


FHA's streamlined refinance program can save borrowers thousands
San Francisco Chronicle
Loan type: FHA 30-year fixed. Rate: Fixed 3.75 percent. Backstory: Cary's clients thought they were stuck with a much higher interest rate and higher payments because their home had dropped in value below the amount of their mortgage.

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Condo sales may become easier if FHA revises rules governing mortgages
Washington Post
The revisions could remove at least some of the obstacles that have dissuaded condominium association boards from seeking approval or recertification of their buildings for FHA loans during the past 18 months. Under the agency's regulations, ...

and more »


Mortgage Rates: Low Mortgage Rates Decrease Again to New Record Lows
FreeRateUpdate.com
Following the same path and decreasing by .250%, today's FHA 30 year fixed mortgage interest rates are at 3.125%, FHA 15 year fixed mortgage rates are at 2.625% and FHA 5/1 ARM loan rates are at 2.625%. First time home buyers find FHA easy to deal with ...

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Is the government backing a new housing bubble?
MSN Money
Under a plan introduced by President Barack Obama, an FHA-qualifying US homebuyer can apply for a 30-year mortgage with a fixed interest rate of 3.75 percent and a 15-year fixed mortgage at 3 percent. FHA loans require as little as 3.5 percent of the ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Beaumont Enterprise
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the upcoming changes to FHA on June 1st as well as the credit requirement changes for FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Houston Chronicle
CEO and president of TexasLending.com, Kevin Miller, and his co-hosts will discuss the upcoming changes to FHA on June 1st as well as the credit requirement changes for FHA loans on The TexasLending.com Mortgage Hour weekend radio show on KLIF AM radio ...

and more »


TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado. TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, ...

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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 ...

and more »


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 ...

and more »


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 ...

and more »


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 ...

and more »


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 ...

and more »