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News :

Mergers and acquisitions
Minneapolis Star Tribune
5/11 Patagonia Investment SA Empresas Iansa SA Sugar producer Empresas Iansa SA bought 95 percent of Chile Santiago, Chile the shares of holding company Patagonia Investment SA from Wayzata-based Cargill Inc. 5/14 Residential mortgage Nationstar ...



Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Albany Times Union
The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and improperly arrange for commissions for themselves or their affiliates on force-placed policies. On May 17, 2012, ...

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Hires and Promotions (May 19, 2012)
In-Forum
Angela Searls has joined Valley Mortgage, 3301 13th Ave. S., Fargo, as a mortgage banker. Searls graduated from the University of Minnesota Carlson School of Management with a bachelor's degree in business. She has 16 years of sales experience.

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Politics in Minnesota: The Weekly Report Vol. 7, Issue 40 ? 5/18/2012
Politics in Minnesota
As this is written, GOP activists from all over the state are flocking to St. Cloud for the Republican Party of Minnesota's 2012 state convention, and many among them are sorely riled by the performance of the Republican majorities that controlled the ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Virtual-Strategy Magazine
The Complaint alleges that Citibank and Midland Mortgage routinely force-place excessive amounts of flood insurance on borrowers, and improperly arrange for commissions for themselves or their affiliates on force-placed policies. On May 17, 2012, ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
DigitalJournal.com (press release)
On May 17, 2012, Nichols Kaster, PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that Citibank ...

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Nichols Kaster, PLLP Files Class Action Against Citibank and Midland Mortgage ...
Insurance News Net (press release)
On May 17, 2012 , Nichols Kaster , PLLP filed a class action lawsuit in the Northern District of New York on behalf of Plaintiff Gordon Casey and other borrowers with mortgages serviced by Citibank or Midland Mortgage. The Complaint alleges that ...

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FHA Mortgages For Condos : Guidelines About To Loosen?
The Mortgage Reports
For buyers of condominiums in places like Chicago, Illinois; New York City, New York; or Minneapolis, Minnesota, the FHA's popular 3.5% low-downpayment mortgage program has been elusive. Because of the FHA's strict condo requirements, few buildings are ...

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Mortgage Electronic Registration Systems, Inc. vs Carrillo
Farmington Independent
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION. to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, ...

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April foreclosures a mixed bag
Minneapolis Star Tribune
While Minnesota's foreclosure rate has consistently been below the national average, recent increases in the number of default notices that are being sent to homeowners suggest that the number of homeowners who can't pay their mortgage remains elevated ...

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Honolulu Star-Advertiser

A Parade of New Home Trends
Honolulu Star-Advertiser
By Karen Nakamura Posted in: BIA The 56th annual BIA-Hawaii Parade of Homes is Hawaii's biggest open house of new homes held statewide. This year's parade is Oct. 6, 7, 13 and 14. The printed guidebook will be distributed in the Sunday, Sept.

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KSDK

Local woman sentenced for scamming Hawaiian homeowners
KSDK
St. Louis (KSDK) - A St. Louis woman has been sentenced for scamming more than 80 people in Hawaii. Marien Brown was sentenced to 18 months in prison and ordered to pay $250000 in restitution for falsely operating a "mortgage rescue" service.

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KMOX.com

Local Woman Sentenced Involving Mortgage Foreclosure Scam
KMOX.com
Brown researched and identified groups of vulnerable homeowners in Hawaii that were one or more mortgage payments behind, or were in imminent risk of home foreclosure, and sent out a large number of unsolicited mailings to prospective clients claiming ...

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Wentzville Woman Sentenced in $250000 Credit Scam
Patch.com
Brown researched and identified groups of homeowners in the state of Hawaii that were one or more mortgage payments behind, or were in imminent risk of home foreclosure. She then sent out a large number of unsolicited mailings to prospective clients ...

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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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Hawaii's average credit card debt declined 4% in April
Bizjournals.com
Hawaii homeowners had the highest mortgage debt in the nation in April, with an average of $310199, CreditKarma.com said. California had the second highest mortgage debt at $303745, while West Virginia residents had the lowest average mortgage debt at ...

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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 ...

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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 ...

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Credit Karma: Card and mortgage debt down, but so are scores
Bizjournals.com
In California in April, the average consumer had $5674 in credit card debt, $303745 in mortgage debt (higher than any state except Hawaii, with $310199), $15439 in auto debt, $29069 in student loans and a typical credit score of 676.

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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.

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News :

3 Consecutive Quarters of Mortgage Employment Growth
Mortgage Daily
Mortgage employment swung from a first-quarter 2011 net loss of more than 1800 jobs. The statistics were determined based on activity tracked by Mortgage Daily. First-quarter layoffs jumped by nearly two thirds from the second quarter and were heavily ...



Mortgage hike hits finances of households
The Independent
Tim Moore, senior economist at Markit, said: "The UK economy continues to stutter through the second quarter, with respondents signalling an overall stagnation of workplace activity. The view from the coalface suggested that weakness in manufacturing ...

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AMP mortgage bonds pricey
Banking Day (registration)
Last week produced two issues of residential mortgage-backed securities ? a rather rare class these days ? with the second of these issues, from AMP Bank, faring worse than the RMBS sold by Westpac earlier in the week. AMP Bank priced its latest issue ...



Dragas Mortgage Company Selects JASE Group LLC as Advertising Agency of Record
Exec Digital (press release)
New Dragas Mortgage advertising initiatives are expected to debut across Virginia in the late second quarter of 2012 with ambitions of expanding the Dragas Mortgage client services to regional and national prominence. Dragas Mortgage Company President, ...

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Dragas Mortgage Company Selects JASE Group LLC as Advertising Agency of Record
PR.com (press release)
New Dragas Mortgage advertising initiatives are expected to debut across Virginia in the late second quarter of 2012 with ambitions of expanding the Dragas Mortgage client services to regional and national prominence. Dragas Mortgage Company President, ...

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U.S. seeks to make refinancing easier
Rochester Democrat and Chronicle
Many folks whose attempts to refinance high-interest mortgages were stymied by declining home values now have a second chance. The federal government has broadened criteria for a program known as the Home Affordable Refinance Program.

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US seeks to make refinancing easier
Rochester Democrat and Chronicle
Many folks whose attempts to refinance high-interest mortgages were stymied by declining home values now have a second chance. The federal government has broadened criteria for a program known as the Home Affordable Refinance Program.

and more »


Dragas Mortgage Company Selects JASE Group LLC as Advertising Agency of Record
PR Urgent (press release)
New Dragas Mortgage advertising initiatives are expected to debut across Virginia in the late second quarter of 2012 with ambitions of expanding the Dragas Mortgage client services to regional and national prominence. Dragas Mortgage Company President ...



CoreLogic To Announce Second Quarter 2012 Financial Results
Business Review Europe (press release)
SANTA ANA, Calif., May 18, 2012 /PRNewswire/ -- CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, confirmed today that it will release its second quarter 2012 financial results after the market close on Monday, ...

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CoreLogic To Announce Second Quarter 2012 Financial Results
Exec Digital (press release)
SANTA ANA, Calif., May 18, 2012 /PRNewswire/ -- CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, confirmed today that it will release its second quarter 2012 financial results after the market close on Monday, ...

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On the move
The Seattle Times
Bedford has more than 30 years of experience in the mortgage industry and is a board member for the Washington Mortgage Lenders Association. He also has served as vice president and regional manager for Cherry Creek Mortgage and was an executive at ...



FHA ready to ease rules for mortgages on condos
Boston Herald
By Kenneth R. Harney / The Nation's Housing WASHINGTON ? Thousands of condo unit owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing ...

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NOLA.com

Cut in USDA rural development loan program may hurt Louisiana towns
NOLA.com
By Rebecca Mowbray, The Times-Picayune A number of suburban New Orleans communities may be declared ineligible to participate in a popular government-backed rural home loan program this fall, limiting mortgage options for prospective homebuyers.



FHA MAY EASE REGULATIONS FOR MORTGAGES ON CONDOS
U-T San Diego
By Union-Tribune Thousands of condo unit owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing Administration is readying changes to its ...

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NATION'S HOUSING: FHA may ease rules for mortgages on condos
Scranton Times-Tribune
By KENNETH R. HARNEY (The Washington Post) WASHINGTON - Thousands of condo unit owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing ...

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FHA may loosen limits on condo mortgages
Los Angeles Times
By Kenneth R. Harney WASHINGTON ? Thousands of condominium owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing Administration is readying ...

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Homebuilder confidence highest since recession
Indianapolis Star
WASHINGTON -- Homebuilder sentiment improved in May to the highest reading since the recession on an upturn in sales and traffic. The National Association of Home Builders/Wells Fargo housing market index rose to 29 from 24 in April.

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An unusual friendship:Botswana
Jamaica Gleaner
She was from Botswana. I met her in 1984 at a housing symposium held at George Washington University in Washington, DC, administered and sponsored by USAID. I was then the director of mortgage operations at the National Housing Trust.



Special programs to reduce principal on mortgages are attracting praise ...
Florida Times-Union
Some economists and politicians have argued for years that the only way to revive the housing market and jumpstart the economy is to vastly reduce the amount Americans owe on their mortgages. But lenders have balked at writing down debts.

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Mortgage Fraud Ring Busted - Five Plead Guilty and One Man Indicted
Examiner.com
Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and James W. McJunkin, Assistant Director in Charge of the FBI's Washington Field Office, made the announcement. According to the four-count federal indictment returned on ...

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