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News :

Borrowers pass up foreclosure review
KPLC-TV
(Source: CNN) (CNN) - Borrowers are passing up the chance to have their foreclosure cases checked for mistakes. An article in the USA Today highlights the matter. The review could help people get hundreds of thousands of dollars in restitution.



CBS 3 Springfield - WSHMBorrowers pass up foreclosure review
WSHM-TV
(Source: CNN) (CNN) - Borrowers are passing up the chance to have their foreclosure cases checked for mistakes. An article in the USA Today highlights the matter. The review could help people get hundreds of thousands of dollars in restitution.

and more »


Borrowers pass up foreclosure review
WGCL Atlanta
(Source: CNN) (CNN) - Borrowers are passing up the chance to have their foreclosure cases checked for mistakes. An article in the USA Today highlights the matter. The review could help people get hundreds of thousands of dollars in restitution.

and more »


KCTV 5Borrowers pass up foreclosure review
KCTV Kansas City
(Source: CNN) (CNN) - Borrowers are passing up the chance to have their foreclosure cases checked for mistakes. An article in the USA Today highlights the matter. The review could help people get hundreds of thousands of dollars in restitution.

and more »


Lawyers prey on foreclosure-facing homeowners in San Fernando Valley...
Los Angeles Daily News
Breen is among more than 1000 potential victims of attorneys across the state who are targeting homeowners facing foreclosure as part of the fallout of the mortgage crisis that began in 2007. These attorneys charge fees with the promise of stopping the ...

and more »


Decreases seen in mortgage delinquencies
Home Channel News
Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31, 2012 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.



New York Hearings on 'Forced' Insurance in Foreclosure
Insurance Journal
In some cases, the premiums are ?exponentially higher? than regular homeowners insurance and can push homeowners into foreclosure, Department of Financial Services Superintendent Benjamin Lawsky said last Thursday at the start of public hearings on ...

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Foreclosure Threatens Hopkins Church
CBS Local
The West Oaks Community Church in Hopkins is facing the threat of foreclosure. The sanctuary of West Oaks Community Church is where its members find faith. It is the place they pray for the impossible, and it's also where they're trying to make their ...



Church That Supported Marriage Equality At Risk Of Foreclosure
Lez Get Real
According to Reverend Oliver White, the pastor at Grace Community United Church of Christ in St. Paul, ?Technically, we should be packing.? The church is likely to default on a high interest loan that they took out. On 1 June, the church will default ...

and more »


Washington Times

Housing deal bust upsets Fairfax County supervisors
Washington Times
By David Sherfinski Fairfax County lost about $2.4 million on a Reston housing complex that went into foreclosure several years ago - news that was not formally relayed to the county's Board of Supervisors until this year. ?You don't lose [that amount] ...



Lawyers prey on foreclosure-facing homeowners in San Fernando Valley...
Los Angeles Daily News
By CJ Lin, Staff Writer Paulette Breen, seen in the living room of her Van Nuys home, is the victim of unscrupulous lawyers feeding off the mortgage crisis in California. (John McCoy/Staff Photographer) Paulette Breen sensed something was wrong when ...

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NRMLA Western Conference Recap: HUD, Financial Planners on Reverse Mortgages
Reverse Mortgage Daily
From Department of Housing and Urban Development officials to financial planners and new industry participants, close to 200 reverse mortgage professionals gathered last week in Irvine, California for the National Reverse Mortgage Lenders Association's ...



Lawyers prey on foreclosure-facing homeowners in San Fernando Valley and beyond
Los Angeles Daily News
By CJ Lin, Staff Writer Paulette Breen, seen in the living room of her Van Nuys home, is the victim of unscrupulous lawyers feeding off the mortgage crisis in California. (John McCoy/Staff Photographer) Paulette Breen sensed something was wrong when ...

and more »


Special programs to reduce principal on mortgages are attracting praise ...
Florida Times-Union
In addition, Fannie Mae and Freddie Mac, the government-backed mortgage giants that control the majority of mortgages in the state, will now allow loans to be paid down by the California program. Before, when a lender contribution was required, ...

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Los Angeles Times

Foreclosure-prevention efforts face obstacles in Sacramento
Los Angeles Times
Jerry Brown wants to use part of California's share of the national mortgage settlement to trim the state's budget deficit. Gov. Jerry Brown wants to use $410 million of the national mortgage settlement to trim a $16-billion deficit in his proposed ...

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"The Keys to Finishing 2012 as Successfully as You Started It"
Business Review Canada (press release)
Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage ...

and more »


Federal Attack On Calif. Mortgage Overhaul Spurs Debate
Law360 (subscription)
By Erin Coe Law360, San Diego (May 18, 2012, 8:23 PM ET) -- A federal home loan regulator's criticism of California's mortgage reform proposals is fueling a debate between opponents who claim the legislation could increase litigation for lenders and ...



Lenders less leery of reducing homeowners' principal
The Republic
In addition, Fannie Mae and Freddie Mac, the government-backed mortgage giants that control the majority of mortgages in the state, will now allow loans to be paid down by the California program. Before, when a lender contribution was required, ...

and more »


FHA's streamlined refinance program can save borrowers thousands
San Francisco Chronicle
Mortgage broker: David Cary, California Mortgage Advisors, Sausalito, (800) 400-2772, davidcary.com. Property type: An owner-occupied single-family residence in Benicia. Appraised value: No appraisal required. Borrowing amount: $539000.

and more »


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.

and more »

News :

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 »


Maine budget cuts target Medicaid
Foster's Daily Democrat
PORTLAND, Maine ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when the Legislature votes ...

and more »


Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
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. Idaho, Utah, Nebraska, Kansas, Wisconsin, North Carolina, Maine and West ...

and more »


Rep. Cummings Introduces Bill to Improve Protections for Service Members ...
Targeted News Service (subscription)
Elijah Cummings, D-Md., has introduced legislation (HR 5747) to amend the Servicemembers Civil Relief Act to "improve the protections for service members against mortgage foreclosures." The bill was introduced on May 15 and has nine co-sponsors.

and more »


EDITORIAL: Morgan Gives Fresh Urgency to Volcker Rule
LoanSafe
(Source: Sun Journal, Lewiston, Maine (MCT) ? There is a very good reason the US government regulates banks: Taxpayers guarantee their deposits, something we started doing after the Great Depression. The downside is that when really big bankers make ...

and more »


Bangor council votes to take Pearl Street house, extend outdoor drinking hours
Bangor Daily News
The couple owes $133074 in mortgage and tax payments. Buy Photo By Andrew Neff, BDN Staff BANGOR, Maine ? The City Council sent a clear sign Monday night that it's the end of the road for a Bangor couple that owes $133074 in mortgage and tax payments.

and more »


Maine budget cuts target Medicaid
Seacoastonline.com
By Clarke Canfield AP PORTLAND, Maine ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when ...

and more »


Ellendale man sentenced to 6 years in prison
Albert Lea Tribune
The criminal activity took place under the business names Blackstone Sales and Maine Estates. His partner was mortgage broker Richard Mathew Laho, 55, of Buffalo. According to a news release from the US Attorney's Office, Prieskorn admitted he and Laho ...

and more »


Press Herald

Maine budget cuts target Medicaid
Press Herald
Paul LePage speaks at the Maine GOP convention. In his effort to cut state spending, Gov. LePage proposed revamping the stateís Medicaid program. Supporters of the cuts say spending is unsustainable and that Maine provides Medicaid coverage to 35 ...

and more »


Maine budget cuts target Medicaid
NECN
PORTLAND, Maine (AP) ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when the Legislature ...

and more »


Mortgage Holder Lands Wilson Estates Buildings
LoanSafe
(MCT) ? Three foreclosed office buildings at Wilson Estates went to their mortgage-holder at a sheriff's sale on Wednesday. Representatives of BACM2006-5 Wichita Offices LLC took over ownership of what are known as the Bank of Kansas building, ...

and more »


Mortgage holder lands Wilson Estates buildings
Kansas.com
By Dan Voorhis Three foreclosed office buildings at Wilson Estates went to their mortgage-holder at a sheriff's sale on Wednesday. Representatives of BACM2006-5 Wichita Offices LLC took over ownership of what are known as the Bank of Kansas building, ...

and more »


Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
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. Idaho, Utah, Nebraska, Kansas, Wisconsin, North Carolina, Maine and West ...

and more »


US housing starts rose to 717000 in April
Green Bay Press Gazette
Construction workers work on different floors while building an apartment complex in Lawrence, Kansas, Wednesday, May 16, 2012. US builders started work on more homes and apartments last month and requested more permits to build single-family homes.

and more »


US housing starts rose to 717000 in April
Rochester Democrat and Chronicle
Construction workers work on different floors while building an apartment complex in Lawrence, Kansas, Wednesday, May 16, 2012. US builders started work on more homes and apartments last month and requested more permits to build single-family homes.

and more »


Atlanta Journal Constitution

US housing starts rose to 717000 in April
Atlanta Journal Constitution
Construction workers work on different floors while building an apartment complex in Lawrence, Kansas, Wednesday, May 16, 2012. US builders started work on more homes and apartments last month and requested more permits to build single-family homes.

and more »


US builders started work on more homes in April, reflecting growing confidence ...
Newser
Construction workers work on different floors while building an apartment complex in Lawrence, Kansas, Wednesday, May 16, 2012. US builders started work on more homes and apartments last month and... (Associated Press) Construction workers build an ...

and more »


US housing starts rose to 717000 in April
Montgomery Advertiser
Construction workers work on different floors while building an apartment complex in Lawrence, Kansas, Wednesday, May 16, 2012. US builders started work on more homes and apartments last month and requested more permits to build single-family homes.

and more »


US housing starts rose to 717000 in April
Kansas.com
Construction workers work on different floors while building an apartment complex in Lawrence, Kansas, Wednesday, May 16, 2012. US builders started work on more homes and apartments last month and requested more permits to build single-family homes.

and more »


US housing starts rose to 717000 in April
The Courier-Journal
Construction workers work on different floors while building an apartment complex in Lawrence, Kansas, Wednesday, May 16, 2012. US builders started work on more homes and apartments last month and requested more permits to build single-family homes.

and more »