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News :

Gateway Mortgage Expands Into Nebraska Market
National Mortgage Professional Magazine
Gateway Mortgage Group has acquired its largest branch and has entered the Omaha market with its newest location in Omaha, Neb. Mortgage industry veteran, Kent Geschwender will lead the newly acquired branch and its staff of eight seasoned loan ...

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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 ...

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Wyo ranks low for mortgage delinquencies
Casper Star-Tribune Online
... mortgage delinquency rates in the first quarter, according to credit bureau giant TransUnion. Wyoming registered the fourth lowest rate at 2.43 percent, behind North Dakota (1.51 percent), South Dakota (2.11 percent) and Nebraska (2.31 percent).

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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 ...

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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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Berkshire Mortgage Venture Bets on Florida's Rebound
BusinessWeek
By Margaret Collins on May 04, 2012 Berkadia Commercial Mortgage LLC, the joint venture of Warren Buffett's Berkshire Hathaway Inc. (BRK/A) (A) and Leucadia National Corp. (LUK) (LUK), is expanding in Florida as it prepares for an end to the state's ...

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Bloomberg

Berkshire Mortgage Venture Bets on Florida's Rebound
Bloomberg
Berkadia Commercial Mortgage LLC, the joint venture of Warren Buffett's Berkshire Hathaway Inc. (BRK/A) and Leucadia National Corp. (LUK), is expanding in Florida as it prepares for an end to the state's real estate slump. ?Florida in general is on the ...

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National Mortgage Professional Magazine

Greg Redmond to Lead New REMN Branch in Kansas City
National Mortgage Professional Magazine
The new Kansas City location will serve the Kansas City area, as well as Missouri, Tennessee and Nebraska. Redmond is a 25-year veteran of the mortgage industry and a lifelong area resident. A member of the Mortgage Bankers Association (MBA) and the ...

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Munn Re-elected as Chairman of the FFIEC State Liaison Committee
CUinsight.com (press release)
Munn is the Director of the Nebraska Department of Banking and Finance, where he has served since January 2005. The Department supervises state-chartered financial institutions, registered and licensed financial entities including mortgage banking, ...

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Aurora Continues Dismantling
Mortgage Daily
By MortgageDaily.com staff Following word that Aurora Bank FSB is closing its origination unit, laying off more than a hundred Missouri employees and unloading a servicing portfolio -- the company now plans hundreds of layoffs in Indiana and Nebraska.

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CCMC's New Lending-Connector Products are Designed to Carry Loan Workflow ...
Florida Newswire
/Florida Newswire/ ? CCMC Inc., the leading provider of integration solutions for lending systems, announces the availability of its new Lending-Connector? product family. The cutting edge Lending-Connector? products are designed to carry loan workflow ...

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Savannah newsmakers
Savannah Morning News
He served as the director of mortgage lending at HomeTrust Bank in Asheville, NC, and as a vice president and area mortgage sales manager for Fifth Third Bank in southeast Florida. He has also worked in the mortgage division at a number of major ...



Report: Fewer US homes foreclosed upon in April
Greenville News
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. The Associated Press LOS ANGELES ? National foreclosure trends took a positive ...

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Parts of South Florida Under Flood Advisory
NBC 6 Miami
Irene Duda lives on a fixed income but saw her mortgage double when the lender went out and purchased flood insurance on the open market, she says. Duda, who is fighting foreclosure, is far from alone, as thousands of South Florida residents are caught ...

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Report: Fewer US homes foreclosed upon in April
Hattiesburg American
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. The Associated Press LOS ANGELES ? National foreclosure trends took a positive ...

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MORTGAGE DEAL ADDS BONUS TO ENCOURAGE SHORT SALE
U-T San Diego
Bank of America piloted the short-sale incentive program in Florida late last year. This week, the program was opened to all borrowers with loans owned and serviced by the bank. The point of such programs, which are still relatively new, ...

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Weston company invests in bonds for the good
Sun-Sentinel
Cohen, a South Florida native who graduated from Hollywood Hills High School, has been a trader of mortgage-backed securities. At Community Capitol, Cohen said he is proud to invest in bonds that help poor people buy their own homes.

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Weston company invests in bonds for the good
Sun-Sentinel
Cohen, a South Florida native who graduated from Hollywood Hills High School, has been a trader of mortgage-backed securities. At Community Capitol, Cohen said he is proud to invest in bonds that help poor people buy their own homes.

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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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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 ...


News :

Culver in politics again, resurfacing for Obama
Online Athens
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

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Former Iowa Gov. Culver in politics again, resurfacing for Obama
Sioux City Journal
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

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Culver re-emerges at campaign events for Obama
Mason City Globe Gazette
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

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President Obama insisted that Congress help homeowners
Examiner.com
Against the backdrop of a middle-class neighborhood in economically hard-hit Nevada, President Obama touted steps his administration has already taken to help homeowners refinance their mortgages. But the president said he needed help from lawmakers in ...

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eCreditDaily.com

HARP 2.0, Record Low Rates Fuel Refinancing Boom
eCreditDaily.com
The boom is being bolstered by several factors, including surging interest in the enhanced Obama Administration effort to expand historic homeownership affordability to underwater borrowers ? especially those holding mortgages from Fannie Mae and ...

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Obama visit sparks plenty of reactions
Reno Gazette-Journal
?But if you don't have a job, you are not going to be able to afford your mortgage.? That's a good point. Lots of modified loans still foreclose, said Bill Uffelman, president of the Nevada Bankers Association. You can get a lower rate, but you still ...

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Barack Obama's New Slogan: The Buck(s) Stop Here!
Canada Free Press
His assets appear to tally between $2.6 million and $9.9 million. He holds a mortgage on his Chicago home of $500000 to $1 million. As was clear from Obama's income tax filing, much of his income continues to roll in from book royalties.



The Guardian

North Carolina: a study in presidential election polling paradoxes
The Guardian
In these states, approval for Obama's handling of the mortgage crisis was highest in North Carolina at 41%. Part of that can be attributed to the fact that North Carolina has not been hit as hard as other states by the mortgage crisis.

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Culver in politics again, resurfacing for Obama
Muscatine Journal
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

and more »


Culver in politics again, resurfacing for Obama
Quad City Times
He cites his appointment to the credentials committee of the Democratic National Convention and Obama's appointment of him to a seat on the board of the Federal Agriculture Mortgage Corp., known as Farmer Mac. That job pays about $100000 a year, ...

and more »


Democratic Attorney General Candidates Talk Foreclosure, Republican Rivals ...
Huffington Post
One prospective Republican candidate, when contacted by The Huffington Post, seemed unaware that there had been a mortgage settlement. In Montana, Democratic candidate Pam Bucy said her Republican opponents are focusing more on defying Obama than on ...

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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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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 »


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 ...

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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 ...

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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 ...

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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 ...

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Late payments on mortgages fall in first quarter of 2012
Contra Costa Times
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 ...

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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 »