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News :

Housing and Economic Forecast Brightens
Construction Digital (press release)
WASHINGTON, DC--(Marketwire - May 17, 2012) - Positive underlying economic factors are helping relieve a pent-up housing demand, according to a presentation at a residential real estate forum at the Realtors® Midyear Legislative Meetings & Trade Expo ...

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Five Plead Guilty in Gainesville Mortgage Fraud Scheme
FairfaxNews.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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US 30-year mortgage rate drops to record 3.79%
TriValley Central
WASHINGTON (AP) ? Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

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Mortgage Rates Reach Record Lows for 3rd Straight Week
AOL Real Estate (blog)
By AP | Posted May 18th 2012 10:00AM WASHINGTON -- Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made homebuying and refinancing more affordable than ever for those who ...

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Average rates for 30-year and 15-year fixed mortgages fell to record lows for ...
WLTX.com
Washington, DC (AP via USA Today) -- Average rates for 30-year and 15-year fixed mortgages fell to record lows for a third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

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Mortgage Rates Fall to Another Record Low
WLTX.com
Washington, DC (AP via USA Today) -- Average rates for 30-year and 15-year fixed mortgages fell to record lows for a third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

and more »


30-year mortgage rate falls to 3.79%
South Bend Tribune
WASHINGTON - Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. Mortgage buyer Freddie Mac says the rate on the 30-year loan dipped to 3.79 percent. That's down from 3.83 percent last week and the ...

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Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
By Olga Khazan and Brady Dennis, The Washington Post Wilfredo Lee | AP A no-trespassing sign sits in front a neighborhood called Strawberry Lakes, in Lake Worth, Fla. National foreclosure trends took a positive turn in April, as the number of homes ...

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One lender says low mortgage rates can't pencil out
Puget Sound Business Journal
With housing prices continuing to drop and interest rates at historic lows, banks are driving down their rates on home loans, scurrying to hire loan officers, and opening new loan offices to lure more mortgage customers. But Seattle-based Washington ...



30-year mortgage rate falls to record 3.79%
HeraldNet
By Marcy Gordon, AP WASHINGTON -- Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.

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, ...



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, ...

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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 ...

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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 ...

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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.

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Fewer new mortgage problems in Maryland, more older ones
Baltimore Sun
That's as of March, the newest figures from the Mortgage Bankers Association. There's an argument brewing over why Maryland has a big backlog of pre-foreclosure and foreclosure cases -- the so-called "shadow inventory" that, odds are, will eventually ...

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Mortgage delinquencies at lowest level in five years
AGBeat
Fully 46 states saw improvement in loan performance, as New Jersey, Maryland, Delaware and Washington did not improve. According to the Mortgage Bankers Association's (MBA) National Delinquency Survey, mortgage delinquencies dropped to 7.4 percent of ...

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News :

Flavorwire

10 Jaw-Dropping Homes in Bizarre Places
Flavorwire
Posted on 2:30 pm Friday May 18, 2012 We think Andy Warhol's infamous Silver Factory may have paved the way for the rise of today's most hallowed real estate: the modern industrial live/work loft space. A decadent conversion on the tenth floor of a ...



Democrats' group paying for anti-McCrory ad in NC
News & Observer
AP RALEIGH, NC -- The Democratic Governors Association is bankrolling a television ad in North Carolina markets critical of Republican gubernatorial nominee Pat McCrory and his involvement in a Charlotte-based lending and real estate business.

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Democrats' group paying for anti-McCrory ad in NC
MyrtleBeachOnline.com
AP RALEIGH, NC -- The Democratic Governors Association is bankrolling a television ad in North Carolina markets critical of Republican gubernatorial nominee Pat McCrory and his involvement in a Charlotte-based lending and real estate business.

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Griffin Land & Nurseries names CEO as chairman
BusinessWeek
Griffin Land & Nurseries runs real estate business Griffin Land and Imperial Nurseries, a landscaping business. It also has investments in Centaur Media PLC and privately held Shemin Nurseries Holding Corp. Shares of Griffin Land & Nurseries, ...

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Tourism in Myrtle Beach leads economic recovery
BusinessWeek
Real estate and construction spending were only about 70 percent of the earlier total. Myrtle Beach is the heart of the state's $15 billion tourism industry. Direct visitor spending last year in the Myrtle Beach area was more than $4 billion of that ...



LaSalle Hotel Closes On $177.5M Term Loan
Law360 (subscription)
By Natalie Rodriguez Law360, New York (May 18, 2012, 2:35 PM ET) -- Real estate investment trust LaSalle Hotel Properties, which boosted its dividends more than 80 percent after last month's quarterly reports and has been buying back company stock, ...

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Nest Realty Recognized with 2012 Central Virginia AMA EMMA Awards For ...
DigitalJournal.com (press release)
Nest Realty, a full-service, boutique real estate brokerage firm specializing in residential and luxury properties throughout Charlottesville and Central Virginia, today announced it took top honors at the 2012 American Marketing Association EMMA ...



MainStreet

What You Should Know About Pocket Listings
MainStreet
If you haven't heard this real estate before, you probably will. Here is what today's homebuyers and sellers need to know about pocket listings. Also known as a ?quiet? or ?off-market? listing, a pocket listing is a property that an agent keeps tucked ...

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Democrats' group paying for anti-McCrory ad in NC
WBTV
RALEIGH, NC (AP) - The Democratic Governors Association is bankrolling a television ad in North Carolina markets critical of Republican gubernatorial nominee Pat McCrory and his involvement in a Charlotte-based lending and real estate business.

and more »


Developer Details Condo Plans for First Baptist Church of Ardmore
Patch.com
Wally Smerconish, a real estate developer and the contract buyer of the property, would place four single-family condo units in the church's main building and one in the parsonage. First Baptist Church of Ardmore was first placed up for sale in July ...



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 ...



Assets Grow 55 Percent at Silvergate Bank
San Diego Business Journal
The bank, which launched a reverse mortgage lending line last year, did $419 million in residential mortgages in the quarter. Total assets stood at $535 million at the end of March, up 55 percent from $345 million in the prior year's first quarter.

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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, ...

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Va. panel hears exec's appeal
Delmarva Now
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 ...

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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 »


Va. panel hears exec's appeal
Gobeach Comber
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 »