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News :

Fitch Rates McLaren Health Care (MI) Series 2012A Bonds 'AA-'; Outlook Stable
MarketWatch (press release)
Bond proceeds will be used to refund McLaren's series 1998A bonds and the series 1998, 2003 and 2006 bonds issued on behalf of Northern Michigan Regional Hospital, refinance draws on certain lines of credit, refinance a mortgage and pay costs of ...

and more »


Michigan Court of Appeals broadens scope of Michigan's non-judicial ...
Lexology (registration)
Distinguishing Leslie, the Michigan Court of Appeals found that the language used in the loan documents prevented the guaranty indebtedness from being construed as an obligation separate from the mortgage debt. Specifically, the mortgage defined the ...



International Business Times

US Mortgage Rates Hit Record Low For 3rd Straight Week: Freddie Mac
International Business Times
By Roland Li: Subscribe to Roland's RSS feed US 30-year fixed-rate mortgages hit a record low for the third straight week as concerns over the euro zone weighed on the economy, mortgage financier Freddie Mac said Thursday. The average 30-year mortgage ...

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eCreditDaily.com

Mortgage Rates Hit New Lows Again; 30-Year at 3.79%
eCreditDaily.com
Consumer sentiment in May rose to its highest reading since January 2008, according to the University of Michigan. 30-year fixed-rate mortgage averaged 3.79 percent, with an average 0.7 point, for the week ending May 17, 2012, down from last week when ...

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Banks turn to "short sales" in Michigan as home foreclosure rates continue to ...
Michigan Radio
A short sale is where a mortgage lender allows a property to be sold for less than the amount owed on a mortgage and takes a loss. ?Based on other data we're looking at that's a trend that's going to continue this year. Short sales are going to become ...

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Michigan Justice Diane Hathaway's short sale
Point of Law
Hathaway persuaded a bank to permit her a short sale of a Florida vacation home that saved her hundreds of thousands of dollars from a mortgage made at the peak of the market, but the ABC affiliate finds suspicious transfers of other real estate from ...

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Ellis: Force mortgage firms to shape up
Lansing State Journal
Congratulations, Michigan, on receiving $97 million in settlement money form five mortgage companies. I am glad that state Attorney General Bill Schuette finally got on board and applied to be part of this national settlement.

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Mortgage Builder Acquires GCC Servicing Systems
CUinsight.com (press release)
Southfield, MI, May 15, 2012 ? Mortgage Builder, an award-winning loan origination software (LOS) provider, announces an agreement to acquire GCC Servicing Systems, a leading loan servicing software provider that shares 35 years of history with its new ...

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With Mortgage Rates Low, Consumer Sentiment Hits 4-Year High
The Mortgage Reports
The Thompson Reuters/University of Michigan preliminary sentiment index for May climbed to 77.8%, its highest point since January 2008. May's figures represent a 1.4% increase over April and the ninth consecutive month that the index has risen.

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Consumers upbeat and mortgage applications rise
WRAL.com (blog)
The University of Michigan's Consumer Sentiment Report came in at a four-year high reading Friday, indicating that consumers are becoming more bullish on the job front. The reading for May came in at 77.8 which was up from a 76.4 reading in April.

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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 among large markets 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 ...

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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 ...

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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 »

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.

and more »


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.

and more »


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, ...

and more »


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, ...

and more »


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 ...

and more »


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 ...



Will Investors Put A Down Payment On Nationstar Mortgage's Future Growth?
Investor's Business Daily
By MATTHEW GALGANI, Investor's Business Daily Posted 01:40 PM ET Today we'll look at Nationstar Mortgage Holdings (NSM). Based in Lewisville, Texas, it's a national provider of mortgage services. The company went public in March, and is up around 29% ...



Grant Funds Help Habitat for Humanity Victoria Place Three Families Into New Homes
GlobeNewsWire (press release)
VICTORIA, Texas, May 18, 2012 (GLOBE NEWSWIRE) -- NewFirst National Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $19267 Affordable Housing Program (AHP) grant to Habitat for Humanity Victoria (HFHV) to provide three very ...

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Grant Funds Help Habitat for Humanity Victoria Place Three Families Into New Homes
MarketWatch (press release)
VICTORIA, Texas, May 18, 2012 (GlobeNewswire via COMTEX) -- NewFirst National Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $19267 Affordable Housing Program (AHP) grant to Habitat for Humanity Victoria (HFHV) to provide three ...

and more »


New flood maps now available [Corsicana Daily Sun, Texas]
Insurance News Net (press release)
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson .

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Beaumont Enterprise
Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will discuss the upcoming changes to FHA on June 1st which will impact the ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Houston Chronicle
Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will discuss the upcoming changes to FHA on June 1st which will impact the ...

and more »


TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
San Antonio Express
Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will discuss the upcoming changes to FHA on June 1st which will impact the ...

and more »


TexasLending.com Discusses Lowest Mortgage Rates in History on Radio KLIF in ...
SBWire (press release)
Dallas, TX -- (SBWIRE) -- 05/18/2012 -- Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans http://www.texaslending.com/refinance.asp and Texas home equity loans ...

and more »


Interview with Texas Senate Candidate Ted Cruz
Hot Air
Last evening conservative favorite Ted Cruz, the insurgent candidate in the Republican Texas Senate Primary who is closing the gap as we hit less than two weeks from primary voting day, gave me 15 minutes of his time for a few questions about taxes, ...

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TexasLending.com to Discuss Changes to FHA Loans on Radio KLIF in Dallas
Virtual-Strategy Magazine
Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will discuss the upcoming changes to FHA on June 1st which will impact the ...

and more »