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News :

Blue Cross Names New President
Albuquerque Journal (subscription)
BISMARCK, ND ? North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas, state officials said this week. North Dakota oil drillers pumped 17.8 million barrels in March, with a daily average of ...

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Housing for Police Officers
KFYR-TV
Counties in North Dakota`s oil country need more cops and deputies. But it`s not easy to hire someone when they can`t find a place to live. This week, the state unveiled what`s called the "Law Enforcement Pilot Program," which will enable officers in ...

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Law officer housing gets boost in ND oil patch
Dickinson Press
AP - WILLISTON, ND Attorney General Wayne Stenehjem (STEHN'-juhm) says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the state's booming western oil patch, where housing ...

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Law officer housing gets boost in ND oil patch
Grand Forks Herald
AP - WILLISTON, ND Attorney General Wayne Stenehjem (STEHN'-juhm) says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the state's booming western oil patch, where housing ...

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Law officer housing gets boost in oil patch
WDAY
WILLISTON, ND (AP) ? Attorney General Wayne Stenehjem (STEHN'-juhm) says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the state's booming western oil patch, ...

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Law officer housing gets boost in North Dakota oil patch
Bismarck Tribune
AP | Posted: Thursday, May 17, 2012 10:28 am | (4) Comments WILLISTON, ND ? Attorney General Wayne Stenehjem says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the ...

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$3 million directed for subsidized law enforcement housing in Oil Patch
Grand Forks Herald
WILLISTON, ND ? Attorney General Wayne Stenehjem announced Wednesday he's directing $3 million from the state's share of a lawsuit settlement to subsidize housing for law enforcement in the Oil Patch. Stenehjem, speaking at the Bakken Housing ...

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Housing: State to Subsidize $3M in Law Enforcement Housing
LoanSafe
WILLISTON (Source Amy Dalrymple Dickinson Press, ND (MCT) ? Attorney General Wayne Stenehjem announced Wednesday he's directing $3 million from the state's share of a lawsuit settlement to subsidize housing for law enforcement in the Oil Patch.

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State to use $3 million to subsidize housing for law officers in North ...
The Republic
AP WILLISTON, ND ? Attorney General Wayne Stenehjem (STEHN'-juhm) says he's directing $3 million from North Dakota's share of a lawsuit settlement to subsidize housing for law enforcement officers in the state's booming western oil patch, where housing ...

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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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Former Dublin Man Sentenced in Mortgage Fraud Case
LoanSafe
He operated the scheme through Platinum Mortgage, DBA Platinum Mortgage, Edison Mortgage, Prime Real Estate and other companies. Between 2003 and 2006, he used fraudulent appraisals, false information on loan applications and forged documents to ...

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FIRST AMERICAN FINANCIAL CORP : First American Financial to Present at Keefe ...
4-traders
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance and settlement services for real estate transactions, today announced that it will present a company update at the Keefe, Bruyette & Woods (KBW) Mortgage ...

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Ashcroft looking to mortgage some convent land
Ottawa Citizen (blog)
The Owner wants to mortgage a portion of its property fronting on Richmond Road in order to construct three high-rise mixed use apartment buildings with ground floor commercial. The application indicates that this proposal is phase one of a two phase ...



Eastern Morning Herald

Today's Mortgage Rates: Bank of America, Citibank and KeyBank Refinance Rates ...
Eastern Morning Herald
US mortgage rates had a great run throughout the week, as fixed rate loans once again reached new record-lows on Thursday, mortgage buyer, Freddie Mac reported on Thursday. This puts many potential homebuyers and refinancers in a great position, ...

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CFPB wants comments on plans for testing mortgage servicing disclosures and ...
Lexology (registration)
Two recent notices published by the CFPB in the Federal Register shed some light on the CFPB's plans for testing the mortgage servicing disclosures it's developing and for collecting information about the potential compliance costs of its proposals.



Hyphen Magazine (blog)

'Silent Crime' -- Defrauding Elders Grows in Ethnic Communities
Hyphen Magazine (blog)
By Paul Kleyman The sentencing of Edwin Parada in San Francisco this past April for 24 counts of mortgage fraud against Spanish-speaking homeowners spotlighted the growing incidence of ?affinity? crimes ? those perpetrated by crooks against their own ...

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CFPB considers rules to simplify mortgage points, fees and loan originator ...
Lexology (registration)
The Consumer Financial Protection Bureau, or CFPM, outlined rules it is considering that would simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market. These rules, which the CFPB expects to propose this ...

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First American Financial to Present at Keefe, Bruyette & Woods Mortgage ...
Stockhouse
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services to the real estate and mortgage industries, that traces its heritage back to 1889. First American and its affiliated companies also ...

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Commercial-Mortgage Securities Spreads Soar to Widest of 2012
BusinessWeek
By Sarah Mulholland on May 18, 2012 Wall Street dealers are selling commercial-mortgage bonds with the widest spread this year as the European debt crisis and JPMorgan Chase & Co.'s trading loss rattles markets. Goldman Sachs Group Inc. (GS) (GS), ...

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Zacks.com ETF Strategist Eric Dutram highlights: Invest Like the 1% with These ...
Business Review USA (press release)
CHICAGO, May 18, 2012 /PRNewswire/ -- Stocks and funds in this article include: iShares S&P National Municipal Bond Fund (AMEX:MUB), Vanguard Dividend Appreciation ETF (AMEX:SDY), iShares FTSE NAREIT Mortgage REIT ETF (AMEX:REM).

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News :

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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Investing Answers

10 States with the Most Seriously Delinquent Mortgages
Investing Answers
As a result, Arizona has the second highest percentage of mortgages that are underwater at 48% -- just behind national leader Nevada. That has prompted many Arizonans to walk away from their mortgage payments. 5. Illinois -- 7.87% of outstanding ...



Illinois third in foreclosures despite national improvement
Morris Daily Herald
By Mary Ellen Podmolik ? Chicago Tribune (MCT) ? Foreclosure starts in Illinois are on par with those in other areas, but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of mortgage ...

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Pierce & Associates Expands Central Loop Location
CoStar Group
By Lisa D. Banusiewicz Pierce & Associates, PC, one of the oldest and largest law firms handling mortgage related issues in Illinois, signed an expansion deal at 1 N. Dearborn St. in Chicago, IL. The firm presently occupies the entire 13th floor and ...



Foreclosures in Illinois bogged down
Chicago Tribune
Foreclosure starts in Illinois are on par with those in other areas, but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of mortgage loans on one- to four-unit residential properties ...

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Foreclosures: Illinois 3rd Despite National Improvement
HispanicBusiness.com
oreclosures starts in Illinois are on par with those in other areas but the state's court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of all one-to-four-unit mortgage loans in Illinois were in ...

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Illinois Swamped With Foreclosures
Progress Illinois
The Prairie State is third in the nation when it comes to mortgages in foreclosure, with 6.9 percent of all Illinois home loans in foreclosure, according to Mortgage Bankers Association data. The figure is largely due to a woefully backlogged ...

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US Mortgage Delinquency Rate Falls To Lowest Since 2008
Financial Advisor Magazine
(Bloomberg News) The US mortgage delinquency rate declined in the first quarter to the lowest level since 2008 as an improving job market helped more borrowers pay their bills and tighter lending standards resulted in fewer defaults.

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Judicial States Continue to Skew Foreclosure Statistics
Mortgage News Daily
by Jann Swanson There were substantial improvements in delinquency rates during the first quarter of 2012 according to the National Delinquency Survey for the period released this morning by the Mortgage Bankers Association.

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Chicagoist

Illinois Third Worst State For Foreclosures
Chicagoist
New data released Wednesday shows while the national foreclosure rate is the lowest its been since 2008, Illinois ranks third from the bottom with almost 7.5 percent of all mortgage loans in delinquency. According to the Mortgage Bankers Association's ...

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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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Federal Lawmakers Should Curb Excesses at Government-Backed Banks and Protect ...
Hawaii Reporter
The primary mission of the CFPB is to protect consumers when dealing with financial institutions, whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.

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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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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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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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Cerberus Said to Seek $1.8 Billion Loan for Hawaii Resorts
San Francisco Chronicle
May 15 (Bloomberg) -- Cerberus Capital Management LP is seeking as much as $1.8 billion in new debt on six resorts, including five in Hawaii, taking advantage of Wall Street's growing appetite for commercial mortgages. Cerberus is approaching banks for ...

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