March 2011

Andover State Senator Files for Bankruptcy

(Source: The Wichita Eagle By Ron Sylvester) – A state senator who serves on the budget and banking committees has filed for personal bankruptcy.


Posted in Bankruptcy News | Leave a comment

Shoppers Shun Credit to Pay With Digital Dollars

(Source: McClatchy/Tribune) – Deborah asks: I don’t feel safe paying with my credit card online. What are some alternatives? As the digital age marches forward and online shopping further threatens brick-and-mortar dominance, shoppers are making a deliberate move back to [...]


Posted in Bankruptcy News | Leave a comment

What’s Used to Calculate Your Credit Score?

(Source: Herald; Rock Hill, S.C.) – Many financial institutions use your credit score to determine whether you will qualify for a loan and what interest rate you’ll get. But that’s not the only way the score is used today.


Posted in Bankruptcy News | 1 Comment

Study Says Credit Card Debt High in Honolulu

(Source: The Honolulu Star-Advertiser) – Honolulu ranked fourth in the country for the highest credit card debt at the end of 2010, according to a study by Experian, one of the nation’s largest credit reporting companies.


Posted in Bankruptcy News | Leave a comment

Experian Says Hampton Roads is 6th Nationally in Credit Card Debt

(Source: Daily Press) – Hampton Roads ranked sixth in the nation for personal credit card debt at the end of December, according to data released Wednesday by credit reporting agency Experian.


Posted in Bankruptcy News | Leave a comment

Buffett’s Trust in Goldman Betrayed by Leak, SEC Says

(Source: Tulsa World) – Warren Buffett, who supported Goldman Sachs Group Inc. during the financial crisis with a capital injection and public praise, had his trust in the investment bank betrayed by an insider-trading leak on the firm’s board, U.S. [...]


Posted in Bank News, Banking | Leave a comment

Economic Outlook: Regulating Payday

(Source: United Press International) – One could argue pointedly that greed among a few U.S. bankers set the entire nation back in 2008.


Posted in Bank News, Banking | Leave a comment

HSBC is ‘Hungry’ to Ramp Up Its Presence in India

(Source: Source: The Economic Times, India) – The Economic Times, India HSBC is ‘hungry’ to ramp up its presence in India and is prepared to do that by expanding its existing network or buying an existing bank if allowed, its [...]


Posted in Bank News, Banking | Leave a comment

Finding the Right Mortgage Mix

(Source: Contra Costa Times (Walnut Creek, Calif.) By Eve Mitchell, Contra Costa Times) – Loc Chau was looking for a super-low interest rate to finance his San Jose condominium, a place he envisions living in for a few years. Super-low [...]


Tagged , , , | Leave a comment

Mortgage Rates Drop For Third Week In A Row

(Source: The Hartford Courant, Connecticut By Kenneth R. Gosselin) – Mortgage rates dropped for the third consecutive week as the struggling economic recovery kept housing demand weak.


Tagged , , , , , | Leave a comment

Realty Funds Find it Tough to Raise Money Overseas

(Source: Mint, New Delhi By Madhurima Nandy) – Real estate funds trying to raise a couple of billion dollars overseas are struggling to tie up commitments, with potential investors put off both by integrity worries over India’s realty sector and [...]


Leave a comment

AMI Says Advice Should be Default for Most Borrowers

(Source: Money Marketing) – The Association of Mortgage Intermediaries is calling for mortgage advice to be mandatory for most consumers, particularly first-time buyers, credit-impaired borrowers and those borrowing into retirement.


Leave a comment

Taking Responsibility on Your Mortgage

(Source: Money Marketing ) – Decisions on buying their home and finding the best mortgage are among the most significant choices people ever make. The FSA market analysis incorporated in its mortgage market review suggests we need to make big [...]


Tagged , , | Leave a comment

Median Home Price in King County Drops in February, Dragged Down by Repos

(Source: The Seattle Times) – Home prices plummeted to new post-boom lows in February, dragged down by a continuing surge in lower-priced “short sales” and bank resales of repossessed homes.


Posted in Political News | Leave a comment

MORTGAGE VIEW: Prisoners’ Rights

(Source: Money Marketing) – As the monetary policy committee argued their very different views on interest rate changes, many in the mortgage industry pondered secretly, some publicly, that quite frankly an early rate rise will be good for business.


Tagged | Leave a comment

Mortgage Assistance Available Through Monday

(Source: The Atlanta Journal and Constitution By Michelle E. Shaw) – There are two opportunities for homeowners to get mortgage help starting Thursday.


Leave a comment

Lawyer: Revenge Behind Suspension

(Source: The Times Leader (Wilkes-Barre, Pa. By Terrie Morgan-Besecker) – Attorney James Hayward says he believes he was subjected to unduly harsh punishment by the state’s disciplinary board because he publicly criticized Luzerne County Children and Youth Services and the [...]


Leave a comment

Getting Paid By a Client Who is in Bankruptcy

(Source: Record, The; Bergen County, N.J) – Q: I am a commercial real estate broker representing a seller who has filed a Chapter 11 case. Will the bankruptcy proceeding affect my ability to receive a commission?


Posted in Bankruptcy News | Leave a comment

Court Hears Challenge to Madoff Loss Calculations

NEW YORK (Source: Associated Press/AP Online By TOM HAYS) – A federal appeals panel reviewing a compensation plan for former clients of disgraced financier Bernard Madoff cast doubt on claims by the embattled owners of the New York Mets and [...]


Leave a comment

Hundreds of Homeowners Desperate For Lower Mortgage Payments Attend NACA Event in Atlanta

(Source: CBS Atlanta Reporter by Rebekka Schramm) – Alvin White and his wife Naomi spent the night bundled up outside the Americas Mart. They said they wanted to be among the first in line Thursday morning to meet with someone [...]


Leave a comment

In Foreclosure Settlement, U.S. May Force Lenders to Meet Loan-Modification Quotas

(Source: Washington Post By Dina ElBoghdady and Brady Dennis) – As part of a settlement with banks that engaged in shoddy foreclosure practices, the Obama administration is weighing whether to impose quotas that would force the firms to modify a [...]


1 Comment

Out of State Loan Modification

(Source: KING 5 News/ by Jesse Jones) – There are lots of homeowners searching for modifications of their mortgages. Many are looking out of state for help and some are ending up with unlicensed agents who may do nothing more [...]


Leave a comment

Mortgage Deduction Under Renewed Scrutiny

CHARLOTTE, N.C. (Source: The News & Observer) – There’s a hallowed rule in U.S. housing policy: If you own a home, you get a tax deduction on your mortgage interest.


Tagged , , , , | Leave a comment

Mortgage Assistance Available Through Monday

(Source: The Atlanta Journal and Constitution / By Michelle E. Shaw) – There are two opportunities for homeowners to get mortgage help starting Thursday.


Leave a comment

Lenders Steer Clear of ‘Blackballed’ Condo Buildings

CHICAGO (Source: Chicago Tribune) – Condo buyers who sat out last year’s real estate market, waiting for prices to bottom or their own financial footing to improve, find themselves in an enviable situation.


Leave a comment

Federal Loan-Modification Efforts Win White House Applause

(Source: Detroit Free Press / By Greta Guest) – As Congress weighs whether to continue foreclosure prevention programs, the Obama administration applauded its efforts to modify mortgages today.


Posted in Political News | Leave a comment

Macon Leaders at Odds Over Empty Renovated Homes

(Source: The Macon Telegraph / By Phillip Ramati) – A controversy between Macon City Council and the city administration over houses built by the city with federal funds has been simmering for the past couple of years. Now the issue [...]


Posted in Political News | Leave a comment

Loan Modifications In The Cross Hairs

(Source: Chicago Tribune / By Mary Ellen Podmolik) – The Obama administration on Wednesday vigorously defended its Home Affordable Modification Program, which faces sharp criticism by Republican lawmakers who want it axed.


Leave a comment

Weekly Mortgage Activity Declines

(Source: United Press International) – The Mortgage Bankers Association said U.S. mortgage activity decreased in the week ending Feb. 25, although long-term interest rates declined.


Posted in Political News | 1 Comment

Jannie Blackwell Leaves PHA Board to Be Part of the Solution

(Source:The Philadelphia Inquirer/By Jeff Shields and Jennifer Lin) – City Councilwoman Jannie L. Blackwell has become the first Philadelphia Housing Authority board member to quit in response to demands from federal housing administrators intent on overhauling an agency that has [...]


Leave a comment

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News