March 2011

(Source: News Sentinel By Emily Glazer ) – The Federal Housing Administration is raising the annual insurance premium on new loans it insures starting April 18.

(Source: News Sentinel) – Annual mortgage insurance premiums on all FHA case numbers assigned on or after April 18, 2011, will increase 25 basis points.

(Source: ABA Banking Journal By Holliday, Karen) – Change may be the one constant in mortgage lending today, and it doesn’t appear to be going away any time soon. Simultaneously, there’s a renewed “back-to-the-basics” approach that’s evident in conversations on [...]

(Source: ABA Banking Journal By Silvia, Joseph ) – On April 1, the first in what is likely to be a series of rules and interpretations on loan originator compensation becomes effective. While this rule, issued by the Federal Reserve [...]

(Source: The Sun By Mara Knaub) – A federal grant could nudge more Yumans closer to fulfilling their dream of owning a home and becoming more self-sufficient.

(Source: The Oregonian By Laura Gunderson) – Estate sellers and their customers share stories in today’s Business section about how tough the business is.

(Source: The Idaho Statesman, Boise By Kristin Rodine)  – Accusations of misrepresentation and malfeasance now go both ways in the legal duel between former Canyon County Prosecutor John Bujak and county commissioners.

(Source: United Press International) – The Jesuits of the U.S. Northwest will pay $166 million to hundreds of people sexually abused at their boarding schools, plaintiffs’ lawyers say.

(Source: The Philadelphia Inquirer By Miriam Hill) – Chanting “One, two, three, four, don’t put us out the door,” about 40 people called on Philadelphia’s top judge to further delay sales of foreclosed homes.

(Source: USA TODAY By Erin Kutz) – Nearly a third of consumers polled by MetLife last June didn’t know how much their home, condo or townhouse was insured for.

(Source: USA TODAY By Erin Kutz) – Those with seven-figure incomes aren’t the only targets of lawsuits, and the average home and auto insurance may quickly run short in the case of a simple accident and the litigation that can [...]

(Source: The Modesto Bee By Kevin Valine) – A Modesto nonprofit that faced having to close because of financial difficulties has landed on its feet. Community Housing and Shelter Services has downsized, restructured and refocused on its core mission of [...]

(Source: The News-Sentinel By Heather Schultz) – Consumer Credit Counseling Service of Northeastern Indiana may be the answer for local residents trying to avoid foreclosure.

(Source: The Virginian-Pilot By Carolyn Shapiro) – The U.S. Department of Labor has sued a Virginia Beach home builder and its vice president, claiming it failed to pay into its employees’ 401(k) retirement program over three years.

(Source: The Baltimore Sun) – Baltimore resident Michael F. Molloy’s letter about a relative’s struggles to get a loan modification prompted a lot of comments from readers and full-fledged commentary from a foreclosure-prevention counselor at St. Ambrose Housing Aid Center [...]