March 2011

Abbott Joins in Objection to Mortgage Servicers Settlement Plan

(Source: statesman.com) – Five months after he joined the attorneys general of the 49 other states in investigating foreclosure and mortgage servicing practices, Texas Attorney General Greg Abbott is objecting to a settlement plan the group has put forth to [...]


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Chase Notifies Homeowners About Mortgage Counseling

(Source: The Columbus Dispatch By Mark Williams) – Central Ohio homeowners struggling to make their mortgage payments should think twice before deciding to pitch the UPS letter from JPMorgan Chase that arrived recently.


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SEC Backs Pension Fund Request for Foreclosure Review at BofA and Citi

(Source: globalpensions By Raquel Pichardo-Allison) – The SEC has approved a request by the New York City Pension Funds to hold a shareholder vote asking Bank of America and Citigroup to review their foreclosure and mortgage practices.


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American Dream Turns Into Nightmare

(Source: Mauiweekly) – The Wall Street, Lehman Brothers, IndyMac, mega-bank crisis of 2008 was just the tip of the iceberg of America’s financial and real estate market de-stabilization. It has morphed into the foreclosure crises with 6.6 million Americans having [...]


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Local Banks Help Homeowners With Foreclosures

INDIANAPOLIS  – (Source: TheIndyChannel) – Chase Bank is gearing up to open 25 home ownership centers around the country, expanding a foreclosure prevention program to Indiana in June, 6News’ Rafael Sanchez reported.


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Appraisers, Agents: Whose Price is Right?

(Source: Star Tribune, Minneapolis By Jim Buchta) – How much is your house worth? Appraisers will tell you. And so will real estate agents.


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Credit Default Swaps Could Impact Homeowners Says Florida Homestead Law Group

(Source: MARKETWIRE) – Credit default swaps (CDS) are similar to insurance contracts in that they promise to cover losses on certain securities in the event of default. While CDSs are supposed to give homeowners a feeling of protection in return [...]


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12% Hike in Home Loan Applications As First-Time Buyers Return to Market

(Source: Belfast Telegraph) – A Northern Ireland mortgage broker has reported a 12% rise in home loan applications for 2011, Homefinder can reveal.


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U.S. Mortgage Activity Up Slightly

(Source: United Press International) – The Mortgage Bankers Association said U.S. mortgage activity increased slightly in the week ending March 18, as long-term rates were mixed.


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Habitat For Humanity Looking For Next Homeowner

(Source: The Norman Transcript) – Cleveland County Habitat for Humanity is searching for its next homeowner. The next application cycle for the program, which provides housing for Cleveland County residents in need of affordable housing, begins April 1 and ends [...]


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Baytown Nonprofit Backed by Tarrant Bonds is Facing Foreclosure

(Source: Fort Worth Star-Telegram By Yamil Berard) – Peering out the window, Lynne Foley winces at the sight of the old hospital building across the street from Lee College in Baytown, where she lives and works as a manager in [...]


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Irish Banker With Cape Ties Settles With Chase

(Source: Cape Cod Times By Sarah Shemkus) – Between July and October, former Irish bank chief David Drumm racked up $14,293.49 in charges on his Chase Bank credit card, according to a complaint filed in federal court.


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Judge in Abscam, Penn Central Bankruptcy to Step Down

(Source: The Philadelphia Inquirer By Sam Wood) – U.S. District Judge John Fullam, who presided over such notable cases as the Abscam political-corruption probe and the landmark bankruptcy of Penn Central, said Wednesday that he planned to step down.


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Archdiocese Fund Part of Class-Action Case Against Halliburton

(Source: The Milwaukee Journal Sentinel By Annysa Johnson) – While bankruptcy has stalled the pending court cases against the Archdiocese of Milwaukee over its handling of clergy sex abuse cases, its biggest benefactor is waging its own battle — now [...]


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Free Aid to Help You Manage Debt

(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.


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Woman Sues Over Wrongful Home Foreclosure

(Source: Victoria Advocate, Victoria, Texas By Gheni Platenburg) – A Victoria woman is suing BAC Home Loan Servicing over the wrongful foreclosure of her home.


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A Tale of Two Housing Markets in Florida

(Source: United Press International) – The South Florida housing market is showing signs of heading in two directions with sales climbing, but prices remaining low, housing data shows.


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Tampa Home Sales Rise As Investors Wade In

(Source: Tampa Tribune By Shannon Behnken) – The Tampa area’s real estate market is giving mixed signals, and it may be the result of investors eyeing potential profits.


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More Than 4% of Whatcom Home Loans 90 Days Late

(Source: The Bellingham Herald, Wash. By Dave Gallagher) – Mortgage delinquency continues to rise in Whatcom County, according to a new national report.


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Low House Prices Mean Some Can Finally Buy

(Source: The Fresno Bee By BoNhia Lee) – Claudia Arias never thought she could afford to buy a house on a secretary’s salary.


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Maine Homebuyers Waiting for Uncle Sam

(Source: Portland Press Herald By J. Hemmerdinger) – Six months ago, she signed an agreement to buy a new home in Gorham, and soon after got approval for a low-income loan from the federal government.


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Foreclosures, Delinquencies Rise in Area, Report Finds

(Source: The Blade By The Blade) – The portion of mortgages in the Toledo area on which payments are 90 days or more late climbed for the fourth consecutive month in December, a new report shows.


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Habitat For Humanity Looking For Next Homeowner

(Source: The Norman Transcript By The Norman Transcript) – Cleveland County Habitat for Humanity is searching for its next homeowner. The next application cycle for the program, which provides housing for Cleveland County residents in need of affordable housing, begins [...]


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Sales Show Housing Still Awaits Warm-Up

(Source: The Indianapolis Star By Jeff Swiatek) – Kevin Elson recently enjoyed a rare experience for real estate agents. His sales team at F.C. Tucker Co. in Castleton listed two $350,000-plus homes in Carmel and sold both within six days.


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Firm Offered to Pay Off Loan to Quash Bill, Craddick Tells House Panel

(Source: Fort Worth Star-Telegram By Dave Montgomery) – Rep. Tom Craddick, who is sponsoring a bill to toughen regulations on payday and car title lenders, told a legislative committee Tuesday that a lending company offered to pay off the loan [...]


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Judge Delays Closing 4 Nursing Homes for 1 Month

HARTFORD -(Source: New Haven Register By Mary E. O’Leary) – Sale of the Jewish Home for the Aged in New Haven is imminent, but to be on the safe side, a Superior Court judge Tuesday postponed, for a month, the [...]


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Wachovia to get new name, logo in July

(Source: The Palm Beach Post) March 23–The largest bank in Palm Beach County gets a new name and a fresh look in July. That’s when Wachovia ditches its old name and takes on the brand of Wells Fargo, the financial [...]


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BofA lawsuit to stay in state court

(Source: AZ Central) – The Arizona attorney general’s lawsuit against Bank of America over alleged mortgage fraud will remain in state court. The lender had asked the case, filed in late December, be moved to federal court.


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What’s Next for Boise County After Bankruptcy Filing?

(Source: The Idaho Statesman, Boise By Katy Moeller) – When Boise County filed Chapter 9 bankruptcy March 1, it entered uncharted territory as possibly the first county in state history to seek bankruptcy protection.


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Independence man offered $2 mortgage loan modification ‎

(Source News 5) INDEPENDENCE, Ohio – Two dollars. That’s how much Mike Elewski said Wells Fargo offered to reduce his monthly mortgage payment. Elewski, who lives in Independence, said he now expects to lose his home to foreclosure. When the [...]


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