June 2011

Government Stays Glued to Mortgage Market

(Source: The Wall Street Journal By Nick Timiraos) – A weak start to the spring housing season, which could be underscored later this week by reports on sales of new and previously owned homes, is raising the prospect that the [...]


Posted in Mortgage News | Tagged , , , , , , , | Leave a comment

Homeowners Warned to Beware Housing-Rental Scams

(Source: Arizona Central by Emily Holden) – Homeowners considering renting out their homes during Major League Baseball’s All-Star Game week in Phoenix should be wary, according to the state Attorney General’s Office and the Department of Real Estate.


Posted in Scam & Fraud News | Tagged , , , , , , , , , | Leave a comment

5 House Markets with Best, Worst Outlook

CHICAGO (Source: MarketWatch By Amy Hoak) — Some of the hardest-hit housing markets are beginning to show some signs of strength, though they’re not fully out of the woods yet, according to a new real-estate market forecast.


Posted in Real Estate News | Tagged , , , , , , , | Leave a comment

About Those 65 Million Vacant Homes In China…

(Source: Business Insider Gus Lubin) – Last year a survey by the State Grid Corporation of China found that 65 million residences were empty. This number was circulated as evidence of a housing bubble — along with satellite pictures of [...]


Posted in Real Estate News | Tagged , , , , , , , , | Leave a comment

Global Real Estate Investment Activity Rises in First Quarter

(Source: Business Intelligence Middle East) – The global real estate investment market continues its path to recovery with both values and sales activity increasing in the first quarter of 2011, according to the latest research by leading global property adviser [...]


Posted in Real Estate News | Tagged , , , , , , | Leave a comment

The Justice, the Real Estate Developer, and the Ethics Issue

(Source: The Wall Street Journal By Nathan Koppel) – Supreme Court Justice Clarence Thomas’s life outside the court continues to be the subject of scrutiny.


Posted in Real Estate News | Tagged , , , , , | Leave a comment

It’s Official: You Can’t Blame Banks For Not Lending Anymore

(Source: Business Insider Gregory White) – If you still believe what’s holding back the U.S. recovery is an unwillingness of banks to lend, this chart from Citi’s Steven Weiting should finally prove to you that you’re wrong.


Posted in Bank News, Banking | Tagged , , , , , , | Leave a comment

Careful: Under-Cover Regulators Are In Your Office Right Now

(Source: Business Indider Katya Wachtel) – “Memo to employees at big Wall Street banks and securities firms: Be careful what you say on the elevator. You might be surrounded by regulators.”


Posted in Bank News, Banking | Tagged , , , , , | Leave a comment

Bank Earnings Estimates Keep Getting Worse

(Source: Wall Street Journal By Shira Ovide) – Another day, another earnings downgrade for some of America’s largest financial institutions.


Posted in Bank News, Banking | Tagged , , , , , , , , | Leave a comment

Banks Tap Fund to Repay TARP

(Source: Boston Globe By Todd Wallack) – Hundreds of small banks that received US aid after the financial crisis appear to have found a creative way to repay the funds: obtain money from a different government program.


Posted in Bank News, Banking | Tagged , , , , , , , , | Leave a comment

Greek Default Spells ‘Havoc’ for Banks a Year After Bailout

June 20 (Bloomberg) – A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.


Posted in Bank News, Banking | Tagged , , , , , , , | Leave a comment

Major Mortgage Lenders to Hire Thousands More to Fight Foreclosure

(Source: Fins Finance) – Some of the country’s biggest lenders are planning to hire at least 7,000 additional people to modify mortgages in a bid to quell government criticism. Bank of America plans to add another 5,000 employees by the [...]


Posted in Loan Modification News | Tagged , , , , , , | Leave a comment

Free Mortgage Help for Desperate Homeowners

COLLEGE PARK, GA (Source: 11 Alive Written by Paul Crawley) – “Been in the real estate business for 23 years and I never thought I’d be sitting here,” says Michelle Volk of Douglas County.


Posted in Loan Modification News | Tagged , , , , , , , | Leave a comment

People Line up for Mortgage Modification Event

(Source: 8 News Now by Natalie Cullen) – Las Vegas valley homeowners looking to modify their mortgages in an effort to keep their homes will have a chance over the next five days. Experts will be on hand at one [...]


Posted in Loan Modification News | Tagged , , , , , , , | Leave a comment

Californians, Ethnic Minorities Hit Hardest By Foreclosure Rescue Scams

(Source: the Californian by Broderick Perkins) – If you live in California and find yourself facing foreclosure, chances are greater than in any other state you’ll be the victim of foreclosure rescue fraud.


Posted in Scam & Fraud News | Tagged , , , , , | Leave a comment

St. Cloud Real Estate Agent Indicted in Mortgage Fraud Scheme

MINNEAPOLIS (Source SC Times) — A St. Cloud real estate agent and a Maple Grove real estate appraiser have been indicted in connection with a $1.8 million mortgage fraud scheme.


Posted in Scam & Fraud News | Tagged , , , | Leave a comment

Fairfield Real Estate Broker Indicted in Mortgage Fraud Case

(Source: The Reporter) – A Fairfield real estate broker has been charged by a federal grand jury in a nine-count indictment alleging investment and mortgage fraud.


Posted in Scam & Fraud News | Tagged , , , , , | Leave a comment

MLB All-Star Game Draws Real-Estate Scammers to Valley

(Source: Phoenix New Times By Adele Hampton) – If a real estate company promises to rent your house to some out-of-towners for the upcoming MLB All-Star Game at a “too good to be true” price, we hate to be the [...]


Posted in Scam & Fraud News | Tagged , , , | Leave a comment

Michigan AG Sends Mortgage Processors Subpoenas

(source: Bloomberg) – Michigan Attorney General Bill Schuette said Wednesday that he subpoenaed several mortgage processors as his office expands its investigation into questionable mortgage documentation practices.


Posted in Mortgage News | Tagged , , , , , , | Leave a comment

Paying Off Your Mortgage Early

(Source: New York Times) – JUST because you own a home doesn’t mean you have to keep carrying a mortgage — about a third of American homeowners don’t, according to the Federal Reserve.


Posted in Mortgage News | Tagged , , , , , | Leave a comment

Wells Fargo To Stop Originating Reverse Mortgages

NEW YORK -(By David Benoit and Al Yoon Of DOW JONES NEWSWIRES)- Wells Fargo & Co. (WFC) is the latest lender to exit a controversial product known as the reverse mortgage, saying it no longer felt comfortable lending to seniors [...]


Posted in Mortgage News | Tagged , , , , , | Leave a comment

$100,000 Offered to Find Killer of Valley Real Estate Developer Ed Forst

PHOENIX (Source: ABC15 Brien McElhatten) – Law enforcement officials said they have “good leads” in a cold case involving the murder of a Valley real estate developer 4 years ago.


Posted in Real Estate News | Tagged , , , , , | Leave a comment

Many Hispanics Likely to Buy Homes

(By ANA LEY SAN ANTONIO EXPRESS-NEWS) – Real estate experts offered tips to understand and cater to Hispanic homebuyers during a conference held in San Antonio by the National Association of Real Estate Editors on Thursday.


Posted in Real Estate News | Tagged , , , , , | Leave a comment

Banks Apply for Less Than Half of Small-Business Lending Fund

(Source: Bloomberg By James Sterngold) – Small banks applied for less than half of the $30 billion in capital available from a federal program to increase small-business lending, according to the U.S. Treasury Department.


Posted in Bank News, Banking | Tagged , , , , , | Leave a comment

Greek Hunt for Debt ‘Holy Grail’ Pits ECB Against Naked Banks: Euro Credit

(Source: Bloomberg By Abigail Moses) – European policy makers are on a collision course with the bond market as they seek to resolve the Greek debt crisis without triggering payouts under credit- default swap insurance contracts.


Posted in Bank News, Banking | Tagged , , , , , | Leave a comment

Puerto Rico Bank Executive Slain on Busy Highway

(Source: Bloomberg) – An executive with one of the major Puerto Rican banks was shot to death as he drove home along one of the busiest streets in the capital, police in the U.S. island territory said Thursday.


Posted in Bank News, Banking | Tagged , , , , , , , | Leave a comment

Capital One Buys ING Direct, and Customers Start to Freak Out

(Source: Time MoneyLand) – Please don’t change ING Direct. Customers stick with the online bank (and put up with the company’s blinding trademark bright orange colors) because setting up an account is easy, the interface and bill-paying features are sensible, [...]


Posted in Bank News, Banking | Tagged , , , , , | Leave a comment

DealTalk: Swiss Banks Court Buyers as Fear Stalks Industry

(Source: Reuters By Martin de Sa’Pinto and Chris Vellacott) – Switzerland’s legions of small banks are struggling to arouse interest in their businesses from unenthusiastic buyers as they grapple with mounting costs and the pursuit of tax dodgers across borders.


Posted in Bank News, Banking | Tagged , , , , | Leave a comment

Is it Time to Sue Your Mortgage Lender?

(Source: Fox Business By Gina Pogol ) – Have you made your three mandatory trial loan modification payments but still have not been approved for a permanent loan mod? Do you believe your home was wrongfully foreclosed? Have you been [...]


Posted in Mortgage News | Tagged , , , , | Leave a comment

Homeowner Says Bank Of America Foreclosed On Her After Advising Her To Miss Payments

(Source: Consumerist) – A woman says she lost her home to Bank of America by following its advice to her that she skip mortgage payments. The woman had lived in the house for 25 years and began struggling with payments [...]


Posted in Mortgage News | Tagged , , , | Leave a comment

Useful Information

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