Mortgage Roundup: 2013

Saturday, July 6, 2013

07/06/13 The Raw Mortgage Feed

Comprehensive Real-Time News Feed for Mortgage.

U.S. adds 195K jobs; unemployment 7.6% _{2013-07-06, 04:50 am}
... had previously estimated -- 50,000 in April and 20,000 in May. The Fed has been buying $85 billion in Treasury and mortgage bonds each month since late last year. The purchases pushed long-term interest rates to historic lows, fueled a stock rally ...
Stocks end with strong gains _{2013-07-06, 04:41 am}
Stocks ended with a surge Friday after traders decided that a healthy job market mattered more than the Federal Reserve scaling back its economic stimulus.
U.S. economy adds 195K jobs _{2013-07-06, 04:40 am}
... Fed would likely scale back its bond purchases later this year. The Fed has been buying $85 billion in Treasury and mortgage bonds each month since late last year. The purchases pushed long-term interest rates to historic lows, fueled a stock rally ...
Personal Banker / 92213961 _{2013-07-06, 04:38 am}
... to comply with and be subject to the Monster Terms and Conditions and Privacy Policy for use of our website. Mortgage (FCM), and First Community Services (FCS) continue to thrive across the state of Texas. Founded as First National Bank of Killeen ...
Reader Profile: YA _{2013-07-06, 04:34 am}
... $9.00 Land property tax: $78.00 Food: $300.00 AAA: $4.00 Life Insurance: $11.00 Dogs: $150.00 Water/sewer: $33.00 Mortgage: $540.00 Netflix: $18.00 Total: $1,686.00 I want to quit my job and do something more creative and flexible so that I can be ...
Las Vegas Suburb Accused of Plotting to Seize 5000 Homes with Eminent ... _{2013-07-06, 04:03 am}
... d into and embarked upon a plan to use the power of eminent domain to condemn and seize privately-owned residential mortgage loans in the City," the complaint states. "The City intends to target for seizure ...
Home prices rise in May by most in 7 years _{2013-07-06, 03:30 am}
... (20.2 percent), Arizona (16.9 percent), Hawaii (16.1 percent) and Oregon (15.5 percent). Steady hiring and low mortgage rates have encouraged more Americans to buy homes. Greater demand, a limited number of homes for sale and fewer foreclosures have ...
Federal furloughs create hardships for workers _{2013-07-06, 03:30 am}
... them from being placed on furlough status. Newsflash: Furlough does not mean people have to stop paying their mortgage, utilities, car payments/insurance (car, medical, dental), day care and put food on the table. Life goes on but with up to 30 ...
June's new jobs report not too hot or too cold _{2013-07-06, 03:29 am}
... of the Fed action is critical. The central bank's program of buying $85 billion a month in Treasury securities and mortgage-backed bonds has not only kept long-term interest rates low for borrowers, from big companies to individual homebuyers, but ...
Reverse My Mortgage Is Now Offering HECM Loans in the Denver Colorado Area _{2013-07-06, 03:28 am}
Reverse My Mortgage has recently announced that they will be offering their services in Colorado starting in the summer of 2013.
Rate State Explains Interest Only Mortgages in Their Latest Article _{2013-07-06, 03:26 am}
... reveal what exactly this term means and for who it is an option in their article titled "What Is An Interest Only Mortgage?" Rate State explains that, for some people, interest-only loans can help buy more with less, at least in the short term. They ...
Home Prices Stabilizing - Blue Loan Services Helps Homebuyers And... _{2013-07-06, 03:25 am}
... helps facilitate this process with their fast online loan processing system. Blue Loan Services is a full services mortgage company that has been helping residents of California to find the best loan products and home loan rates for many years. The ...
Best Time to Lock in a Mortgage Rate Explained in New Loan Love Mortgage Rate Lock Guide _{2013-07-06, 03:24 am}
A new Loan Love Mortgage Rate Lock guide helps home loan borrowers to decide when the best time to lock in their rate would be.
Findlay police investigating 'irregularities' at title agency _{2013-07-06, 02:29 am}
... on June 24. Police provided no details, except to confirm they are investigating. Title insurance protects a mortgage lender or property owner against unforeseen events that would reduce a property's value. Hensley was dismissed from her job for ...
Lending manager hired _{2013-07-06, 02:24 am}
... senior management team. Bellaire possesses 24 years financial industry experience with HSBC Bank USA and Premium Mortgage Corp. and will be responsible for all mortgage lending, loan underwriting, collections and lender compliance. He is a graduate ...
Pope Francis's Vatican: How the New Pontiff Is Shaking Things Up _{2013-07-06, 02:04 am}
... giving various amounts to friends in exchange for checks he could then deposit into his Italian account to pay a mortgage. He preferred to use 500-euro bills, earning his nickname "Don 500" in the Italian press. The operation didn't sound any alarm ...
June hiring continues positive trends _{2013-07-06, 02:04 am}
... buying this year. If it did, long-term rates would likely rise. The Fed has been buying $85 billion in Treasury and mortgage bonds each month since late last year. The purchases pushed long-term interest rates to historic lows, fueled a stock rally ...
Financial priorities during times of hardship _{2013-07-06, 02:00 am}
... advise that these kinds of bills are the most important to keep up with: -Basic housing, including rent or mortgage, real estate taxes and utilities -Child support -Automobile loans and insurance -Income taxes and IRS liens on property These ...
Hold on: Mortgage rates to rise again _{2013-07-06, 01:46 am}
... bond yields soaring. For potential home-buyers, the concern is the spike in the 10-year bonds, which tends to track mortgage rates. As bond prices tumbled, yields hit levels not seen since 2011 - a sign that higher mortgage rates are sure to hit ...
SCHRAM: Political paralysis strikes again -- this time loading students with debt _{2013-07-06, 01:30 am}
In a bipartisan act of calculated inaction and willful indifference, the Democrats and Republicans who run Congress passively allowed a key student loan interest rate for low- and middle-income students to double.

Wednesday, July 3, 2013

07/03/13 Comprehensive Real-Time News Feed for Mortgage

CMHC sees hikes in prices and sales for single-family homes _{2013-07-02, 03:00 am}
The average sale price for a single family home will be $258,000 for this year, Canada Mortgage and Housing Corporation is predicting in its second quarter housing market outlook, a 2.4 per cent increase over last year.
Man honors brother's dying wish with $500 tips _{2013-07-03, 10:44 pm}
... In the video library you'll also find tips on 401k plans, Treasurys, oil and gold prices, interest rates, the mortgage market, the Federal Reserve, growth and value stocks, and a variety of other topics. For more advice on investing and for news on ...
U.S. rate on 30-year mortgage falls to 4.29 percent _{2013-07-03, 10:32 pm}
... 4.46 percent last week, the highest in two years and a full point more than a month ago. The average on the 15-year mortgage fell to 3.39 percent, down from 3.50 percent last week - the highest since August 2011. Mortgage rates jumped last week ...
Soaring mortgage rates could fuel home buying in short term, slow housing recovery in long term_{2013-07-03, 10:28 pm}
A consumer who takes out a $170,000 mortgage today will have a monthly payment that's $100 higher than it would have been when interest rates were lower two months ago.
50 years in, ZIP codes an open-source treasure trove _{2013-07-03, 10:21 pm}
... way to measure all sorts of socioeconomic and health numbers." Banks and insurers now use ZIP codes to analyze mortgage risk and set premiums, real estate firms use them to organize listings, and retailers use them to decide where to build new ...
Business Highlights _{2013-07-03, 10:21 pm}
... 4.46 percent last week, the highest in two years and a full point more than a month ago. The average on the 15-year mortgage fell to 3.39 percent, down from 3.50 percent last week - the highest since August 2011. NEW YORK (AP) - The New York ...
Job uncertainties lead to rise in public school enrolment _{2013-07-03, 10:18 pm}
... "That's the sort of discretionary spending that families will often forego in order to meet the basic costs of the mortgage and putting food on the table." Mr Bates says the recent downturn in the coal mining sector is one of the factors at play as ...
Whyte has four weeks to save his castle from repossession _{2013-07-03, 10:13 pm}
FORMER Rangers owner Craig Whyte has until the end of the month to pay his mortgage arrears before a bank repossesses his castle home.
Can the University of Hawaii make millions off its research? _{2013-07-03, 10:12 pm}
... labs have attracted millions of dollars in federal and foundation grants. A percentage of that grant money pays the mortgage on the $22.5 million, LEED-certified, C-MORE Hale on the Manoa campus, and fills its labs with scientific equipment, such as ...
4 Financial Stock Stories Making News In the Short Trading Day _{2013-07-03, 10:11 pm}
... said Wells Fargo and JPMorgan Chase & Co. ( NYSE:JPM ) will report soon and could take a blow from the collapse in mortgage refinancing that began when the Federal Reserve implied it may soon slow down asset purchases. The Mortgage Bankers ...
Oaks golf course closed; Pelican Point cutting 9 holes _{2013-07-03, 09:58 pm}
... the amount of its debt, $2.8 million. McDaniel said The Oaks' board met with American Gateway Bank, which holds the mortgage on the property. But those negotiations proved fruitless. The Oaks board plans to turn the property over to the bank later ...
Wells Fargo plans Home Preservation Workshop _{2013-07-03, 09:47 pm}
Wells Fargo & Company is hosting a free Home Preservation Workshop in Memphis for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships.
Obama Credit Watchdog Snoops Personal Financial Data _{2013-07-03, 09:44 pm}
Big Brother is watching you - in even more ways than previously known. It turns out the National Security Agency and Internal Revenue Service aren't the only federal agencies gathering sensitive information about you.
Flag retirement ceremony planned in Long Beach on Friday _{2013-07-03, 09:42 pm}
... this time each year, when many think about buying a new flag in time for Fourth of July. The 51-year-old Smith, a mortgage broker, has partnered with the Bixby Knolls Business Improvement Association, Boy Scout Troop 29 and Cub Scout Pack 32 to ...
Yancey's double run lures three to focus on his Council seat _{2013-07-03, 09:39 pm}
... Monteiro, 45, said. "I believe I'm ready." A Cape Verde native who came to the US at the age of 22, he works as a mortgage loan originator. "I want to represent my community," he said. "I'm running because I believe now is the right time to elect ...
Mark Carney boosted again as UK's services growth storms ahead _{2013-07-03, 09:38 pm}
... members were voting for a rate rise." The Bank's latest credit conditions survey predicted "significant demand" for mortgage loans driven by Funding for Lending and the Government's Help to Buy scheme would continue for the next three months. Larger ...
Susan Tompor: Rates on savings nowhere to go but up? _{2013-07-03, 09:27 pm}
... fill up an SUV's gas tank this summer on the interest you'd make on $10,000 saved in a typical one-year CD. While mortgage rates have edged upward, though, it could be quite some time before savers benefit from significantly higher rates. Many banks ...
Mortgage rates retreat after last week's jump _{2013-07-03, 09:21 pm}
A 30-year fixed-rate mortgage averaged 4.29 percent in the week ending July 3, down from 4.46 percent last week, according to Freddie Mac's weekly rate report A 15-year fix fell to 3.39 percent, down from 3.50 percent.
Moore puts ordinance requiring storm shelters in homes on hold _{2013-07-03, 09:13 pm}
... How much the shelters will cost and how the community will respond to those costs are their biggest concerns, so mortgage expert Kelly Griggs calculated just how much it would be each year. He found that it could be as little as $14 a month. "Some ...
Delaware Supreme Court weighs whether former Countrywide shareholders can pursue lawsuit_{2013-07-03, 09:05 pm}
The Delaware Supreme Court is considering whether former shareholders of Countrywide Financial Corp. should be allowed to pursue a federal lawsuit filed against leaders of the former mortgage lending giant before it was acquired by Bank of America in a hastily arranged buyout in 2008.

Thursday, April 18, 2013

the Country's in the Very Best of Hands: Foreclosure Settlement...

... Tuesday, some of the first people to receive payouts under the $9.2 billion deal between federal regulators and the mortgage industry called into a government hotline to report that their bank would not cash their check." Problem fixed now, but as ...

http://pjmedia.com/instapundit/167305/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+instapundit%2Fpodcast+%28Instapundit+Podcast%29

Over valuation claim against lender dropped

... on the value and anticipated rent return of the property in Cobham, Surrey. Mr Scullion had applied for a A 283,000 mortgage against the A 353,000 purchase price, which the valuation agreed with. The valuer's report also indicated an expected rent ...

http://www.landlordzone.co.uk/blog/news/over-valuation-claim-against-lender-dropped

Fewer underwater mortgages could mean highest prices since boom years

From the April issue: Home equity is back! And it's growing fast: According to the latest data from the Federal Reserve, Americans' net equity holdings in their homes jumped by nearly half a trillion dollars during the last three months of 2012, and have increased by $1.7 trillion since the spring of 2011.

http://therealdeal.com/blog/2013/04/18/fewer-underwater-mortgages-could-mean-highest-prices-since-boom-years/

Personal insolvency guide launched

... at the end of which they will still be no debt write off bonanza and borrowers will still have to pay off the mortgage, though this will be limited to the value of one's house with only negative equity forgiven. There will be a number of strict ...

http://www.businessworld.ie/livenews.htm?a=3055515

Personal Insolvency: No debt let-off

... levels of disposable income, and then recommencing one's life at the end of this period still encumbered with a mortgage, however the mortgage will be limited to the value of one's home. All that will be forgiven is the negative equity in a mortgage ...

http://www.businessworld.ie/livenews.htm?a=3055483

Homebuying surge continues, reports say

Two new reports suggest the hot residential real estate market continues to surge nationally. And one local mortgage company says the trend is the same in Sacramento. Two new reports suggest the hot residential real estate market continues to surge ...

http://www.bizjournals.com/sacramento/news/2013/04/18/homebuying-surge-continues-reports-say.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_10+%28Venture+Capital+Industry+News%29

Spain approves new eviction law

- Spain's parliament has approved a new mortgage law it hopes will calm a national outcry over the dramatic increase in evictions in recent years but anti-eviction lobbyists said the law was insufficient. The bill was approved Thursday on the ...

http://www.ledger-enquirer.com/2013/04/18/2469168/spain-approves-new-eviction-law.html#storylink=rss

Churchill Mortgage Adds 16 Employees, More Than 150 Years of Industry Expertise to Multiple Branches

Churchill Mortgage , a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 26 states, announced the addition of 16 new employees to its branches in Tennessee, Texas, Virginia and Washington State, adding more than 150 years of combined industry experience.

http://www.businesswire.com/news/topix/20130418005774/en

Bring Bank of America Back to Lending

HR 1077 Introduced Richard M. Bettencourt, the new government affairs chair of the National Association of Mortgage Brokers, discusses HR 1077 and other events from the group's legislative conference.

http://www.nationalmortgagenews.com/national-real-estate-post/?id=1035784

Fixed Rates Get a Little Lower in Freddie Survey

FHFA Working on New Private MI Standards

Loan Demand Picks Up Steam

Mortgage applications rose 5 percent last week as mortgage rates declined, the Mortgage Bankers Association reported in its weekly mortgage market survey for the week ending April 12, which was released Wednesday.

http://realtormag.realtor.org/daily-news/2013/04/17/loan-demand-picks-up-steam

Regional bank Fifth Third Bancorp profit dips

... company history,' said Kabat, who pointed to strength in commercial and industrial lending and also in residential mortgage loans. Fifth Third has been rebounding from the effects of the hard-hit housing market during the recession, especially in ...

http://www.freep.com/article/20130418/BUSINESS/304180123/1002/business

Mortgage relief checks go out, only to bounce

Relief checks issued as part of a multibillion-dollar settlement over foreclosure abuses have bounced, an unfortunate twist for consumers who have already been caught up in problems over reviews of troubled mortgage loans.

http://www.telegram.com/article/20130418/NEWS/304188839/1237

Obama considering economist Zandi to head U.S. housing regulator

... readers. WASHINGTON, April 18 (Reuters) - President Barack Obama is preparing to name a new regulator to oversee mortgage financiers Fannie Mae and Freddie Mac, and economist Mark Zandi is at the top of the list of candidates, according to people ...

http://www.theglobeandmail.com/try-it-now/try-it-now-rob-insight/?contentRedirect=true&articleId=11366892

Median San Diego Home Price Up Nearly 20%

... market's sidelines waiting to be sure the recovery was real." A gradual shift occurred as the economy picked up and mortgage rates fell to historic lows, which coincided with increased demand, especially in middle and higher-priced neighborhoods ...

http://ranchobernardo-4sranch.patch.com/articles/median-san-diego-home-price-up-nearly-20

UPDATE 1-Lacker- Fed should mull stopping mortgage bond purchases

The Federal Reserve should consider halting its purchases of mortgage bonds as the U.S. housing market recovers, Richmond Fed President Jeffrey Lacker said on Thursday.

http://www.reuters.com/article/2013/04/18/usa-fed-lacker-idUSL2N0D50ZI20130418?feedType=RSS&feedName=bondsNews

30-year mortgage rate declines to 3.41%

The average rate on the 30-year fixed-rate mortgage declined to 3.41% in the week ending April 18 from 3.43% in the prior week, remaining close to a record low, Freddie Mac said Thursday in its weekly report.

http://www.marketwatch.com/story/30-year-mortgage-rate-declines-to-341-2013-04-18-1091010?siteid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20marketwatch%2Fmarketpulse%20(MarketWatch.com%20-%20MarketPulse)

Bank Of America To Settle In Class Action Lawsuit

Bank of America has agreed to pay $500 million to settle a class action lawsuit brought by investors who bought mortgage investments from Countrywide Financial.

http://rochesterhomepage.net/fulltext?nxd_id=383962

Millennials get houses before getting hitched

There's love and marriage and then there's love and a mortgage. Millennial couples are more likely to buy a house together before they take their wedding vows than their parents and grandparents were, according to a new Coldwell Banker Real Estate survey.

http://www.wisinfo.com/apps/pbcs.dll/article?AID=2013304180273

Sonoma County home sales slow in March

... The latter include bank-owned foreclosures and short sales, where the sales price is less than the amount of the mortgage. Among homes with equity, activity is up in the county this year. New listings in this segment rose 14 percent for the first ...

http://www.petaluma360.com/article/20130417/BUSINESS/130419561/0/PT07

Bank Of America: Buy A Dollar For Around 85 Cents

... will exceed this amount because BAC is becoming more capital efficient in its business as, for example, the legacy mortgage, structured credit, and private equity portfolios run off; this is referred to as risk-weighted assets or RWA mitigation). ...

http://seekingalpha.com/article/1350851-bank-of-america-buy-a-dollar-for-around-85-cents?source=feed

Shares of HXM Down 53.9% Since Downtrend Call on Shares

SmarTrend identified a Downtrend for Desarrolladora Homex SAB de CV on February 12th, 2013 at $12.68. In approximately 2 months, Desarrolladora Homex SAB de CV has returned 53.93% as of today's recent price of $5.84. Over the past year, Desarrolladora Homex SAB de CV has traded in a range of $5.51 to $17.75 and is now at $5.84, 6% above that low.

http://technews.tmcnet.com/news/2013/04/18/7072441.htm

Mortgage rates near record lows

Long-term mortgage rates have fallen for the third straight week, and the average rate on a 30-year fixed-rate mortgage is nearing its all-time low.

http://www.bizjournals.com/washington/breaking_ground/2013/04/mortgage-rates-near-record-lows.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_washington+%28Washington+Business+Journal%29

UBS Investor Watch Finds Confidence Improves as Investors Redefine Risk

... believing there is "good debt" and "bad debt." "Good debt" is associated with making a sound investment, such as a mortgage on a primary home, paying for education or short-term borrowing to avoid selling an asset that is expected to appreciate or ...

http://www.businesswire.com/portal/site/topix/index.jsp?ndmViewId=news_view&newsId=20130418005288&newsLang=en&ndmConfigId=1000639&vnsId=41

Fitch: Spike in Starts a Sign That U.S. Housing is Now Thriving

... gained market share last year and are poised to follow suit in 2013. What's more, still-attractive home prices, low mortgage rates and a rise in nominal incomes are resulting in superior affordability and valuations,' said Managing Director and lead ...

http://www.businesswire.com/portal/site/topix/index.jsp?ndmViewId=news_view&newsId=20130418005859&newsLang=en&ndmConfigId=1000639&vnsId=41

Sveriges Bostadsfin UK Regulatory Announcement: SBAB Bank: Decisions...

At the Annual General Meeting of SBAB Bank AB this Thursday, Board Members Per Anders Fasth, Jakob Grinbaum, Ebba Lindso, Karin Moberg and Christer Aberg were re-elected. The AGM elected Bo Magnusson, Kristina Ekengren and Jane Lundgren-Ericsson as new Board Members.

http://www.businesswire.com/portal/site/topix/index.jsp?ndmViewId=news_view&newsId=20130418005868&newsLang=en&ndmConfigId=1000639&vnsId=41

You're kidding, right? Foreclosure settlement checks bounce

... the incident won't do much to bolster consumer confidence. The settlement was announced April 12 and involved 13 mortgage servicers. Checks were sent to more than 4 million borrowers and about 500,000 have already been cashed, according to the ...

http://www.bizjournals.com/portland/morning_call/2013/04/youre-kidding-right-mortgage-relief-c.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_54+%28Residential+Real+Estate+Industry+News%29

BofA Countrywide settlement offers redemption for PERS

... nationwide. The lawsuits, including one filed by PERS, alleged that Countrywide misled investors into buying risky mortgage-backed securities prior to the market crash. The typical recovery in securities class action cases, according to the state ...

http://www.bizjournals.com/portland/morning_call/2013/04/bofa-countrywide-settlement-offers-some.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_54+%28Residential+Real+Estate+Industry+News%29

Churchill Mortgage Adds 16 Employees, More Than 150 Years of Industry Expertise to Multiple Branches

Labour incompetence lets down first time buyers in Wales.

... How? Because the recent budget contained an announcement that the Government would roll out a A 130bn Help-to-Buy mortgage guarantee scheme to help UK buyers get on to the housing ladder from next year. As a result, says Mr Sargeant, "The ...

http://aberdareonline.co.uk/content/labour-incompetence-lets-down-first-time-buyers-wales

Lone Star, Wells Fargo in talks to buy Eurohypo portfolio: source

... put up for sale by Commerzbank ( Germany's second-largest lender is selling the UK property loans business of its mortgage unit Hypothekenbank Frankfurt International, formerly known as Eurohypo as a way to cut down the size of its balance sheet. ...

http://www.reuters.com/article/2013/04/18/us-commerzbank-eurohypo-lonestar-idUSBRE93H0J920130418?feedType=RSS&feedName=innovationNews

Horror in Middle-Class Paradise as Tishman, BlackRock Bungle Deal: Books

... tale: The buyers had only a small equity stake in the deal, and the lenders had little risk. After mortgage money was raised for the purchase, the mortgages were bundled and sold off. "With no stake in the mortgage, the banks had little financial ...

http://www.bloomberg.com/news/2013-04-18/horror-in-paradise-as-tishman-blackrock-bungle-deal.html

Surge in new home inquiries

... year," he said. Alongside this initiative, Persimmon is also working with the government to develop the Government Mortgage Guarantee Scheme, which is to be launched from January 1. This scheme is expected to help lenders provide greater access to ...

http://www.kentonline.co.uk/kent_business/home/2013/april/18/new_home_inquiries.aspx

Southern California washes away foreclosure impact

... John Walsh, DataQuick president. He added, "But gradually the psychology shifted as the economy picked up steam and mortgage rates fell to historic lows. We're seeing the release of a lot of pent-up demand, especially in the middle and higher-priced ...

http://www.housingwire.com/news/2013/04/17/southern-california-washes-away-foreclosure-impact?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29

Mortgage lender Equitable Group has curb appeal

Toronto-based niche mortgage lender Equitable Group Inc. has a $600-million market cap, and in addition to the mortgage business it has deposit services and is a provider of Guaranteed Investment Certificates.

http://www.theglobeandmail.com/globe-investor/investment-ideas/mortgage-lender-equitable-group-has-curb-appeal/article11366599/?cmpid=rss1

Is London's property market about to grind to a halt?

... market became increasingly reliant on borrowed money. According to Cluttons, 74 per cent of buyers bought with a mortgage in 2012, up from 49 per cent in 2011. Perversely, the EU's rules might actually make it easier for some bankers to buy high-end ...

http://www.newstatesman.com/business/2013/04/londons-property-market-about-grind-halt

CFPB Will Face Senate Banking Committee Next Week, Will Likely Face...

... expenditure," an anonymous senior banking industry official told Politico. The agency, founded in the wake of the mortgage meltdown and the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act , contends that in order to carry out its ...

http://au.ibtimes.com/articles/458741/20130418/cfpb-richard-cordray-senate-hearing-senate-banking-committee-hears-cfpb-director-is-the-cfpb-collect.htm

Wells Fargo Asks Judge to Dismiss U.S. Mortgage Loans Suit

Source: Bloomberg News Wells Fargo & Co. asked a judge to dismiss a suit by the U.S. government claiming the bank made reckless mortgage loans that caused losses for a federal insurance program.

http://www.democraticunderground.com/1014458080

Bankrate: Mortgage Rates Slump for 5th Straight Week

The average 30-year fixed mortgage has an average of 0.32 discount and origination points.

http://www.prnewswire.com/news-releases/bankrate-mortgage-rates-slump-for-5th-straight-week-203569031.html

Foreclosures up in Westchester in First Quarter: County Clerk

... Opportunities (WRO), a non-profit housing agency with offices in White Plains and Mount Vernon, conducts Mortgage Default Orientation sessions most . For more information on the Office of the Westchester County Clerk, please visit ...

http://www.WhitePlainsCNR.com/modules.php?name=News&file=article&sid=9574

Are VA Loans Assumable

When interest rates rise, many people become interested in assumable loans because loans taken out in the past are at a lower interest rate than you can currently get a mortgage for.

http://www.blownmortgage.com/are-va-loans-assumable

LRES Introduces Enhanced Workflow Management Capabilities to Vendor Portal Website for Appraisers

LRES , a national provider of commercial and residential valuations and asset management for the mortgage, banking, credit union and real estate industries, announced new features to its vendor portal website designed to enable licensed appraisers the ability to manage their residential and commercial property appraisal orders more efficiently.

http://www.businesswire.com/news/topix/20130418005799/en

Losers List: Parker Drilling Company, Prospect Global Resources Inc,...

... Corp(NYSE:TWO) went down 2.93% and closed at $11.59.Two Harbors Investment Corp. released a webinar titled "Mortgage REIT Primer." The webinar provides general information about real estate investments trusts, mortgage REITs and Two Harbors' ...

http://www.sbwire.com/press-releases/losers-list-parker-drilling-company-prospect-global-resources-inc-two-harbors-investment-corp-forest-oil-corporation-239560.htm

Home Loan Servicing Solutions Ltd (HLSS) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS

... ratio of 14.41. Home Loan Servicing Solutions, Ltd is a development-stage company. The Company is formed to acquire mortgage servicing assets, primarily subprime and Alt-A mortgage servicing rights and associated servicing advances.

http://www.americanbankingnews.com/2013/04/18/home-loan-servicing-solutions-ltd-hlss-releases-quarterly-earnings-beats-estimates-by-0-01-eps/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+AmericanBankingNews+%28American+Banking+News%29

Penny Stocks in Spot Light - Medinah Minerals Inc,Freddie Mac PFD Z, X-Change Corp,SaviCorp

... of +56.49%. Along with these, its year to date performance remained progressive+183.53%.Federal Home Loan Mortgage Corporation provides credit guarantee for residential mortgages originated by mortgage lenders and invests in mortgage loans and ...

http://www.sbwire.com/press-releases/penny-stocks-in-spot-light-medinah-minerals-incfreddie-mac-pfd-z-x-change-corpsavicorp-239580.htm

First Internet Bancorp Reports First Quarter Financial Results

... with $67.33 million at March 31, 2012. Net interest income after provision for loan loss, reflecting retained mortgage and commercial loan growth and lower interest expense, was $3.68 million in first quarter 2013 compared with $3.36 million in ...

http://www.businesswire.com/news/topix/20130418005786/en

Real Estate Report: HARP to continue for another year

... allows homeowners to refinance without the typical equity requirements. In most cases, the appraisal is waived and mortgage insurance may not be required. Many lenders were hesitant to participate until recently, when FHFA loosened the buy back ...

http://www.eveningsun.com/localbiz/ci_23051686/real-estate-report-harp-continue-another-year

UBS Investor Watch Finds Confidence Improves as Investors Redefine Risk

... believing there is "good debt" and "bad debt." "Good debt" is associated with making a sound investment, such as a mortgage on a primary home, paying for education or short-term borrowing to avoid selling an asset that is expected to appreciate or ...

http://www.businesswire.com/news/home/20130418005288/en/UBS-Investor-Watch-Finds-Confidence-Improves-Investors

CBRE Group, Inc. Announces First Quarter 2013 Earnings Conference Call and Webcast

... and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our ...

http://www.businesswire.com/news/topix/20130418005465/en

Wednesday, April 17, 2013

Bank of America profits jump six-fold

... The bank also reported lower revenues and profits in its consumer real estate services division due to lower mortgage banking income. "We reduced non-interest expense by nearly $1 billion year-over-year, and credit costs continued to decline," he ...

http://au.news.yahoo.com/thewest/business/a/-/world/16781506/bank-of-america-profits-jump-six-fold/

BofA Earnings Up Nearly Seven Times From Last Year

... at a Bank of America ATM office in Boston. Bank of America Corp. says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown. Under the deal announced Monday, Jan. 7, 2013, the bank will pay $3.6 billion to ...

http://www.huffingtonpost.com/2013/04/17/bank-of-america-q1-2013-earnings_n_3099126.html?utm_hp_ref=business&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+HP%2FBusiness+%28Business+on+The+Huffington+Post%29

Weak earnings, falling oil prices push stocks down

... also said that it had agreed to pay $500 million to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, a lender it acquired in 2008. Energy stocks dropped 1.9 percent, the most of the 10 ...

http://www.wdbo.com/ap/ap/top-news/weak-earnings-falling-oil-prices-push-stocks-down/nXN8C/

Want that $1 million home? Better have one year of cash reserves

... down payments of at least 20 percent and prove they have enough reserves on hand to cover at least one full year of mortgage payments, The Wall Street Journal reported. The requirements increase with the size of the loans. Bank of America, for ...

http://www.bizjournals.com/baltimore/blog/real-estate/2013/04/want-that-1-million-home-better-have.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_baltimore+%28Baltimore+Business+Journal%29

Bank of Canada maintains overnight rate target at 1 per cent

... agricultural prices to consumer prices. Total CPI inflation has been restrained by low core inflation and declining mortgage interest costs, with some offset from higher gasoline prices. Both total and core inflation are expected to remain subdued ...

http://www.newswire.ca/en/story/1147607/bank-of-canada-maintains-overnight-rate-target-at-1-per-cent

Stocks slump on weak earnings

Higher investment banking revenue was offset by lower mortgage banking income. bounced back after opening lower, one day after the company reported lousy first-quarter sales and issued a downbeat outlook.

http://money.cnn.com/2013/04/17/investing/stocks-markets/index.html?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29

Bank of America Cuts Most Workers in First Quarter to Trim Costs

... at the height of the financial crisis. Moynihan told analysts on Jan. 17 that the bank will slice deeper into its mortgage team. "There's nothing more important in our company than getting this done as quickly as possible," he said. Bank of America, ...

http://washpost.bloomberg.com/Story?docId=1376-MLD3MM1A1I4G01-6HH5LULC6OLGTTPOCE29KI74F4

Bank of America to settle mortgage investors' class-action

NEW YORK - Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008.

http://www.arkansasonline.com/news/2013/apr/17/bank-america-settle-mortgage-investors-class-actio/

Bank of America profit jumps to $2.25 billion

... in loan growth to small businesses and middle-market companies, four straight quarters of steady growth in mortgage originations, record earnings in wealth management, and another quarter near the top in investment banking fees show we are balanced, ...

http://www.bizjournals.com/charlotte/blog/bank_notes/2013/04/bank-of-america-profit-jumps-to-225.html

Bank of America will settle class-action mortgage suit

Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial , the California-based lender it acquired in 2008.

http://www.oregonlive.com/business/index.ssf/2013/04/bank_of_america_will_settle_cl.html

Wells Fargo and mortgage crisis fallout

By Scott Blake With Miami's housing market still reeling from the mortgage crisis, Wells Fargo Bank is working from both sides of the fallout.

http://www.miamitodaynews.com/news/130418/story6.shtml

IMF urges Fed, central banks to monitor stimulus

... lows at least until unemployment falls to 6.5 percent. And it is purchasing $85 billion a month in Treasury and mortgage bonds to lower long-term rates and encouraging more borrowing. The effect on interest rates has also encouraged investors to ...

http://cnsnews.com/news/article/imf-urges-fed-central-banks-monitor-stimulus

Help scheme for homebuyers dropped

... UK Treasury on exactly how the Help to Buy scheme would apply in Wales. She said part of Help to Buy, offering a mortgage guarantee to make more home loans more available for people with small deposits, was to be made available in Wales. But Ms ...

http://www.bbc.co.uk/news/uk-wales-22189232#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

I.M.F. Urges Fed and Others to Monitor Stimulus

... futures are down 98 points to 14,587. SP futures have lost 12.1 points to ... BofA Misses Estimates as Lower Mortgage Income Crimps Results Bloomberg Bank of America Corp. reported a jump in first-quarter profit that missed some analysts' ...

http://www.mortgagenewsdaily.com/channels/aroundtheweb/archive/2013/4/17.aspx#304761

Federal Reserve provides information on checks sent under Independent ...

... - MERSCORP Holdings, Inc. today announced that the Court of Appeals for the State of Georgia has ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and other defendants, by affirming two separate lower court decisions that had ...

http://www.mortgagenewsdaily.com/channels/aroundtheweb/archive/2013/4/17.aspx#304759

Research Analysts' Ratings Reiterations for April, 17th (AMCX,...

... on NII as the company continues to take a long-term view and has been unwilling to add new fixed residential mortgage into portfolio at historically low interest rates. Consequently, loans contracted at a 10% annualized pace, which contributed to ...

http://www.americanbankingnews.com/2013/04/17/research-analysts-ratings-reiterations-for-april-17th-amcx-apa-ascma-bg-cpg-cth-goog-hban-hl-hsp/

Want that $1 million home? Better have one year of cash reserves

... down payments of at least 20 percent and prove they have enough reserves on hand to cover at least one full year of mortgage payments, The Wall Street Journal reported. The requirements increase with the size of the loans. Bank of America , for ...

http://www.bizjournals.com/baltimore/blog/real-estate/2013/04/want-that-1-million-home-better-have.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_2+%28Commercial+Banking+Industry+News%29

Fed-foreclosed borrowers had problems cashing settlement checks

... have already cashed or deposited checks related to the agreement reached by federal bank regulatory agencies and 13 mortgage servicers, the Fed said. Some 4.2 million borrowers are eligible to receive payments. "The Board will continue to monitor ...

http://www.reuters.com/article/2013/04/17/usa-banks-foreclosure-settlement-idUSL2N0D40QA20130417?feedType=RSS&feedName=bondsNews

UPDATE 1-Canadian house prices rise 0.4 pct in March from Feb - Teranet

... regained some strength in March after a long slow winter of decline following the government's move to tighten mortgage lending rules in July 2012. Residential real estate activity typically picks up in the spring, and economists have been waiting ...

http://www.reuters.com/article/2013/04/17/canada-economy-housing-idUSL2N0D40R220130417?feedType=RSS&feedName=bondsNews

Chicago Equity Partners Hires Paul LaCoursiere as Fixed Income...

... J. Budd has been promoted to Managing Director. Budd is a Senior Fixed Income Portfolio Manager specializing in the mortgage, asset-backed, and agency sectors. He is a founding member of the Fixed Income team and is responsible for developing the ...

http://www.businesswire.com/news/topix/20130417005093/en

Greystonea s Chicago Office Originates 19 Fannie Mae Loans in Q1 2013

Greystone, a leading national provider of multifamily and healthcare mortgage loans, today announced that the firm's Chicago office has originated 19 multifamily Fannie Mae loans in the first quarter of 2013 through the company's Delegated Underwriting and Servicing platform.

http://www.businesswire.com/news/topix/20130417005087/en

Bank of America profit jumps to $2.25 billion, is shy of expectations

... in loan growth to small businesses and middle-market companies, four straight quarters of steady growth in mortgage originations, record earnings in wealth management, and another quarter near the top in investment banking fees show we are balanced, ...

http://www.bizjournals.com/seattle/morning_call/2013/04/bank-of-america-profit-jumps-to-225.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_6+%28Investing+Industry+News%29

Carney Keeps Rate-Increase Bias While Chopping Forecast

... signs of "overbuilding" of multiple-unit housing in some cities, it said. Flaherty has acted four times to make mortgage lending rules more restrictive on concern that Vancouver and Toronto markets were overheating. His March 21 budget also outlined ...

http://www.bloomberg.com/news/2013-04-17/carney-keeps-rate-increase-bias-while-chopping-forecast.html

CEO: Riskier lending 'ain't gonna happen' at U.S. Bank despite rev drop

... and May.) The revenue drop - down 1.1 percent from Q1 2012 and 4.7 percent from Q4 2012 - came primarily from lower mortgage fee income and seasonal effects on other fees, Davis said. Despite the mortgage business slowdown, the bank sees continued ...

http://www.bizjournals.com/denver/news/2013/04/17/ceo-riskier-lending-aint-gonna.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_6+%28Investing+Industry+News%29

PNC: 1Q growth may be tough to sustain

... operations "to a sustainable size," building its wealth and investing initiatives as well as its institutional and mortgage businesses. "Long-term, over years," Demchak said, PNC must "rebuild and rethink the retail business." PNC closed 30 branches ...

http://www.bizjournals.com/pittsburgh/news/2013/04/17/pnc-1q-growth-may-be-tough-to-sustain.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_6+%28Investing+Industry+News%29

DataQuick Helps Lenders Identify Key Prospective Borrowers With New Customer Acquisition Solutions

)-- DataQuickA , a Mortgage Technology Top 50 service provider , has segmented its National Property Database into targeted prospect files enabling lenders, marketing managers and business development associates to more accurately identify home ...

http://eon.businesswire.com/news/eon/20130417005875/en/DataQuick-Helps-Lenders-Identify-Key-Prospective-Borrowers

Labour let down first time buyers

The Welsh Housing Minister told an Assembly Committee today that a mortgage guarantee scheme, that has been under development for over a year, is being abandoned because the housebuilders they were working with on it have pulled out.

http://peterblack.blogspot.com/2013/04/labour-let-down-first-time-buyers.html

BofA posts 1Q profit, mortgage originations show signs of life

... improved credit quality across all portfolios and higher investment banking fees. The company reported lower mortgage banking income for the period, but also said first-lien mortgage production rose 57% from a year earlier reaching a total of $24 ...

http://www.housingwire.com/news/2013/04/17/bofa-posts-1q-profit-mortgage-banking-mixed-bag

Five Ten Capital Announces $100mm Funding Agreement with Deutsche Bank

... Five Ten currently operates, Five Ten expects to expand into Texas and Missouri with this additional funding. "The mortgage-backed securities market has proven through time to be an efficient and vital source of real estate financing, and we believe ...

http://eon.businesswire.com/news/eon/20130417005373/en/Ten-Capital-Announces-100mm-Funding-Agreement-Deutsche

Google Accounts - Server Error

... lectures on FHA borrowing, credit, asset and home-buying best practices, and has written more than 500 articles on mortgage lending and borrowing. Robert administers all consumer real estate transactions for Southwest...

http://www.examiner.com/article/google-accounts-server-error?cid=rss

When Renting Makes More Sense Than Owning

A couple of years ago, three to be exact, my youngest son was finishing up college and my wife suggested to me that she'd like to downsize our primary residence.

http://www.biggerpockets.com/renewsblog/2013/04/17/renting-owning/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+RealEstateNewsForReal+%28Real+Estate+News+For+Real+%7C+A+BiggerPockets+Blog%29

Penny Stock Runners - Pta Holdings in (Pink:Ptah), Freddie Mac PFD Z...

... beta value stands at 1.26 times.FREDDIE MAC PFD Zprovides credit guarantee for residential mortgages originated by mortgage lenders and invests in mortgage loans and mortgage-related securities in the United States. For How Long FMCKJ's Gloss will ...

http://www.sbwire.com/press-releases/penny-stock-runners-pta-holdings-in-pinkptah-freddie-mac-pfd-z-otcfmckj-carbon-credits-international-inc-pinkcarn-force-energy-corp-pinkforc-238963.htm

Investor's Picks - Catalyst Resource Group, Inc. (PINK:CATA),...

... million shares for the day, in comparison to its average trading volume of 11.08 million shares.Expert Group Inca mortgage broker, provides mortgages on commercial and personal real property. For How Long EXPU will fight for Profitability? Read This ...

http://www.sbwire.com/press-releases/investors-picks-catalyst-resource-group-inc-pinkcata-harmonic-energy-inc-pinkasuv-expert-group-inc-pinkexpu-baristas-coffee-co-pinkbcci-238979.htm

Movers to Watch - Fannie Mae PFD S (Otc:Fnmas), Central European...

... volume of 8.11 million shares.FANNIE MAE PFD Sprovides liquidity and stability support services in the secondary mortgage market in the United States. Has FNMAS Found The Bottom and Ready To Move Up? Find Out Here Central European Distribution Corp( ...

http://www.sbwire.com/press-releases/movers-to-watch-fannie-mae-pfd-s-otcfnmas-central-european-distribution-corp-pinkcedcq-petrosonic-energy-inc-pinkpson-mediswipe-inc-pinkmwip-238983.htm

IMF urges Fed, central banks to monitor stimulus

... lows at least until unemployment falls to 6.5 percent. And it is purchasing $85 billion a month in Treasury and mortgage bonds to lower long-term rates and encourage more borrowing and spending. The effect on interest rates has also encouraged ...

http://washingtonexaminer.com/imf-urges-fed-central-banks-to-monitor-stimulus/article/feed/2089930?custom_click=rss

First Take: Bank of America struggles in banking

... $1 billion in costs. It shed nearly 6,000 employees. Revenue rose 5.5%. But the results were weighed down by lower mortgage-banking income and lower net gains on the sales of debt securities. B. of A.'s inability to mine better conditions in the ...

http://www.marketwatch.com/story/bank-of-america-struggles-in-banking-2013-04-17?siteid=rss&rss=1

Bank of America profits rise, miss forecasts

... year. The company set aside almost $1 billion less to cover loan losses than it did in early 2012. But income from mortgage operations dropped, the company said. "Solid increases in loan growth to small businesses and middle-market companies, four ...

http://www.usatoday.com/story/money/business/2013/04/17/bank-of-america-earnings/2088955/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomMoney-TopStories+%28Money+-+Top+Stories%29

Futures Falling; Bank of America, Textron Down

... the bank has been able to reduce its expenses, signs of growth amid chronically low interest rates and an ebbing mortgage market are hazy. Shares of Textron ( TXT ) are down 10% after disappointing first-quarter earnings and a full-year outlook well ...

http://blogs.barrons.com/stockstowatchtoday/2013/04/17/futures-falling-bank-of-america-textron-down/?mod=BOL_hpp_latestticker

Bank of America profit falls

Danske Bank Dungannon flicks the switch on new A 500 mortgage deal

HOUSE hunters and home owners in Dungannon could benefit from a major new campaign from Danske Bank aimed at attracting new mortgage customers and boosting the mortgage market.

http://www.midulstermail.co.uk/news/business/danske-bank-dungannon-flicks-the-switch-on-new-500-mortgage-deal-1-5006199

5 smart ways to use your tax return

... be in a great position to take advantage of depressed housing prices and non-predatory loans. If you're already a mortgage holder, paying off your mortgage principal early can help you save money in interest. Check with your mortgage lender to see ...

http://www.msnewsnow.com/story/21994706/5-smart-ways-to-use-your-tax-return

Bank of America to settle mortgage investors' class-action lawsuit

Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008.

http://www.nypost.com/p/news/business/bank_of_america_NqRJ9VuAKfwu3ERDReCpoL?

BofA in $500 million settlement with mortgage investors

Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage securities.

http://www.courant.com/business/sns-rt-us-countrywidefinancial-lawsuitbre93g0hf-20130417,0,3084587.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Courant%2FBusiness%2FNationWorld+%28courant.com+-+National+BUSINESS+UPDATES%29

Bank of America profit misses estimates as revenue falls

... items, from $1.7 billion. Chief Executive Brian Moynihan has made progress in building capital and settling mortgage-related lawsuits since taking over in January 2010. The bank said on Wednesday it had settled a mortgage-backed securities class ...

http://www.courant.com/business/sns-rt-us-bankofamerica-resultsbre93g0f1-20130417,0,291952.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Courant%2FBusiness%2FNationWorld+%28courant.com+-+National+BUSINESS+UPDATES%29

BofA to settle mortgage investors' class-action

- Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation's second biggest bank ...

http://www.newsobserver.com/2013/04/17/2831140/bank-of-americas-profit-soars.html#storylink=rss

Bank of America Down Early After Earnings Report

Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008.

http://news.investors.com/newsfeed-ap/041713-437321-bofa-to-settle-mortgage-investors-class-action.aspx?ref=HPLNews

BofA Misses Estimates as Mortgage Banking Weighs on Results

Bank of America Corp. reported first-quarter profit that missed analysts' estimates as lower mortgage banking income and higher legal costs slowed the firm's turnaround.

http://mobile.bloomberg.com/news/2013-04-17/bofa-misses-estimates-as-lower-mortgage-income-crimps-results.html?

Futures Down, Dollar Rises; Bank Of America, Yahoo Stumble

... bank cut its set-aside for loan losses by nearly a third, to $1.71 billion. Losses in its consumer real estate and mortgage banking operation widened 15% to $1.41 billion. ( YHOO ) backed off 2% in premarket action. It delivered first quarter ...

http://news.investors.com/investing-stock-market-today/041713-652213-futures-point-to-lower-open-wednesday.htm

Bank of America sees profit rise, misses estimate

Bank of America reported income of $2.62 billion in the first quarter, but missed analyst estimates amid less money coming in from mortgage banking.

http://www.bizjournals.com/phoenix/morning_call/2013/04/bank-of-america-sees-profit-rise.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_phoenix+%28Phoenix+Business+Journal%29

City residents have racked up 8m in debt crisis

... debt crisis is sweeping Oxford it is claimed, with one charity reporting its clients are A 8m in the red. A mix of mortgage arrears, credit card and overdraft charges, plus other bills contributed to the A 8m of debt presented to the charity by its ...

http://www.oxfordtimes.co.uk/news/10359039.City_residents_have_racked_up___8m_in_debt_crisis/?ref=nt

Tuesday, April 16, 2013

$25 billion offer: Dish Network bids to buy Sprint Nextel

... Dish price dipped 2.3% and closed at $36.77. Bill Belew has been a professional blogger (pays his Silicon Valley mortgage through blogging) for more than four years. His network begins with BillBelew.com and reaches more than 1.5 million people ...

http://www.examiner.com/article/25-billion-offer-dish-network-bids-to-buy-sprint-nextel

Preparing for New Wave of Mortgage Fraud

Fitch: Short Sales Drive Down RMBS Losses

Recovery Puts FDIC Loss-Sharing on Endangered List

Economics Daily Digest: Taxes? None for me, thanks

... and stepping into the water tank. Roosevelt Institute Fellow Mike Konczal writes that even as the rules for curbing mortgage abuses are being written, regulators are refusing to divulge the evidence they've gathered about those abuses. It's filed ...

http://www.dailykos.com/story/2013/04/16/1202169/-Economics-Daily-Digest-Taxes-None-for-me-thanks

Britain's finance chiefs optimistic on corporate growth

... Scheme, introduced by the Bank of England and the Treasury last summer, seems to have had more of an effect on the mortgage market than on lending conditions for smaller businesses. Deloitte's survey comes after Ernst & Young's Item Club predicted ...

http://www.livecharts.co.uk/share_prices/Britain-s-finance-chiefs-optimistic-on-corpor-news20831921.html

Home building rises to key milestone

... home building and real estate have turned around in recent months, helped by a combination of near record low mortgage rates, lower unemployment and a drop in foreclosures that has lifted home prices. As a result, sales of both previously owned ...

http://www.kcra.com/news/money/Home-building-rises-to-key-milestone/-/11797182/19766984/-/2xty0ez/-/index.html

This Day In Our Past: April 16, 1974

... photo: Watching him (from right) are Paul Thompson, head of the Mutual Housing: Willard Samms, head of the Jamaica Mortgage Bank; and Charles Campbell, head of USAID in Jamaica. - Gleaner Archives Like our new Facebook page ...

http://go-jamaica.com/news/read_article.php?id=44115

US consumer prices drop 0.2 percent on cheaper gas

... until unemployment falls at least to 6.5 percent. It is also buying about $85 billion in Treasury securities and mortgage-backed bonds in an effort to keep longer-term interest rates low and spur more borrowing and spending. However, some economists ...

http://www.telegram.com/article/20130416/NEWS/304168884/1237

DocMagic Delivers Fully Automated Income Verification

... Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, announces an entirely automated service for income verification. DocMagic's 4506-T service provides a quick and ...

http://eon.businesswire.com/news/eon/20130416006101/en/DocMagic-Delivers-Fully-Automated-Income-Verification