Mortgage Loan News
- Stocks Mixed After Inventories, Budget Wednesday, March 10, 2010 @ 11:46PMStocks were mixed and trading in a tight range late Wednesday as the Treasury saw strong demand for its 10-year note auction.
- Fitch Places 3 Classes of DLJ Commercial Mortgage Corp., 1999-CG3 on Watch Negative Wednesday, March 10, 2010 @ 11:45PMNEW YORK----Fitch Ratings has placed the following three classes of DLJ Commercial Mortgage Corp. , series 1999-CG3, on Rating Watch Negative:
- Distress Signals on Crisis Watch Wednesday, March 10, 2010 @ 11:43PMTo be sure, almost without debate, all the financial world has turned to crisis mode. One can safely describe the norm to be crisis proliferation. This theme will clearly continue for the full year in progress. The signs are everywhere. The evidence is compelling.
- Corker Donor Could Benefit From Payday-Loan Exemption (Update1) Wednesday, March 10, 2010 @ 11:32PMSenate proposals to place a consumer financial agency under existing banking regulators could exempt payday loan companies from the new rules.
- Proposal to exempt victims of foreclosures and short sales from big tax bills Wednesday, March 10, 2010 @ 1:05AMState legislation to protect people who lose their houses in foreclosure or short sales from a big tax bill passed a significant hurdle this week, winning Assembly approval. The state Senate is expected to vote on the proposal Thursday.
- Governor candidate wants to open Mich. state bank Wednesday, March 10, 2010 @ 1:04AMLansing Mayor Virg Bernero today proposed having Michigan follow the lead of North Dakota and open a state-owned bank that could make low-interest loans to businesses and college students.
- Primaris Retail REIT Announces Fourth Quarter and Annual Financial Results Wednesday, March 10, 2010 @ 12:55AMTORONTO, ONTARIO--(Marketwire - March 9, 2010) - Primaris Retail REIT (TSX:PMZ.UN) is pleased to report solid financial results. P
- Primaris Retail REIT Announces Fourth Quarter and Annual Financial Results Wednesday, March 10, 2010 @ 12:45AMTORONTO, ONTARIO--(Marketwire - 03/09/10) - Primaris Retail REIT (TSX: PMZ.UN - News ) is pleased to report solid financial results. President and CEO, John Morrison, commented "2009 was a milestone year for Primaris. We successfully completed the transition to the internalized management model and are well positioned for a bright future. Late in the year we completed the most significant ...
- Home prices fall, but at slower rate Wednesday, March 10, 2010 @ 12:10AMWhile home prices in the county continue to drop, the pace at which they are falling is not quite as sharp as it had been.
- Credit Score Undercuts Home Mortgage Plan Tuesday, March 9, 2010 @ 6:23PMWould applying for a home mortgage loan jointly with my wife be better or worse?
- MaineHousing Offers Special Rate For First-Time Homebuyers Tuesday, March 9, 2010 @ 5:44PMThe move was to help eligible first-time homebuyers take advantage of the federal tax credit that expires on April 30.
- Sunrise Community Bank finds niche in smaller inner city-focused loans Tuesday, March 9, 2010 @ 5:42PMTed and Todd Ferrara had almost all the ingredients for a successful business expansion: a well-known, tried-and-true enterprise with a loyal customer base, a new, 31,000-square-foot building in north Minneapolis, and 68 well-trained employees.
- ‘On the Edge’ Banks Face Writedowns on FDIC Auctions Tuesday, March 9, 2010 @ 5:02PMMarch 8 (Bloomberg) -- A Federal Deposit Insurance Corp. plan to auction more than $1 billion in assets seized from failed banks next month, including a loan to build a W Hotel in Atlanta, may trigger...
- ‘On the Edge’ Banks Facing Writedowns After FDIC Loan Auctions Monday, March 8, 2010 @ 3:16PMMarch 8 (Bloomberg) -- A Federal Deposit Insurance Corp. plan to auction more than $1 billion in assets seized from failed banks next month, including a loan to build a W Hotel in Atlanta, may trigger writedowns that weaken lenders nationwide.
- Southwest Florida business briefs: March 8, 2010 Monday, March 8, 2010 @ 3:10PM
- Bond Risk Falls to 6-Week Low on Greece, Dubai: Credit Markets Monday, March 8, 2010 @ 3:09PMMarch 8 (Bloomberg) -- The cost to protect against corporate defaults fell to the lowest in more than six weeks as optimism builds that Greece’s budget crisis will be contained and Dubai is moving closer to restructuring its debt.
- Program Will Pay Homeowners to Sell at a Loss Monday, March 8, 2010 @ 3:04PMDAVID STREITFELD The Obama administration will offer distressed homeowners $1,500 to sell for less than the mortgage balance, along with incentives for banks.
- Bank Rakyat Wants Its Pawn Broking Customers To Update Personal Data Monday, March 8, 2010 @ 3:02PMKOTA BAHARU, March 8 (Bernama) -- Bank Rakyat is requesting its Ar-Rahnu pawn broking customers to update their personal data with the bank in order to prevent their gold jewellery from being auctioned off, in the event they are not claimed.
- Southwest Florida business briefs: March 8, 2010 Monday, March 8, 2010 @ 3:00PMAPPOINTMENTS■ Evette Archer and Rey Baquero have joined Naples News Media Group as advertising account executives.■ The Florida Gulf Coast University Foundation named Keith Callaghan as new director of annual giving. Callaghan will manage four annual campaigns including those for alumni, parents, friends and employees, as well as the University’s premier annual giving program, the President’s ...
- HFF, Inc. Reports Fourth Quarter and Full Year 2009 Financial and Transaction Production Results Monday, March 8, 2010 @ 3:00PMPITTSBURGH----HFF, Inc. reported today its financial and production volume results for the fourth quarter and full year 2009. HFF, Inc. , through its Operating Partnerships, Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. , is one of the leading providers of commercial real estate and capital markets services to the U.S. commercial real estate industry based on transaction volume and is ...
- Modification Actions Drive Record Mortgage Litigation Monday, March 8, 2010 @ 3:00PMLegal actions against mortgage modification firms continued to surge -- pushing overall mortgage litigation activity to the highest level yet, according to the Fourth Quarter Mortgage Litigation Index produced by MortgageDaily.com.
- Rec centre bottom line about $24 M Monday, March 8, 2010 @ 4:34AMOwen Sound will end up spending about $24 million, including interest over 17 years, to build its regional recreation centre if it is forced to pay $16.6 million toward the project in 2012.[...]
- Ten of the best … ways to improve your chances of getting a mortgage Monday, March 8, 2010 @ 4:20AMLenders have indicated that 2010 could see homebuyers struggle to secure a loan. But you can improve your chances of a successful application, says Hilary Osborne The easy availability of mortgages was a key factor behind the credit crunch, and once the global banking system started to implode it was one of the first things to give. Lenders cracked down on loan-to-values and tightened up ...
- Investors Seek Risk, New Bonds as Greece Calms: Credit Markets Monday, March 8, 2010 @ 3:23AMMarch 8 (Bloomberg) -- The cost to protect against defaults on corporate bonds is at the lowest in six weeks and U.S. investment-grade issuance is up fivefold as optimism builds that Greece’s budget crisis will be contained.
- Business People Sunday, March 7, 2010 @ 11:45AMArchitecture
- SUSAN TOMPOR: Think twice before walking away Sunday, March 7, 2010 @ 11:34AMIf murky water is rising around your mortgage, do you bail? Or keep treading and hope home prices rise before you drown? Before you throw up your hands and walk away, here are some things to consider if you are underwater -- owing more on your place than it is worth.
- Hodes speaks to business community in Laconia Sunday, March 7, 2010 @ 11:24AMU.S. Rep. Paul Hodes, D-N.H., a U.S. Senate hopeful, speaks to members of the business community Saturday at Lakes Region Community College. With Hodes are Greater Laconia-Weirs Beach Chamber of Commerce Executive Director Doug Holmes and LRCC President Mark Edelstein.
- Refinance program extended a year Sunday, March 7, 2010 @ 11:19AMWASHINGTON — The Obama administration announced last week that borrowers with little or no equity in their homes will have another year to take advantage of a refinancing program that so far has made little progress.
- JUST APPROVED: Dean Rizzi Sunday, March 7, 2010 @ 11:19AMEach week, The Chronicle talks with Bay Area lenders and brokers about which home loans are getting done. Mortgage broker: Dean Rizzi, Dean Rizzi Mortgage Services, SoMa Property: A two-bedroom, two-bath Western Addition condo Appraised value: $635,000...
- Mason City’s Hancock County connection helped shape community we know today Sunday, March 7, 2010 @ 3:09AMMason City’s growth from a one-horse-town to a modern, progressive community owes much to five individuals who came by way of Hancock County in the early days of the 20th century.
- Rescue Mission of Syracuse to occupy vacant Whitney Avenue building Sunday, March 7, 2010 @ 2:49AMBINGHAMTON -- The main floor of 56-58 Whitney Ave. is bare, save for two swaths of colorful tile from the days when Opportunities for Broome occupied it.
- Centerline Said to Sell Loan Unit to Island Capital (Update1) Sunday, March 7, 2010 @ 12:49AMCenterline Holding Co., a real estate lender, agreed to sell its special servicing and fund- management business to Andrew Farkas’s Island Capital Group LLC, according to two people with direct knowledge of the matter.
- Anthony Westbury: Help is available for those with mortgage woes Sunday, March 7, 2010 @ 12:11AM“It’s the best 14 hours I’ve ever spent in my life, well aside from marrying my husband and having my kids.”Most people aren’t quite so enthusiastic about getting a mortgage loan modified, but Maureen Raithel of Port St. Lucie is walking on air this week.Raithel, 65, spent all those hours waiting for help at the Neighborhood Assistance Corporation of America’s (NACA) “Save the Dream” event at ...
- Real estate seminars focus on careers, tax credits Saturday, March 6, 2010 @ 1:02PMSeveral real estate companies are holding seminars for people interested in the career. Other seminars focus on tax credits for home buyers and loans for home improvements.
- Bad mortgages costing lenders Saturday, March 6, 2010 @ 12:13PMFannie Mae and Freddie Mac may force lenders including Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. to buy back $21 billion of home loans this year as part of a crackdown on faulty mortgages.
- Orleans Homebuilders gets financing approval Saturday, March 6, 2010 @ 2:25AMThe developer Orleans Homebuilders Inc. said Friday that it has received approval from a Delaware bankruptcy court for financing to continue operating after filing for Chapter 11 protection. The builder said it received interim approval for up to $26 million... Delaware - Chapter 11 Title 11 United States Code - Orleans Homebuilders - United States - Law
- LSB Financial Corp. Announces Year-end and Fourth Quarter Results and Payment of a Cash Dividend Saturday, March 6, 2010 @ 2:25AMLSB Financial Corp. , the parent company of Lafayette Savings Bank, FSB, today reported unaudited net income for 2009 of $460,000 or $0.30 per share, compared to net income of $1.74 million or $1.12 per share for 2008, a decrease in both earnings and earnings per share of 73.2%. Â Net income was significantly impacted by asset-quality related issues, and the effect was primarily seen in our ...
- Orleans Homebuilders gets financing approval Saturday, March 6, 2010 @ 2:16AMThe developer Orleans Homebuilders Inc. said Friday that it has received approval from a Delaware bankruptcy court for financing to continue operating after filing for Chapter 11 protection.
- Kushner Debt on 666 Fifth Sent to Special Servicer (Update3) Saturday, March 6, 2010 @ 2:11AMMarch 5 (Bloomberg) -- Kushner Cos. turned over the debt on midtown Manhattan’s 666 Fifth Ave. to a special servicer after occupancy and rental income dropped at the office tower, which set a record in 2007 as the most expensive U.S. building.
- CSET will do rehab work on foreclosed homes Friday, March 5, 2010 @ 9:39PMOn Tuesday night during its regularly scheduled meeting, the City Council voted 3-2 to enter into an agreement with the Community Services and Employment Training, Inc. (CSET) to provide training and jobs for local residents to fix up the foreclosed...
- Mortgage company owner sentenced in fraud scheme Friday, March 5, 2010 @ 9:31PMFrederick Earle Deen, 30, was sentenced to 24 months in prison today for his role in a $20 million mortgage fraud scheme that operated in the Twin Cities.
- A.M. Best Affirms Ratings of Pacific Life Insurance Company and Its Subsidiary; Assigns Rating to New Senior Notes Friday, March 5, 2010 @ 9:30PMOLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit ratings of “aa-” of Pacific Life Insurance Company and its wholly owned subsidiary, Pacific Life & Annuity Company .
- UPDATE 2: Foreclosure crisis could move to commercial loans Friday, March 5, 2010 @ 9:22PMAt a time when many financial analysts are debating whether the economy has turned the corner: another issue could be brewing.
- (AFX UK Focus) 2010-03-05 17:45 UPDATE 2-Freddie Mac US prepayments jump in Feb, March eyed Friday, March 5, 2010 @ 9:13PMBy Julie Haviv
- Top Residential Transactions - March 6 Friday, March 5, 2010 @ 8:57PMIt took three months for Denis and Theresa Lensing to find and purchase 21661 Edison Circle NW, a 12-year-old home built on 4.4 acres in Elk River.
- Pending home sales fall 7.6 percent in Jan. Friday, March 5, 2010 @ 3:29PMThe number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern states.
- End to Fed program seen as housing test Friday, March 5, 2010 @ 3:28PMThe U.S. housing market recovery faces its first real test this month when the Federal Reserve concludes its $1.25 trillion mortgage-bond buying program, Federal Housing Administration Commissioner David Stevens said.
- Briefcase: Mar. 5, 2010 Friday, March 5, 2010 @ 3:03PMNEW YORK
- Fewer people bought homes in January Friday, March 5, 2010 @ 10:12AMWASHINGTON — The number of Americans who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern states.
- Janitor asks CEO for mortgage help Friday, March 5, 2010 @ 6:30AMA Minneapolis family appears to have lost its home, unless the banks respond to a last-ditch appeal. That has bought time but no reprieve so far.
