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Avatar Posted by admin 348 days ago (http://www.foreclosuredataonline.com)
Category: Mortgage Foreclosures | Tags: Foreclosure Scams
Rescue schemes for foreclosure are themselves fraud – warns Catherine Cortez Masto, Nevada Attorney General and Ross Miller, Secretary of State.
According to reliable reports Nevada tops the nation in foreclosure filling numbers. Law enforcement authority said, this is the reason for reported increase in foreclosure scams.
There are companies who say that they [...] read more »
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Avatar Posted by Mortgages 348 days ago (http://mortgages.interest.com)
Category: Mortgages
The Federal Reserve has endorsed a mortgage plan that would provide new protections to home buyers against shady lending practices. The proposal is expected to be enacted in 2008. read more »
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Avatar Posted by Mortgages 348 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Morgan Stanley announced today it took a $9.4 billion writedown on U.S. subprime mortgages and other mortgage related exposures during the fiscal fourth quarter ended Nov. 30. "Our valuation of this position as of Nov. 30 takes into consideration a variety of inputs including observable trades, the continued deterioration in market conditions, the decline in the ABX indices, other market developments, including mortgage remittances and updated cumulative loss data," the release stated read more »
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Avatar Posted by Mortgages 348 days ago (http://www.mortgagedaily.com)
Category: Mortgages
The State of New York Mortgage Agency announced Thursday expanded eligibility requirements for its "Keep the Dream" refinancing program. MRG Document Technologies said it is providing modification agreements as part of its loan document library. The Consumer Credit Counseling Service of Greater Atlanta Inc. announced that most of the borrowers who turn to its services for assistance are currently delinquent on their loans, having missed payments due to a variety of reasons, including read more »
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Avatar Posted by Mortgages 348 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Livemarkets.com ads have an overall 2 percent click rate but have gone as high as 10 percent "based on good targeting and a good creative," an executive for the company told MortgageDaily.com. Microsoft Dynamics was chosen by a reverse lender over Salesforce technologies because of its high degree of integration with Microsoft Outlook, and other every-day-use applications, among other reasons. The automated underwriting technology of PriceMyLoan was chosen by one wholesale lender beca read more »
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Avatar Posted by Mortgages 348 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Around 150 people have been laid off from Bear Stearns Residential Mortgage Corp., a spokeswoman for the parent company told MortgageDaily.com. The employess worked out of a California location, she said. Among the job cuts were account executives. read more »
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Avatar Posted by Mortgages 348 days ago (http://www.mortgagedaily.com)
Category: Mortgages
The U.S. House of Representatives announced Tuesday it approved H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007. The legislation would waive tax liability for borrowers whose mortgage balance is reduced through foreclosure or loan modification. The Senate has also approved the bill, which is now on its way to the president for his signature. read more »
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Avatar Posted by Mortgages 348 days ago (http://truthfullending.com)
Category: Mortgage Lenders | Tags: Mortgage Finance 101doc typesdocumentationninano docno income no assetsno ratioNINADTI
If you caught our last article about Mortgage Documentation Types, you know a bit more about the more common mortgage doc types and their requirements. Although most homeowners will refinance many times throughout their lives, they may never hear about the other, less common doc types. In this article we’re going to dive into NINA, [...] read more »
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Avatar Posted by Mortgages 348 days ago (http://ep.bankrate.com)
Category: Mortgage Advice
A husband who separated from his wife should see a lawyer so he can move on financially, says Dr. Don Taylor. read more »
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Avatar Posted by admin 348 days ago (http://www.bankrate.com)
Category: Mortgages
The Federal Reserve proposes prohibiting "acts and practices in connection with mortgage loans that it finds to be unfair or deceptive." read more »
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Avatar Posted by admin 349 days ago (http://www.foreclosuredataonline.com)
Category: Mortgage Foreclosures | Tags: Foreclosure
Real estate investor in Bay area, Israel Medina is starring at foreclosure notices he found, not only one but 11 of his Northern California properties are in the list, for the year. The year ahead has been a hard hitting for him when his limousine company gambled too big to buy 11 [...] read more »
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Avatar Posted by Mortgages 349 days ago (http://www.mortgagedaily.com)
Category: Mortgages
The Ohio attorney general filed a lawsuit against Randall Mortgage Services Inc. and its owner. The company shut down in August and left customer files with private data in its abandoned office space. After the landlord notifed the state of files that were left behind, the state sent a letter to the company's owner warning him to collect the records and safeguard them. But he ignored the state's request, prompting the lawsuit. read more »
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Avatar Posted by Mortgages 349 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Thornburg Mortgage Inc. announced its board of directors approved a dividend reinstatement. Shareholders as of Dec. 31 will be paid $0.25 per share on Jan. 30, 2008. The company's board "felt that reinstating the common dividend for the fourth quarter would allow Thornburg Mortgage to meet the investment interests of its shareholders." read more »
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