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Mortgage debt ticks up for Hawaii homeowners
The Honolulu Star-AdvertiserHawaii homeowners continued to carry the third-highest mortgage debt in the nation in the first quarter of the year, a new TransUnion report shows. The quarterly report found that the average debt per borrower grew slightly over the previous year to...Tags: Prices, Finance, Social Issues, Marketing, Washington, DC
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Jupiter Farms man, 77, arrested in $1.1M Ponzi scheme
The Palm Beach PostThe promise to potential investors by Leonard Ansill was a share of the mortgage profits from various properties that he owned and controlled, according to police. But the 77-year-old Jupiter Farms man instead allegedly defrauded the investors in a $1.1...Tags: West Palm Beach, Indiantown, Delray Beach, Fort Lauderdale, Pompano Beach
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Bailed-out Fannie Mae to return $59 billion to taxpayers
Washington TimesFannie Mae will return nearly $59 billion to taxpayers after experiencing its best-ever profits last quarter, the mortgage giant announced Thursday morning. The government-controlled mortgage agency reported record pre-tax income of $8.1 billion for the...Tags: Politics, Finance, Interior Policy, Housing and Urban Planning, U.S. Congress
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Fed's Duke says sustained housing recovery under way
ReutersWASHINGTON (Reuters) - A top Federal Reserve official said a recovery has taken root in the U.S. housing market but that resolving uncertainty over mortgage regulations would make the recovery stronger. Six years after its far-reaching collapse, the...Tags: Federal Reserve, Politics, Interior Policy, Housing and Urban Planning
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New Developments in Home Financing
Most experts agree that the housing market is strengthening and could be the bright spot for the U.S. economy in 2013. Signs of the housing recovery are clear: home values and inventory levels have stabilized; interest rates on mortgages remain near all-...Tags: Prices, Finance, Federal Housing Administration, Insurance, Economy, Business and Finance
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Bank files foreclosure action on Florelle Tissue's Brownville mill
Watertown Daily Times, N.Y.The holder of the mortgage on Florelle Tissue Corp.'s mill filed action Tuesday to foreclose on the 1 Bridge St. property. JPMorgan Chase Bank NA, New York City, filed state Supreme Court action at the Jefferson County clerk's office seeking repayment...Tags: Companies and Corporations, JPMorgan Chase & Co., New York City, Financial and Business Services, New York Power Authority
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Banks drop no-interest loans
The Bangkok PostThree large banks scrapped zero-interest rate mortgages, their standard offer at the Money Expo for 13 years, to abate regulators' concerns about a property bubble. Siam Commercial Bank (SCB), Kasikornbank (KBank) and Bangkok Bank (BBL) stopped offering...Tags: Central Bank, Credit Ratings, Money and Monetary Policy, Finance, Banking
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U.S. RESEARCH ROUNDUP: Yahoo, News Corp, Rackspace, Groupon, LivePerson
ReutersMay 9 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Yahoo and News Corp, on Thursday. HIGHLIGHTS * Yahoo : Raymond James raises price target to $30 from $27; rating outperform...Tags: Credit Ratings, Finance, OraSure Technologies, Inc., Delhaize Group, Royal Caribbean International
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BofA sells $110 bln CMBS servicing rights portfolio to KeyBank
ReutersMay 9 (Reuters) - Bank of America Corp will sell a commercial mortgage servicing rights portfolio valued at around $110 billion to a KeyCorp unit for an undisclosed amount, the latest offloading of servicing assets which many big banks consider costly...Tags: Bank of America Corp., Services and Shopping, Banking, Real Estate, Financial and Business Services
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The truth about hard-money loans
Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage. Hard-money lenders do not rely on the...Tags: Homes, Ratings, Credit Ratings, Politics, Property
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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Bank of America Corp., Federal Reserve, Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley Dean Witter & Company
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Appeals court order new trial for Myrtle Beach area man convicted in foreclosure rescue scam
The Sun NewsAppeals court orders new trial for man in scam that targeted homeowners facing foreclosure Robert Steve Jolly, who operated an illegal foreclosure rescue scam through his Socastee-based Jolly & Associates, will face another trial on charges that he...Tags: Crime, Law and Justice, Justice System, Prisons, The Happiest News!, Financial and Business Services
May 10, 2013
|Story| McClatchy-Tribune
May 10, 2013
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May 9, 2013
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May 9, 2013
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May 9, 2013
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May 8, 2013
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May 9, 2013
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May 9, 2013
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May 10, 2013
|Story| Chicago Tribune
May 9, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| McClatchy-Tribune
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