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News :

The Guardian

North Carolina: a study in presidential election polling paradoxes
The Guardian
In these states, approval for Obama's handling of the mortgage crisis was highest in North Carolina at 41%. Part of that can be attributed to the fact that North Carolina has not been hit as hard as other states by the mortgage crisis.

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WRAL.com

McCrory wants NC governor's race ad off the air
WRAL.com
RALEIGH, NC ? Pat McCrory's North Carolina gubernatorial campaign demanded Friday that television stations stop running a commercial bankrolled by a Democratic governor's group, arguing it made false claims about his activities linked to a ...

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McCrory wants NC governor's race ad off the air
WWAY NewsChannel 3
RALEIGH, NC (AP) -- Pat McCrory's gubernatorial campaign is demanding television stations stop running a commercial bankrolled by the Democratic Governors Association, arguing it made false claims about his activities linked to a Charlotte-based ...

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WFMY News 2

Pat McCrory's Campaign Says Dems Ad Makes False Claims About Him
WFMY News 2
AP Raleigh, NC -- Pat McCrory's gubernatorial campaign is demanding television stations stop running a commercial bankrolled by the Democratic Governors Association, arguing it made false claims about his activities linked to a Charlotte-based business ...

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McCrory wants NC governor's race ad off the air
NBC17.com
The ad seeks to tie McCrory's position on the board of directors of Tree.com Inc. with financial settlements or penalties by company subsidiaries over lending or mortgage practices. McCrory was in his last year as Charlotte mayor when he joined the ...

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News & Observer

McCrory campaign wants TV ad pulled
News & Observer
The ad also seeks to tie McCrory's position on the board to financial settlements or penalties by company subsidiaries, including LendingTee.com, over their lending or mortgage practices. There were such settlements, including one in South Carolina.

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WWAY NewsChannel 3

Democrats' group paying for anti-McCrory ad in NC
WWAY NewsChannel 3
RALEIGH, NC (AP) -- The Democratic Governors Association is bankrolling a television ad in North Carolina markets critical of Republican gubernatorial nominee Pat McCrory and his involvement in a Charlotte-based lending and real estate business.

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McCrory wants NC race ad off the air
WAVY-TV
RALEIGH, NC (AP) - Pat McCrory's gubernatorial campaign is demanding television stations stop running a commercial bankrolled by the Democratic Governors Association, arguing it made false claims about his activities linked to a Charlotte-based ...

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McCrory wants NC governor's race ad off the air
BlueRidgeNow.com
AP Pat McCrory's North Carolina gubernatorial campaign demanded Friday that television stations stop running a commercial bankrolled by a Democratic governor's group, arguing it made false claims about his activities linked to a Charlotte-based ...

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Democrats' group paying for anti-McCrory ad in NC
MyrtleBeachOnline.com
AP RALEIGH, NC -- The Democratic Governors Association is bankrolling a television ad in North Carolina markets critical of Republican gubernatorial nominee Pat McCrory and his involvement in a Charlotte-based lending and real estate business.

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Refinance your FHA Mortgage regardless of your appraised value or loan amount.
Examiner.com
But rising mortgage insurance premiums on FHA loans have become an obstacle for many homeowners who want to refinance. Depending on the size of the loan, the fees can eat up much of what the borrower would save through the refinance.

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FHA ready to ease rules for mortgages on condos
Boston Herald
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

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NOLA.com

Cut in USDA rural development loan program may hurt Louisiana towns
NOLA.com
If the rural development loan program disappears in her area, she would probably need to steer people into Federal Housing Authority loans. But because the mortgage insurance has gotten a lot more expensive on FHA loans, a prospective borrower would ...



FHA MAY EASE REGULATIONS FOR MORTGAGES ON CONDOS
U-T San Diego
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

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NATION'S HOUSING: FHA may ease rules for mortgages on condos
Scranton Times-Tribune
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

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Tighter FHA rules locking many entry-level buyers out of condos
Denver Post
Stricter FHA certification requirements for condo developments have made most condos ineligible for FHA-insured mortgages, the primary source of condo financing since the downturn. "They really force people like me to build and turn them into rentals," ...

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FHA may loosen limits on condo mortgages
Los Angeles Times
The revisions could remove at least some of the obstacles that have dissuaded condo homeowner association boards from seeking approval or recertification of their buildings for FHA loans. By Kenneth R. Harney WASHINGTON ? Thousands of condominium ...

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The Nation's Housing: Condo mortgages
WSLS
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

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The Nation's Housing: Condo mortgages
TriCities.com
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

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More Lender Updates; Letters from the Trenches and Legal Updates...
Mortgage News Daily
And another from John Jacobs with Patriot Bank Mortgage: "Rob, I certainly understand the ruminations around a flat fee for loan originations. It is emotional more than economic. I have maintained for many years that our costs in mortgage-banking, ...

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News :

Mortgage foreclosures dropping nationwide; good news for Maine
Bangor Daily News
National mortgage-foreclosure activity in April decreased 5 percent from March and was down 14 percent from April 2011, according to a report by RealtyTrac released Thursday. One in every 698 US housing units had a foreclosure filing during the month.

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Maine budget cuts target Medicaid
Foster's Daily Democrat
PORTLAND, Maine ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when the Legislature votes ...

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Homeowners In 17 States Getting Shaft In Mortgage Settlements
Lez Get Real
Nine states are using part of the money for mortgage relief, and part of it for other programs. Indiana is using half of it to assist low-income households with energy bills. Idaho, Utah, Nebraska, Kansas, Wisconsin, North Carolina, Maine and West ...

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Rep. Cummings Introduces Bill to Improve Protections for Service Members ...
Targeted News Service (subscription)
Elijah Cummings, D-Md., has introduced legislation (HR 5747) to amend the Servicemembers Civil Relief Act to "improve the protections for service members against mortgage foreclosures." The bill was introduced on May 15 and has nine co-sponsors.

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EDITORIAL: Morgan Gives Fresh Urgency to Volcker Rule
LoanSafe
(Source: Sun Journal, Lewiston, Maine (MCT) ? There is a very good reason the US government regulates banks: Taxpayers guarantee their deposits, something we started doing after the Great Depression. The downside is that when really big bankers make ...

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Bangor council votes to take Pearl Street house, extend outdoor drinking hours
Bangor Daily News
The couple owes $133074 in mortgage and tax payments. Buy Photo By Andrew Neff, BDN Staff BANGOR, Maine ? The City Council sent a clear sign Monday night that it's the end of the road for a Bangor couple that owes $133074 in mortgage and tax payments.

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Maine budget cuts target Medicaid
Seacoastonline.com
By Clarke Canfield AP PORTLAND, Maine ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when ...

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Ellendale man sentenced to 6 years in prison
Albert Lea Tribune
The criminal activity took place under the business names Blackstone Sales and Maine Estates. His partner was mortgage broker Richard Mathew Laho, 55, of Buffalo. According to a news release from the US Attorney's Office, Prieskorn admitted he and Laho ...

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Press Herald

Maine budget cuts target Medicaid
Press Herald
Paul LePage speaks at the Maine GOP convention. In his effort to cut state spending, Gov. LePage proposed revamping the stateís Medicaid program. Supporters of the cuts say spending is unsustainable and that Maine provides Medicaid coverage to 35 ...

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Maine budget cuts target Medicaid
NECN
PORTLAND, Maine (AP) ? Tricia Clark will keep her fingers crossed when the Legislature reconvenes this week and takes up a budget plan that calls for sharp cuts in Medicaid and health care spending. Clark, 19, stands to lose out when the Legislature ...

and more »


Decreases seen in mortgage delinquencies
Home Channel News
A May 16 report from the Mortgage Bankers Association added another bright note to the housing market, with the percentage of US homeowners behind on their mortgages falling to the lowest level since 2008. The delinquency rate for residential mortgage ...



Households feel squeeze as costs rise
Financial Times
The deterioration was particularly marked among mortgage holders. Public sector workers experienced greater deterioration than those in the private sector, reflecting the toll of government austerity on pay deals. Public workers are more pessimistic ...

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Households feel squeeze as costs rise
Financial Times
The deterioration was particularly marked among mortgage holders. Public sector workers experienced greater deterioration than those in the private sector, reflecting the toll of government austerity on pay deals. Public workers are more pessimistic ...

and more »


WA today

Fixed rate doesn't outsmart the market
WA today
'My suggestion is that refinancing mortgage-holders are best served by the variable-rate system.' Photo: Jessica Shapiro PROFESSIONAL investors understand that you can't outsmart the market. Many try, most fail, and those who get away with it once ...

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Sydney Morning Herald

Fixed rate doesn't outsmart the market
Sydney Morning Herald
We saw this happen in March, when, according to the Australian Bureau of Statistics, the number of fixed-rate mortgages soared to 14.5 per cent of the total mortgage market, the highest ratio of fixed rates since May 2008. It's reasonable to deduce ...

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Brisbane Times

Fixed rate doesn't outsmart the market
Brisbane Times
'My suggestion is that refinancing mortgage-holders are best served by the variable-rate system.' Photo: Jessica Shapiro PROFESSIONAL investors understand that you can't outsmart the market. Many try, most fail, and those who get away with it once ...

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The Age

Fixed rate doesn't outsmart the market
The Age
'My suggestion is that refinancing mortgage-holders are best served by the variable-rate system.' Photo: Jessica Shapiro PROFESSIONAL investors understand that you can't outsmart the market. Many try, most fail, and those who get away with it once ...

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Plainfield photo opportunity
Joliet Herald News
Plainfield was filled with paparazzi last week during a protest in front of the Wells Fargo Home Mortgage office. Village police were pretty cool about the event, which was organized by the Chicago Anti-Eviction Campaign and Warehouse Workers for ...



Bush-Romney link misses the mark
Arizona Republic
Left-wing activists began accusing mortgage lenders of racism. Fannie Mae and Freddie Mac encouraged this subprime lending by authorizing ever more "flexible" criteria. Congressman Barney Frank insisted that Fannie and Freddie were in good shape.

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Excel Mortgage Group Inc
Timesonline.com
2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK. 3 Be Truthful. Don't knowingly lie about anyone or anything. 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to ...

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