Autodesk acquires 2 firms - Alameda Times-Star
San Rafael-based Autodesk Inc., the largest maker of engineering-design software, bought the assets of Square One Research Ltd. and Green Building Studio Inc., acquiring programs that help create environmentally friendly buildings. Square One’s
The tragic toll of housing nightmare - New York Daily News
Peter Rollison stands in front of his home on 146th St., Jamaica, Queens. It used to be better, he said. For more on the housing crisis, click image. Koester for News Deborah Lockhard got a cat to fight infestation of rodents. For many Americans the
Lenders limit or freeze home-equity credit lines - Philadelphia Inquirer
FORT LAUDERDALE, Fla. - Counting on money from your home-equity line of credit to pay for home renovations or college expenses? Watch out. Some banks are starting to restrict or freeze access to emergency cash. What’s exasperating is that lenders are
Chief extols virtues of credit unions - Miami Herald
George Joseph, who heads the Dade County Federal Credit Union, not surprisingly views the services offered by credit unions as the best option for customers seeking higher returns on deposits and lower rates on loans. Some credit unions today are
Ohio Housing Finance Agency boosts mortgage assistance by $6M - Bizjournals.com
Ohio Housing Finance Agency boosts mortgage assistance by $6MBizjournals.com, NC - Jun 20, 2008The Ohio Housing Finance Agency approved $6 million in additional funding this week for its mortgage assistance program. The Second Mortgage Down Payment …A window opens on opportunity Atlanta Journal Constitutionall 14 news articles
As Bill Evolves, Mortgage Debt Is Snowballing (NYTimes.com via Yahoo! Finance)
Congress s rescue package for homeowners may only be able to touch a fraction of those in trouble, analysts say.
Two local mortgage and real estate specialists are offering their expertise on the topic. (The Frederick News-Post)
Adam Avery [ bio ] , of AA Mortgage Group and Washington Title, and Chris Sipe [ bio ] , of America East Mortgage, are taking your questions. Avery has 15 years experience in mortgage brokering/banking, home improvement sales/finance, real estate sales, and title and escrow issues.
Fitch Affirms Banc One/FCCC Commercial Mortgage Pass-Thru Certificates Series 2000-C1 (Centre Daily Times)
Fitch affirms Banc One /FCCC, commercial mortgage pass-through certificates, series 2000-C1 as follows:
Lawsuit claiming fraud by appraiser - Fort Wayne Journal Gazette
Fallout from the case of ousted Steuben County banker Earl McNaughton came to Allen County this month with a lawsuit filed against an appraiser accused of fraudulently evaluating a property to help McNaughton. The lawsuit filed in Allen Circuit Court
Obama Camp Disavows Last Year’s ‘Inartful’ Statement on D.C. Gun Law - ABC News Blogs
ABC News’ Teddy Davis and Alexa Ainsworth Report: With the Supreme Court poised to rule on Washington, D.C.’s, gun ban, the Obama campaign is disavowing what it calls an “inartful” statement to the Chicago Tribune last year in which an unnamed aide
Foreclosure auction allowed at Boston Hill in Westboro - Worcester Telegram & Gazette
WORCESTER A federal judge yesterday refused to block tomorrow s foreclosure auction of the Boston Hill property off Route 9 in Westboro, turning aside an emergency motion from its owner, Kingston developer Charles T. Sanderson III. U.S. District
Unleash America’s Energy Potential - Town Hall
2 As any driver can tell you, the pain at the pump is pretty acute right now. It s a simple matter of supply and demand. Demand is up (thanks, in part, to an increasing appetite for fuel in China and India), and supply is low. And if there s one
As bad as it gets: mortgage expert lets a ray of light into the … - guardian.co.uk
As bad as it gets: mortgage expert lets a ray of light into the …guardian.co.uk, UK - 14 hours agoThe Council of Mortgage Lenders is predicting a rise in repossessions from 27000 last year to 45000 this year (these figures do not include "second charge" …
Citigroup May Write Down $8.9 Billion, Goldman Says (Update1) (Bloomberg.com)
June 26 (Bloomberg) — Citigroup Inc. , the bank that’s posted the biggest losses from the collapse of the U.S. mortgage market, may take an additional $8.9 billion in net writedowns in the second quarter, Goldman Sachs Group Inc. said.
Fischer Francis to Buy Mortgage Debt as Subprime Ebbs (Update2) - Bloomberg
Fischer Francis to Buy Mortgage Debt as Subprime Ebbs (Update2)Bloomberg - 8 hours agoLosses slowed in the second quarter to $11.8 billion from $173 billion in the first three months of 2008, according to data compiled by Bloomberg. …
Ohio Housing Finance Agency boosts mortgage assistance by $6M - Bizjournals.com
Ohio Housing Finance Agency boosts mortgage assistance by $6MBizjournals.com, NC - Jun 20, 2008The Ohio Housing Finance Agency approved $6 million in additional funding this week for its mortgage assistance program. The Second Mortgage Down Payment …A window opens on opportunity Atlanta Journal Constitutionall 14 news articles
‘Tweeners’ struggle with two mortgages - KHOU
HOUSTON — After 11 years in their northeast Houston home, Tricia Pipkin and her husband have put the house on the market. They have simply outgrown the home in the 14200 block on Montagne. They hope the home sells quickly, especially since the
Improve Your Home With Bad Credit Loans - Best Syndication
Home improvements can be really expensive and finance is not always available, especially for those with a bad credit score and poor credit history. So, it is not surprising that more and more people are resorting to bad credit loans in order to
Husch Blackwell Sanders discussing merger with Chicago’s Welsh & Katz - St. Louis Business Journal
Husch Blackwell considers merger with Chicago law firm [Kansas City] Walters Bender Strohbehn & Vaughan finds second-mortgage cases suitable [Kansas City] Lathrop CEO prosecutes firm’s search for merger [Kansas City] Husch Blackwell Sanders LLP is
Authorities shut woman’s mobile eatery - Miami Herald
Catherine Hietapelto thought she had the perfect job — frying, flipping and baking food in a business that was her very own. Sausage and eggs, meatloaf and gravy, home-cooked food served from a decked-out trailer on the side of a road in Loxahatchee
Mortgage fraud misery likely to endure (Minnesota Public Radio)
Federal officials say they’re finding more mortgage fraud in Minnesota than in many other places in the country, but that may be small consolation for victims.
Sydney Financial Second Mortgage Borrowers Show Financial … - BigNews.biz (press release)
Sydney Financial Second Mortgage Borrowers Show Financial …BigNews.biz (press release), MA - Jun 15, 2008A growing number of second mortgage borrowers are facing foreclosure due to declining property values and irresponsible financial decisions. …
FBA attacks mortgage fraud - Deseret News
Albany Times UnionFBA attacks mortgage fraudDeseret News, UT - Jun 19, 2008He used several methods to get a $250000 second mortgage on his Moab home, according to the indictment. Among the methods were submitting a loan-application …Video: FBI Mortgage Fraud Crackdown CBSOver 400 People Charged in US Mortgage Fraud Schemes Voice of AmericaDozens charged locally in national mortgage crackdown Chicago Sun-TimesLos Angeles Times - News Houndsall 747 news articles
Crackdown on mortgage lenders loses steam in California Legislature (The Sacramento Bee)
For consumer advocates, the silver lining of the subprime mortgage meltdown was an unprecedented chance to toughen state regulation of a troubled industry.
Citigroup May Report Second-Quarter Loss, UBS Says (Update1) (Bloomberg.com)
June 20 (Bloomberg) — Citigroup Inc., the bank that’s lost more than any other in the collapse of the mortgage market, will probably report a loss in the second quarter after forecasting more writedowns yesterday, UBS AG analyst Glenn Schorr said.
Lehman Cut Mortgage Assets to $64.7 Billion in Second Quarter (Bloomberg.com)
June 16 (Bloomberg) — Lehman Brothers Holdings Inc. , the fourth-largest U.S. securities firm, reduced assets tied to real estate 20 percent to $64.7 billion in the second quarter to curb further losses from the collapse of the mortgage market.
Massive Mortgage Fraud Case Hits Home (WXYZ-TV Detroit)
The U.S. attorney’s office in Detroit has charged 28 people with mortgage fraud in 15 separate criminal cases. INSIDE: Read The Justice Department report
A few updates on "Operation Malicious Mortgage," - Los Angeles Times
A few updates on "Operation Malicious Mortgage,"Los Angeles Times, CA - 1 hour agoIn a second shotgun scheme, Sang Park, 35, of Koreatown, was charged with bank fraud in April for allegedly obtaining several loans simultaneously. …
Feds charge 28 Mich. residents with mortgage fraud - MLive.com
Feds charge 28 Mich. residents with mortgage fraudMLive.com, MI - 2 hours agoEarlier this year, the Mortgage Asset Research Institute said Florida led the led the nation in mortgage fraud in 2007 for the second straight year, …
Mandate National Mortgage Corporation - Second quarter 2008 dividend - Canada NewsWire (press release)
Mandate National Mortgage Corporation - Second quarter 2008 dividendCanada NewsWire (press release), Canada - 1 hour ago… Mortgage Corporation ("Mandate"), Mr. Alan Long, President, is pleased to announce that June 30, 2008 has been fixed as the record date for the second …
Business Briefing - Seattle Post Intelligencer
WASHINGTON — Mortgage companies, facing criticism that they aren’t doing enough to stem the housing crisis, are pledging to let troubled borrowers know whether they’re approved for help within 45 days of receiving a homeowner’s application. The
Mortgage lenders vow 45-day deadline to let borrowers know loan help - Daily Oklahoman
WASHINGTON Mortgage companies, facing criticism that they aren’t doing enough to stem the housing crisis, are pledging to let troubled borrowers know whether they’re approved for help within 45 days of receiving a homeowner’s application
Business briefs - Dubuque Telegraph Herald
NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put stock in Saudi Arabia’s promise to boost production. Retail gas prices rose to a record $4.08 a gallon
Lenders pledge speedy response on loan help - MSNBC
WASHINGTON - Mortgage companies, facing criticism that they aren t doing enough to stem the housing crisis, are pledging to let troubled borrowers know whether they re approved for help within 45 days of receiving a homeowner s application. The
Conrad Says Countrywide Waived Point on His Mortgage (Update1) - Bloomberg
CitizenConrad Says Countrywide Waived Point on His Mortgage (Update1)Bloomberg - Jun 14, 2008… the second-biggest US bank, in a deal struck in January after mounting defaults led to concern the biggest US mortgage lender might face bankruptcy.Senator Says Loan Favoritism Is Possible New York TimesSens. Dodd, Conrad tied to special mortgage deals The Associated PressSenators deny deals from Countrywide Seattle TimesGrand Forks Herald - Connecticut Postall 546 news articles
Frank-Dodd Rescue Prolongs Housing Crisis by Deferring Defaults - Bloomberg
The Southern LedgerFrank-Dodd Rescue Prolongs Housing Crisis by Deferring DefaultsBloomberg - Jun 5, 2008“Second-mortgage holders are already taking big hits, 80 to 95 percent losses, and they're looking to recover whatever they can,'' Stern said. …Trail of Bad Loans Leads to the Couple Next Door New York TimesSydney Financial Offers Bi-Weekly Mortgage Alternative BigNews.biz (press release)Chill creeping into home-equity lines of credit Chicago TribuneBaltimore Sun - Washington Postall 927 news articles
FHA is waiting to give you a loan - Seattle Post Intelligencer
FHA is waiting to give you a loanSeattle Post Intelligencer - 2 hours agoThey also couldn't be used to pay off second loans many buyers had used in their original purchase to keep their first mortgage below $417000, Hatlen noted. …
Business & Finance : Understanding the Mortgage Meltdown; What … - Prudent Press Agency (press release)
Business & Finance : Understanding the Mortgage Meltdown; What …Prudent Press Agency (press release), Netherlands - 20 hours agoTheir first mortgage had what we thought was a high fixed rate and their second mortgage came with a rate in excess of 8.5%. Because the closing happened in …
Reverse mortgages are not for everyone - Kansas City Star
If you are approaching or already in your 60s you re probably hearing a lot these days about reverse mortgages. They re being touted as a safe way to ensure retirees greater financial security to meet home maintenance expenses, medical needs and
We Ask: When Will the Pain Go Away? - Newsweek
The American economy has been the engine of global growth for the last quarter century. That has been a conscious policy choice by administrations of both parties as well as the objective of the nonpartisan Federal Reserve. We did so not only for our
Lenders cutting back on equity lines of credit - Austin American-Statesman
When economists say that consumers used their homes as ATMs during the recent credit boom, they are often talking about home equity lines of credit a form of second mortgage popular among homeowners looking for a cushion against future cash
State ranked 7th in foreclosures - Rocky Mountain News
Colorado ranked No. 7 in the nation for its foreclosure rate in May, according to a national report released Friday by California-based RealtyTrac. However, local experts continue to criticize RealtyTrac’s figures, saying they overstate the number of
Guest columnist, U.S. Rep. Roy Blunt: High gas prices exact toll - Joplin Globe
Cedar County resident Ted Purvis picked up what amounted to a second mortgage a couple months ago but it wasn t so he could buy a summer lake house at Table Rock. It turns out Ted commutes more than 70 miles each morning from his home in
Peter Boutell, Lending a Hand: Mortgage insurance making a comeback - Santa Cruz Sentinel
When I started originating loans more than 20 years ago, sellers were leery of an offer to buy their home that depended on a loan that allowed a down payment of just 5 percent. A loan with that low of a down payment down was rare and was not trusted
