Mortgage and Financial News From 2009-6-18 Page 01
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Financial Scams to Watch For - CBS News
During this bad financial times, more individuals are falling for financial scams claiming to help them. Stephanie AuWerter, Contributing Editor for SmartMoney.com, talks about some scams to avoid. (CBS) Another negative of the current recession ...
2009-06-18 11:32:00 -
Federal Housing Administration to play expanded role - Philadelphia Inquirer
WASHINGTON - With some early signs that the housing market is stabilizing, HUD Secretary Shaun Donovan said today that President Obama's continuing efforts to "fix a financial system that's broken" meant that the Federal Housing Administration would ...
2009-06-18 05:56:00 -
FHA brings relief for some condos - Orlando Sentinel
T he resort-style pool, spa and health club along with luxurious 10-foot floor-to-ceiling windows are no longer the key selling points for 101 Eola in Thornton Park. Today the best thing going for the 146-unit condominium tower is that it's the only ...
2009-06-18 08:55:00 -
MaineHousing's 'Gift of Green' offers incentives to buy home - Portsmouth Herald
PORTLAND -- Governor John E. Baldacci announced today some good news for first-time homebuyers -- and for Maine's housing market. MaineHousing is starting a new "Gift of Green" homeownership initiative that provides eligible First Home program ...
2009-06-18 02:50:00 -
New foreclosure proceedings jump in May - South Coast Today
The number of foreclosure proceedings launched in May skyrocketed, possibly foreshadowing another spike in property takings. While the number of completed foreclosures continued to fall, petitions — the first step of the process — surged in May ...
2009-06-18 11:54:00 -
Bell on ... pack shortage of information - PlanningResource (subscription)
Bell on ... pack shortage of informationPlanningResource (subscription), UKConveyancing was held up because the mortgage lender wanted a local authority search rather than that provided by the private company in the HIP. There was a row about who should pay for this and for a hard copy of the HIP because Julie's solicitors ...
2009-06-18 10:03:28 -
Benny L. Kass Mailbag - Richmond Times Dispatch
Benny L. Kass MailbagRichmond Times Dispatch, VAWhen home equity line of credit not wanted Q:My husband and I refinanced our condo in December 2007 with the existing mortgage company. In addition to the refinance, the lender opened a $250000 home equity line of credit for us, although we never ...
2009-06-18 11:06:05 -
Brett Slattery column - Sun newspapers
Brett Slattery columnSun newspapers, FLIf buyers leap these hurdles, they still are not home-free until the day prior to closing, when many lenders place calls to confirm the continuation of employment and credit score status. And then there's the mandatory homeowners and flood insurance. ...
2009-06-18 11:21:18 -
Mortgage foreclosures heading through the roof - USA Today
Mortgage foreclosures heading through the roofUSA TodayMortgage delinquencies have been growing in areas where unemployment has been rising fast, and even homeowners who successfully get modified mortgages could face trouble later if their incomes or home values fall. Lenders say they're doing the best ...
2009-06-18 11:42:07 -
New foreclosure proceedings jump in May - SouthCoastToday.com
New foreclosure proceedings jump in MaySouthCoastToday.com, MA"The state law, which requires lenders intending to foreclose to give delinquent borrowers in Massachusetts 90 days to catch up on missed mortgage payments, artificially depressed foreclosure petitions in May 2008," Warren said in a statement. ...
2009-06-19 12:03:50 -
Fannie Mae tightens rules on 'trailing spouse' income - Chicago Daily Herald
Fannie Mae tightens rules on 'trailing spouse' incomeChicago Daily Herald, ILBy Ken Harney | Columnist WASHINGTON - Real estate may be showing signs of a turnaround in many local markets but the nation's largest mortgage players continue to ratchet up their underwriting rules, making home purchases more difficult for some ...
2009-06-19 12:06:40 -
Unemployment 101: A guide - The Detroit News
Unemployment 101: A guideThe Detroit News, MICounselors there work with strapped families, helping them with budgets and identifying what can be done about their mortgage. In some instances, they advocate on behalf of homeowners to modify loans. Write a hardship appeal. Lenders like CitiMortgage ...
2009-06-19 12:07:49 -
Housing market making a comeback - Omaha World-Herald
Housing market making a comebackOmaha World-Herald, NEJoe Gehrki, a CBSHome agent who is president of the Omaha Area Board of Realtors, said mortgage lenders are scrutinizing applications, which means buyers must provide more information and answer more questions. Deals are taking longer to close, ...
2009-06-19 12:16:06 -
Worse than subprime? Other mortgages imploding slowly - The State
WASHINGTON — Call it son of subprime. Experts warn that a new wave of mortgage foreclosures may be coming soon and could rival the default rates for subprime mortgages and slow efforts to find bottom in a prolonged national housing slump. The ...
2009-06-18 06:32:00 -
Bank warns of credit supply threat to economic fightback - The Independent
Despite an injection of £90bn into the economy by the Bank of England, the flow of lending to businesses and home buyers remains extremely weak, threatening the economic recovery, according to the latest reports from the Bank of England and the ...
2009-06-18 05:56:00