Mortgage and Financial News From 2010-4-28 Page 01

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• Growth industry: Mortgage fraud - MSN Money

  ... Rhode Islanders call their home ... your mortgage application, claiming you made more money than you actually did. Or when you fake pay stubs. Or conceal debts that could disqualify you for the loan. It’s fraud when you tell a lender that you ...
  2010-04-28 07:00:00

• WWII Vet v BofA - Courthouse News Service

  A 91-year-old veteran of World War II claims his home mortgage was bounced around from one lender/servicer to another until Bank of America got it, and then "intentionally sent misleading statements" to him, and "intentionally misappl(ied) the ...
  2010-04-27 02:36:00

• Santa Clara County sees rise in short sales - San Jose Mercury News

  If the homeowner's lender owns the mortgage on the home, the lender can make a fairly quick decision about whether to accept a buyer's offer. But in many cases, the lender is just "servicing" the loan, or collecting the payments, and the mortgage is ...
  2010-04-28 10:32:00

• Protect home via bankruptcy filing - AZ Central.com

  ... lose our home to foreclosure. My husband just started a new job, and in the next year or so we may be able to get out of this mess. Can the homestead exemption under Arizona law protect us from foreclosure by either the first-mortgage lender or ...
  2010-04-28 07:33:00

• Knowledge is king: Embracing first-time homebuyers with education - National Mortgage Professional Magazine

  Knowledge is king: Embracing first-time homebuyers with educationNational Mortgage Professional MagazineFor a Peachtree City, Ga. branch of Embrace Home Loans, a national lender based in Newport, RI, seminars have been key to originating leads for years—even ...and more »
  2010-04-28 03:02:37

• Military Families: The Potential Victims of Proposed Auto Lending Carve Out - FavStocks (blog)

  Military Families: The Potential Victims of Proposed Auto Lending Carve OutFavStocks (blog)Sometimes a dealer-lender sends the buyer home with a "purchased" car and calls a few days later to say that the financing “fell through. ...and more »
  2010-04-28 03:24:19

• Housing Rebound at Least 3 Years Away, Ranieri Says - BusinessWeek

  Housing Rebound at Least 3 Years Away, Ranieri SaysBusinessWeek“It's an immense problem if they don't manage it,” Ranieri, 63, said in an interview after the panel, referring to government and lender efforts to hold ...and more »
  2010-04-28 03:59:02

• How To Get Multiple Real Estate Loans? - LoanSafe

  How To Get Multiple Real Estate Loans?LoanSafeA second mortgage can be taken out by a borrower that has acquired a good amount of equity in their property, commonly referred to as a home equity line of ...
  2010-04-28 04:08:13

• Debate Rages Over Supply of Foreclosed Homes - Wall Street Journal (blog)

  Debate Rages Over Supply of Foreclosed HomesWall Street Journal (blog)Around 30% of all home sales this year and next will be foreclosure-related, forecasts Robert Tayon, a mortgage analyst at Barclays, who says that would be ...and more »
  2010-04-28 04:32:36

• Arizona Plans to Assist 4000 Households With Hardest Hit Funding - DSNews.com

  Arizona Plans to Assist 4000 Households With Hardest Hit FundingDSNews.comThe homeowner could then qualify for a maximum contribution of $50000 that is matched by the lender and forgiven over a period of time. ...
  2010-04-28 04:47:59

• Can insurance company change my policy? - Irish Times

  Can insurance company change my policy?Irish TimesShould I inform my mortgage provider that the terms of the block insurance have been changed? Should I take out my own private insurance to cover the ...
  2010-04-28 06:36:21

• Home sale surge: Is it a bump or a boom? - Seminole Chronicle

  Home sale surge: Is it a bump or a boom?Seminole Chronicle... where lenders allow a property to be sold for less than the amount owed on a mortgage, buyers find themselves at the mercy of the lender, which may take ...and more »
  2010-04-28 07:03:00

• Fall in bad debts boosts ANZ result - Sydney Morning Herald

  Fall in bad debts boosts ANZ resultSydney Morning HeraldIn a media briefing in Sydney, ANZ Bank Chief Executive Officer Michael Smith said the lender is considering buying a 51 per cent stake in Korea Exchange ...and more »
  2010-04-28 10:00:20

• ANZ posts higher H1 profit - Business Spectator

  ANZ posts higher H1 profitBusiness SpectatorThe lender recorded an underlying profit of $2.3 billion for the six months to March 31, up from $1.9 billion a year earlier. Operating income rose 10 per ...and more »
  2010-04-28 11:24:13

• Genesis Worldwide Inc. Announces Fourth Quarter and Fiscal Year 2009 Financial ... - Canada NewsWire (press release)

  Genesis Worldwide Inc. Announces Fourth Quarter and Fiscal Year 2009 Financial ...Canada NewsWire (press release)The Company recently received a demand letter from its lender requesting payment of all amounts owing as of the date of the demand letter. ...and more »
  2010-04-28 11:47:07

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