COLUMBUS - Arguing that homeowners in default on their mortgages need more time to work with lenders, Lucas County Commissioner Tina Skeldon Wozniak yesterday urged state lawmakers to enact a six-month moratorium on foreclosures. The House Housing and Urban Revitalization Committee is considering a bill that would freeze foreclosures on occupied homes while rules are enacted to encourage property owners and banks to renegotiate the terms of mortgages. Last year, Lucas County had 4,059 of the 86,000 foreclosure filings statewide. County commissioners unanimously adopted a resolution in January...
Shutters brought down on mortgage foreclosure racket
The Register
The Register
A bogus mortgage foreclosure prevention operation that traded in...
Foreclosure help available to more homeowners
MSNBC
MSNBC
WASHINGTON - The Obama administration is expanding a program to stave off foreclosure for borrowers who owe more than their homes are worth. Housing secretary Shaun Donovan says borrowers who owe up to 25 percent more...
Strategic foreclosures: defaulting when you can pay
The Examiner
The Examiner
Comment RSS Email Print Photo: Mike Licht A new study, detailed in this blog on the Wall Street Journal, finds that one out of four defaults on mortgages is “strategic” - meaning that the mortgage-holder does...
Mortgage foreclosures heading through the roof
USA Today
USA Today
Updated | Comment | Recommend | | | By Robert Hanashiro, USA TODAY Robin and Craig Doyle in their Woodland Hills, Calif., home. They are at risk of defaulting on their $947,000 mortgage....
Mass., other states, reach deal with mortgage firm
The News & Observer
The News & Observer
BOSTON -- A Florida-based firm has agreed to pay Massachusetts and 13 other states $9 million to help them oversee the company's mortgage lending practices. The state Division of Banks said the agreement was reached with...
Mortgage firm pays fine to settle state questions
The News & Observer
The News & Observer
HARRISBURG, Pa. -- Pennsylvania state regulators say a Florida-based mortgage company will pay $9 million in fines to settle questions by more than a dozen states. Pennsylvania Secretary of Banking Steve Kaplan also said...
30-year mortgage rates inch up
The Press Democrat
The Press Democrat
The average rate for a 30-year fixed mortgage was 5.42 percent, up from 5.38 percent a week...
Will an existing mortgage affect my new application?
The Guardian
The Guardian
Q I am renting out my house as I was unable to find a buyer. I switched my mortgage to a "consent to lease" deal and my letting agent has found me a tenant. Now in rented accommodation myself, my problem is that I do not...
Mortgage rates fall
The Miami Herald
The Miami Herald
Mortgage rates fell across the board in Bankrate.com's weekly national survey. The average 30-year fixed mortgage rate pulled back to 5.70 percent, from 5.8 percent last week; 15-year fixed rates fell to 5.07 percent...
Mandate National Mortgage Corporation - Second quarter 2009 dividend
Canada Newswire
Canada Newswire
VANCOUVER, June 19 /CNW/ - On behalf of the Board of Directors of Mandate National Mortgage Corporation ("Mandate"), Mr. Alan Long, President, is pleased to announce that June 30, 2009 has been fixed as the record...
Mortgage applications sink despite drop in rates
USA Today
USA Today
Posted | Comment | Recommend | | | From staff reports Mortgage loan applications decreased 15.8% in the week ended June 12, according to a survey by the Mortgage Bankers Association released...

