Mortgage

Mortgage

FNTG Offers 50 Percent Discount and Free Credit Monitoring to Homeowners With Property Damage...

SAN DIEGO, Nov. 19 /PRNewswire-FirstCall/ -- Three of Fidelity National Title Group's (FNTG's) underwriters are cutting their title insurance rates in half for homeowners whose residences have been partially or completely destroyed by the recent wildfires in California, the Company announced today. Title insurance discounts are available from Chicago Title, Fidelity National Title and Ticor Title.

PriceMyLoan Delivers On Its Promises With Private Testing Suite

COSTA MESA, Calif., Nov. 15 /PRNewswire/ -- PriceMyLoan (PML) today announced that Spectra Funding has implemented their automated underwriting and loan pricing technology. Spectra Funding was convinced of PriceMyLoan's capabilities in large part because of the private testing suite that was offered to them during the vendor due diligence process.

Credit union a casualty of housing crisis

The weight of defaults on real estate loans has forced the Bay Area-based Cal State 9 Credit Union into federal conservatorship.

GMAC ResCap to Offer Mortgage Relief to Customers Affected By California Wildfires

GMAC ResCap will offer mortgage relief counseling, and other assistance to about 330,000 GMAC Mortgage and Homecomings Financial customers that may be affected by the Southern California wildfires within the areas that have been declared federal disaster areas.

Nearly 600 Southern California Foreclosed Homes Totaling $198 Million Up For Auction

With Homes Valued from $100,000 to nearly $700,000, Buyers Will Likely Find Pick of Deals at Auction Scheduled November 6-11

GMAC ResCap to Offer Mortgage Relief to Customers Affected By California Wildfires

MINNEAPOLIS, Oct. 25 /PRNewswire/ -- GMAC ResCap will offer mortgage relief counseling, and other assistance to about 330,000 GMAC Mortgage and Homecomings Financial customers that may be affected by the Southern California wildfires within the areas that have been declared federal disaster areas

Countrywide Announces a $16 Billion Comprehensive Home Preservation Program

CALABASAS, Calif., Oct. 23 /PRNewswire/ -- Countrywide Financial Corporation (NYSE: CFC) today announced a comprehensive home preservation program to reach out to borrowers at-risk of default.

CalCORP Mortgage Program Educates Californians to Avoid Foreclosures

LOS ANGELES, Oct. 22 /PRNewswire/ -- Among the top 10 metro areas with the largest number of foreclosure filings are six California cities. Merced topped the list followed by Modesto, Stockton, Riverside-San Bernardino, Vallejo-Fairfield, and Sacramento.

First American LoanPerformance Releases August 2007 House Price Index

SAN FRANCISCO, Oct. 18 /PRNewswire-FirstCall/ -- First American LoanPerformance, a member of The First American Corporation (NYSE: FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its August 2007 LoanPerformance Home Price Index (HPI)

Survey Results Show Lenders Not Helping Borrowers Keep Their Homes

SAN FRANCISCO, Oct. 10 /PRNewswire-USNewswire/ -- California's largest lenders are not helping borrowers, who struggle to make their mortgage payments, avoid foreclosure. The California Reinvestment Coalition (CRC) surveyed 33 of the state's more than 80 mortgage counseling agencies that offer assistance to financially strained borrowers, and found that most borrowers are pushed to foreclosure or short sale, leaving them without the homes they worked so hard to own.

Mortgage Meltdown

Ever since the real estate market boiled over, melting down the mortgage industry and its cheap-money feeding frenzy, I've been waiting for one happy outcome: an end to the roar of mortgage brokers at my various doors.

Countrywide Home Loans Partners with RealEC Technologies to Deliver Online Closing Platform

SANTA ANA, Calif., Oct. 10 /PRNewswire-FirstCall/ -- RealEC Technologies Inc., the leading provider of collaborative network solutions to the mortgage industry, today announced it has entered into an agreement with Countrywide Home Loans, Inc., a division of Countrywide Financial Corporation, allowing Countrywide to use RealEC's Web-based closing platform for mortgage refinance and home equity lending transactions.

PMI Mortgage Insurance Co. Heralds House Vote to Extend Tax Deductibility for Mortgage Insurance...

WALNUT CREEK, Calif., Oct. 4 /PRNewswire-FirstCall/ -- The PMI Group, Inc. (NYSE: PMI) applauds Thursday's overwhelming vote in the House of Representatives to pass H.R. 3648, which, among other things, extends the tax provision enabling low- to moderate-income homebuyers to deduct the cost of mortgage insurance premiums from their federal income tax returns until 2014. Similar legislation, S. 1416, was introduced in the Senate in July.

Dalton Investments Launches Distressed Mortgage Strategy

LOS ANGELES, Oct. 2 /PRNewswire/ -- Dalton Investments, LLC, a SEC- registered investment management firm serving institutional and private clients, today announced that it is offering a new distressed-mortgage strategy that will buy defaulted loans from mortgage servicing companies at significant discounts and restructure them, providing affordable monthly payments for homeowners and a residential mortgage- and real estate-backed investment vehicle for Dalton's investors.

Hood Estate: The Manual for Success & Wealth Through Real Estate

American entrepreneurs have made millions in the real estate market. Unfortunately it is an industry that is too often closed to underprivileged people, though they have their own enterprising dreams. Despite the current real estate slump, real estate mogul

Hood Estate: The Manual for Success & Wealth Through Real Estate

American entrepreneurs have made millions in the real estate market. Unfortunately it is an industry that is too often closed to underprivileged people, though they have their own enterprising dreams. Despite the current real estate slump, real estate mogul

Joffrey Long: Reverse Mortgage Benefits to Be Reduced

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A favorite reverse mortgage program -- one that gave borrowers the most in cash, monthly income, or credit line benefits, is soon to end.

Joffrey Long: How Smart Investors Are Profiting From the Sub Prime Meltdown

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- Four Months Ago, Bob Edleson, a private investor in real estate loans, was having difficulty keeping his money invested. "There just weren't enough good loans to invest in." Today, with many subprime lenders not making loans, Bob has a wide choice of loans in which to invest. Bob is a "private money" or "hard money" investor. From individuals with just 30,000 invested, to those who invest millions, they loan to borrowers whose credit or property doesn't meet the conditions of institutional lenders.

Joffrey Long: Reverse Mortgages – Wait and Lose $30,000

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A recent article published by a major Organization for Retired Persons offers what looks like a poorly thought out suggestion. The article suggests that those considering a reverse mortgage "wait it out" for a year or two. While there may be some borrowers who truly are not yet ready to start a reverse mortgage, there are a number of potential problems, none of which were disclosed in the article.

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Northern California Real Estate Investor Sentenced for Rigging Bids at Public...

A Northern California real estate investor was sentenced yesterday for his role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

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Northern California Real Estate Investor Sentenced for Rigging Bids at Public...

A Northern California real estate investor was sentenced yesterday for his role in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced.