Archive for March, 2006

Friday, March 24th, 2006

Public Notices 
Columbia Star - 35 minutes ago
MASTER%27S SALE 04-CP-40-5758 By virtue of a decree hted in the case of The Bank of New York, as Trustee for New South Home Equity Trust 1999-2 formed pursuant to the Pooling and Servicing Agreement dated as of November 1, 1999, among Paine Webber Mortgage Acceptance Corporation IV asSave to My Web

Fitch Downgrs 1 & Upgrs 6 Classes of Morgan Stanley Dean Witter Capital I Inc., Series 2000-LIFE1 
[Press Release] Business Wire via Yahoo! Finance - 2 hours, 11 minutes ago
NEW YORK—-March 24, 2006–Fitch Ratings downgrades Morgan Stanley Dean Witter Capital I Inc., commercial mortgage pass-through certificates, series 2000-LIFE1, as follows: $13.8 million class L to ‘B-’ from ‘B’.Save to My Web

Divorce brings home misery 
Financial Times - 1 hour, 27 minutes ago
As if divorce itself wasnt bloody enough, separated spouses also face a wretched time sorting out mortgage finance. More than 150,000 couples end their marriages each year. With such a huge market youd think there would be a raft of mortgages available for divorcees.Save to My Web

Loan firm sell-off windfall for trio 
Stuff - 1 hour, 30 minutes ago
Three Hamilton men are several million dollars richer today after the sale of Hamilton-based non-bank home mortgage lender New Zealand Home Loans.Save to My Web

Public Notices 
Columbia Star - 35 minutes ago
MASTER%27S SALE 2005-CP-40-6045 BY VIRTUE OF A DECREE of the Court of Common Pleas for Richland County, South Carolina, heretofore issued in the case of Mortgage Electronic Registration Systems, Inc. against, John W. Banks, Shirley J. Banks, Household Finance Corporation II and CitifinanSave to My Web

Mortgage Frenzy is Easing, Group Told: Lenders, Borrowers Will Feel Pinch As Rates Rise, Expert Says 
Builder Online - 2 hours, 38 minutes ago
Mar. 24–Waukesha — The bill is coming due for America’s fat and happy days of mortgage-making and mortgage-getting, industry expert Michael Fratantoni predicted Thursday.Save to My Web

Wednesday, March 22nd, 2006

$61.2M Loan Finances West Hollywood Shopping Center Renovation 
Commercial Property News - 39 minutes ago
As part of a planned renovation and leasing effort for a 14-year-old shopping center, Goldman Sachs Commercial Mortgage Capital L.P. has provided a $61.2 million, non-recourse floating-rate loan under its transitional loan program secured by 8000 Sunset Boulevard.Save to My Web

R.I. residents to receive $3 million in settlement 
Providence Business News - 16 minutes ago
PROVIDENCE Rhode Island Attorney General Patrick C. Lynch filed pleadings Tuesday in Providence County Superior Court to implement an injunction and final judgment in the states settlement with Ameriquest Mortgage Co. As a result, Lynch said, Rhode Island residents victimized by Ameriquests predatory lending schemes will share more than $3 million in restitution payments.Save to My Web

Californians to Get $50 Million Slice of Ameriquest Settlement 
The Sacramento Union - 1 hour, 49 minutes ago
LOS ANGELESThe parent of Ameriquest Mortgage Co. will pay up to $50 million in restitution for California borrowers as part of a settlement brokered with state attorneys general over claims of deceptive lending practices, a prosecutor said Tuesday. Some 725,000 borrowers in 49 states will be eligible to recover part of their losses through the $325 million settlement agreement. California is Save to My Web

Triad Guaranty Joins RealEC Service Provider Network 
[Press Release] PR Newswire via Yahoo! Finance - 2 hours, 13 minutes ago
RealEC Technologies , the leading provider of Supply Chain Technology to the mortgage industry, today announced that Triad Guaranty Insurance Corporation, a wholly owned subsidiary of Triad Guaranty Inc. , and RealEC have collaborated to add Triad’s mortgage insurance products to the RealEC Exchange.Save to My Web

Bank of America, China Bank Cut ATM Fees 
San Francisco Chronicle - 1 hour, 29 minutes ago
Bank of America Corp. has reached a deal with a Chinese bank to offer both of their customers free ATM access while they’re traveling abroad. Beginning April 1, Bank of America customers in China can use debit or ATM cards for no charge at more than…Save to My Web

Bank of America, China Bank Cut ATM Fees 
Minneapolis-St. Paul Star Tribune - 2 hours, 12 minutes ago
CHARLOTTE, N.C. (AP) - Bank of America Corp. has reached a deal with a Chinese bank to offer both of their customers free ATM access while they’re traveling abroad. Beginning April 1, Bank of America customers in China can use debit or ATM cards for no charge at more than 11,000 foreign-enabled ATMs operated by China Construction Bank. The Chinese bank’s cardholders will enjoy the same benefit Save to My Web

Bay Area news in brief 
San Jose Mercury News - 1 hour, 27 minutes ago
An oval face, narrow eyes and a thicket of dark wavy hair. The description could match a million faces, but Santa Cruz County sheriff’s deputies are hoping that a new artist’s rendering of the woman whose charred body was found Saturday in a remote area will help them zero in on her identity.Save to My Web

Bank of America, China Bank Cut ATM Fees 
AP via Yahoo! News - 2 hours, 22 minutes ago
Bank of America Corp. has reached a deal with a Chinese bank to offer both of their customers free ATM access while they’re traveling abroad.Save to My Web

Bank of America, China bank cut ATM fees 
Victoria Advocate - 2 hours, 5 minutes ago
Beginning April 1, Bank of America customers in China can use debit or ATM cards for no charge at more than 11,000 foreign-enabled ATMs operated by China Construction Bank. The Chinese bank’s cardholders will enjoy the same benefit when using the nearly 17,000 Bank of America ATMs in the United States.Save to My Web

Wednesday, March 22nd, 2006

Mortgage lending soars to 21-month high
Monsters and Critics.com, UK - Mar 1, 2006 UK mortgage lending rose to its highest level for almost two years in January, new official figures reveal. According to the Bank

Tuesday, March 21st, 2006

Little trend change in individuals borrowing
Creditman, UK - Mar 20, 2006 Net mortgage lending rose by an underlying 4.4bn. This was lower than both the 4.6bn rise in January and the average of + 4.8

Tuesday, March 14th, 2006

Capital One to Buy North Fork, Join Top 10 U.S. Banks (Update7) 
Bloomberg.com - Mar 13 10:03 AM
March 13 (Bloomberg) — Capital One Financial Corp., the biggest independent issuer of Visa and MasterCard credit cards, will buy North Fork Bancorp for $14.6 billion, its second takeover of a bank in a year. North Fork’s shares rose as much as 18 percent.Save to My Web

Understanding mortgage terms 
The Meridian Star - Mar 11 9:02 PM
The purchaser of a new home may encounter various terms used by the real estate agent and the lending institution. Some of the terms are unique to mortgage banking, while others may come from related fields of appraisal, real estate or law. Below are some commonly used terms.Save to My Web

Revealed: The What Mortgage lenders of the year 
Mortgage Introducer - Mar 13 3:03 AM
Choosing the right mortgage isnt easy. There are over 100 lenders in the marketplace, and most offer a choice of deals. Some are straightforward, others less so.Save to My Web

ADVICE TO READERS 
Mortgage Introducer - Mar 13 2:50 AM
While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.Save to My Web

Wednesday, March 8th, 2006

UK mortgage lending growth slows in Jan after strong Dec - BBA
Forbes - Feb 20, 2006 LONDON (AFX) - Mortgage lending growth in the UK slowed slightly at the start of the year after a strong performance in December, figures from the British

Swiss Banking Industry Enjoyed Strong 2005, by Ulrika Lomas, Tax
Tax-news.com (subscription), UK - 14 hours ago The IMF also observed that retail banking has become more competitive, with significant growth in mortgage lending and asset management.

Lawmakers crack down on predatory lending
Community Press, KY - 3 hours ago covered under the CSPA, the state attorney general will have more authority to pursue predatory lenders and other bad actors in the mortgage lending industry.

Japanese bank lending up
BusinessWeek - 8 hours ago Overall lending by Japanese banks, including credit associations, rose 0.2 percent in Home Equity and Mortgage Loans - E-LOAN Online Lenders Offer Home Equity

UK gross mortgage lending picks up; records highest Jan ever - CML
Forbes - Feb 20, 2006 LONDON (AFX) - The UK property market got off to a good start in 2006, with gross mortgage lending in January the highest ever for the month, according to the

Equitable Group Inc. reports record fourth quarter and full year
CNW Telbec (Communiqu s de presse), Canada - Feb 28, 2006 We expanded our warehoused mortgage operations, entered the Calgary market for alternative single family dwelling mortgage lending, introduced a new cashable

Aames Investment Corporation to Announce Fourth Quarter 2005
dBusinessNews Los Angeles (press release), CA - Mar 7, 2006 economic conditions and interest rates; (iii) increased delinquency rates in the portfolio; (iv) intense competition in the mortgage lending industry; (v

Friday, March 3rd, 2006

It’s buy-to-let boomtime
This is Money - According to figures from the Council of Mortgage Lenders (CML), the value of new lending increased by nearly half (47%) in the final six months of last year to 14.6bn, bringing the total buy-to-let market up to 73.4bn. But David Hollingworth, at

Wells Fargo takes over Dominion mortgage services
Columbus Business Journal - The timing may be odd, but faced with lawsuits about its lending practices and questions from the state and federal governments, Dublin-based Dominion Homes Inc. is turning over its mortgage services to a joint venture with Wells Fargo Home Mortgage

Foreclosure rate soaring in Polk County
Des Moines Business Record - There s no question that Kelly Michael is busy; the question is, will her workload get even heavier in 2006? Michael, a program specialist at the Polk County sheriff s office, handles the sale of houses in foreclosure. In 2000, the office

Virgin’s lending lure
Herald Sun - VIRGIN Money will launch its mortgage product on Monday with a variable loan believed to be 6.59 per cent. BusinessDaily believes Virgin Mortgage will be a virtual bank, with customers conducting all communications via phone, internet, post and fax

Bank expands Charleston market presence
Spartanburg Herald-Journal - First National Bank of the South, based in Spartanburg, opened a loan production office on Daniel Island last Monday. The office is located near the Family Circle Cup Stadium at 260 Seven Farms Drive, Suite B. Bob Whittemore, Regional Lending Manager

Friday, March 3rd, 2006

Pulaski Bank and Prudential Select Properties Establish Joint Venture
dBusinessNews.com - St.Louis - ST. LOUIS — Pulaski Bank, a division of Pulaski Financial Corp. and Prudential Select Properties, REALTORS today jointly announced they have reached an agreement to establish a new joint venture to be called Preferred Home Lending. The

Spiritual adviser seeks harmony of faith and work
Minneapolis Star Tribune - Kristin Evenson had spent 18 years at the Fallon advertising firm and was a highly paid account director for clients including Nordstrom and Holiday Inn Express when she had an epiphany in 2003. “God said to quit the job and jump off of this cliff

It’s buy-to-let boomtime
This is Money - According to figures from the Council of Mortgage Lenders (CML), the value of new lending increased by nearly half (47%) in the final six months of last year to 14.6bn, bringing the total buy-to-let market up to 73.4bn. But David Hollingworth, at

Colorado business, 2/28
Denver Post - Qwest announced Monday it has signed a $7.5 million contract with Minneapolis-based Allina Hospitals & Clinics for long-distance services and a high-capacity data-networking service. Lockheed Martin ’s space- systems unit in Jefferson County has been

Virgin’s lending lure
Herald Sun - VIRGIN Money will launch its mortgage product on Monday with a variable loan believed to be 6.59 per cent. BusinessDaily believes Virgin Mortgage will be a virtual bank, with customers conducting all communications via phone, internet, post and fax

Friday, March 3rd, 2006

State Laws Against Predatory Mortgage Lending Work Without Cutting
PR Newswire (press release), NY - Feb 23, 2006 And that leads to one more conclusion: consumers would be harmed if federal law preempted state regulation.” Predatory mortgage lending costs Americans more

Friday, March 3rd, 2006

UK mortgage lending hits 8 month peak Wednesday, March 1, 2006 11:53:46 AM http://www.fxstreet.com 
The Forex Market - Mar 01 4:12 AM
FXstreet.com (Barcelona) - UK mortgage lending unexpectedly rose in January picking up to levels not seen since April 2004, demonstrating that the housing market is continuing to strengthen, official data from the Bank of England showed on Wednesday.Save to My Web

Study: State Laws Against Predatory Mortgage Lending Work Without Cutting Off Credit 
Real Estate News - Feb 27 1:29 PM
RISMEDIA, Feb. 28 A study by the Center for Responsible Lending proves that laws against predatory lending thwart abusive lenders while in many cases increasing availability of credit for people who need it most.Save to My Web

Higher Interest Rates, Costs Slow Down Raleigh, N.C.-Area Remodeling Industry 
Real Estate News - 1 hour, 24 minutes ago
RISMEDIA, March 3 The Triangle’s $180-million-per-year remodeling industry has finally slowed.Save to My Web

Impac Mortgage Holdings, Inc. Announces Participation in Upcoming Conference and Announces Upcoming Posting of January  
[Press Release] PR Newswire via Yahoo! Finance - Mar 01 12:36 PM
Impac Mortgage Holdings, Inc. , or the “Company”, a real estate investment trust , announced today that it would be presenting at the following conference. You are invited to listen to the presentation that will be webcasted live.Save to My Web

Consumers returned to spending in January 
Guardian Unlimited - Mar 01 3:19 AM
Money: Net lending to individuals rose 10.5bn in January compared with the previous month, official figures show.Save to My Web

More mortgage lenders are pulling out of Montgomery County 
Gazette.Net - Mar 02 7:07 PM
More than 20 mortgage lending companies have suspended doing business in Montgomery County because of the countys new lending discrimination law, which they criticize as vague and unnecessary.Save to My Web

Ulster Bank posts 15pc rise in profits 
Ireland Business World - Feb 28 3:15 AM
Ulster Bank, part of the Bank of Scotland Group, today posted a 15pc rise in profit to E775m in 2005 as mortgage lending climbed 31pc to E19.2 billion.Save to My Web

UK mortgage lending hits 8-month peak 
Ireland Business World - Mar 01 2:21 AM
UK mortgage lending picked up to levels not seen since April 2004, providing further evidence that the housing market is continuing to strengthen, according to official figures from the Bank of England.Save to My Web

Ulster profit surge on new mortgages 
Irish Examiner - Feb 28 5:23 PM
By Ian Guider ULSTER Bank has posted a 15% rise in pre-tax profits for 2005 following a surge in lending to mortgage and business customers.Save to My Web