Mortgages-E

TV star avoids foreclosure (Calendarlive.com)
Don Johnson has paid $14.5 million to save his 17-acre ranch in Woody Creek, Colo., from a foreclosure sale.

Don Johnson pays to save Colorado estate from foreclosure (The Canton Repository)
ASPEN, Colo. (AP) - Don Johnson has paid $14.5 million to save his 17-acre Woody Creek ranch from a foreclosure sale. The former ‘Miami Vice’ and ‘Nash Bridges’ star had until noon Tuesday to make goo…

Don Johnson pays to save Colorado estate from foreclosure (ABC 7 Chicago)
Don Johnson has paid $14.5 million to save his 17-acre Woody Creek ranch from a foreclosure sale.

Foreclosure still means back condo fees must be paid off (The Daily News Transcript)
Q: If a bank forecloses on a condo does it have to pay all of the back fees owed by the owner to the condo association or only the fees from the date the bank took possession?

Historic McDonald Theatre faces foreclosure (The News-Review)
EUGENE, Ore. (AP) The final curtain may be about to fall at the historic McDonald Theatre. The downtown theater is in foreclosure and will be sold at auction June 6 unless its owners make good on a $1.76 million debt.

There’s still time to avoid foreclosure (Garden City Observer)
Low- and moderate-income homeowners in Wayne County who failed to pay 2003 property taxes still may be able to avoid foreclosure auctions of their residences, according to Legal Aid and Defender Association, Inc.

Actor Don Johnson pays delinquent ranch debt in time to prevent foreclosure (CP via Yahoo! Canada News)
ASPEN, Colo. (AP) - Don Johnson has paid $14.5 million US to save his Woody Creek ranch from a foreclosure sale.

Don Johnson avoids foreclosure on his ranch (Calgary Sun)
ASPEN, Colo. — Don Johnson has paid $14.5 million US to save his Woody Creek ranch from a foreclosure sale. The former Miami Vice and Nash Bridges star had until noon Tuesday to make good on a delinquent debt to D.A. Shaw Laminar Lending Inc.

Fiscal advice in Spanish (The Sacramento Bee)
ByDesign Financial Solutions, which provides consumers with personal finance counseling on bankruptcy, debt, identity theft and mortgage foreclosure, has launched a Spanish-language section on its Web site, www.bydesignsolutions.org.

Homes in Foreclosure Could Strain Colorado Housing Market (Real Estate News)
RISMEDIA, April 26, 2006 (KRT) Thousands of homes in foreclosure could put Colorado’s housing market under severe stress this summer, according to real-estate experts.

Historic McDonald Theatre faces foreclosure (The News-Review)
EUGENE, Ore. (AP) The final curtain may be about to fall at the historic McDonald Theatre. The downtown theater is in foreclosure and will be sold at auction June 6 unless its owners make good on a $1.76 million debt.

Don Johnson Pays $14.5M to Save Estate (ABC News)
Don Johnson Pays $14.5 Million to Save Colorado Estate From Foreclosure

Don Johnson pays to save Colorado estate from foreclosure (ABC 7 Chicago)
Don Johnson has paid $14.5 million to save his 17-acre Woody Creek ranch from a foreclosure sale.

Homes in Foreclosure Could Strain Colorado Housing Market (Real Estate News)
RISMEDIA, April 26, 2006 (KRT) Thousands of homes in foreclosure could put Colorado’s housing market under severe stress this summer, according to real-estate experts.

Ask the AG: Be wary of mortgage foreclosure ‘rescues’ (The Columbian)
Consumer: I’m behind on my house payments. I’ve seen advertisements around my neighborhood for businesses that will help you avoid foreclosure. Can I trust these companies?

Strapped owners have options to avert foreclosure (The Toledo Blade)
It’s the phone call that every homeowner dreads.

Business Briefs (Honolulu Star-Bulletin)
Nationally, the foreclosure rate during the first three months was one for every 358 households, higher than any quarter of 2005, RealtyTrac said. Hawaii had just 134 foreclosures, ranking it 42nd for the fewest out of the 50 states and the District of Columbia.

Expert advice needed to successfully buy foreclosed home (Daily Breeze)
Buying in a foreclosure sale can be tricky. Q uestion: My wife and I are combing the foreclosure lists for a possible home purchase, given that an increasing number of homeowners are feeling the squeeze from rising interest rates and slightly declining home prices.

Tennessee Q1 foreclosures up 147% (Memphis Business Journal)
Tennessee ranks among the top 10 foreclosure rates in the nation for the first quarter of 2006, according to recent figures.

National Foreclosures Increase 38 Percent in First Quarter According to RealtyTrac(TM) U.S. Foreclosure Market Report (PR Newswire via Yahoo! Finance)
RealtyTrac , the leading online marketplace for foreclosure properties, today released its 2006 Q1 U.S. Foreclosure Market Report, which showed that 323,102 properties nationwide entered some stage of foreclosure in the first quarter of 2006, a 38 percent increase from the previous quarter and a 72 percent year-over-year increase from the first quarter of 2005.

A Hollywood ending: Johnson saves ranch (Aspen Daily News)
The man in white is back in black. Actor Don Johnson saved his Woody Creek ranch from foreclosure by shelling out $14.5 million at about 4 p.m. Monday, beating Tuesday’s noon deadline to make good on a delinquent debt to a lender, said Carol Foote, Pitkin County’s deputy public trustee.

Search for the quick sale turns dream into reality (BizJournals)
“Sell your home in LESS THAN 10 DAYS,” billboards urge in low-income and transitional neighborhoods. The TV commercials feature a somber looking middle-aged man who confidently reassures the viewer that the company has the power to stop foreclosure — if you just call this toll-free number.

Mortgage defaults on rise in West, Southwest (Sacramento Business Journal)
Mortgage foreclosure activity in the first quarter of 2006 increased significantly from the fourth quarter of 2005 in several western and southwestern housing markets, according to a report released Monday.

Strapped owners have options to avert foreclosure (The Toledo Blade)
It’s the phone call that every homeowner dreads.

National Foreclosures Increase 38 Percent in First Quarter According to RealtyTrac(TM) U.S. Foreclosure Market Report (PR Newswire via Yahoo! Finance)
RealtyTrac , the leading online marketplace for foreclosure properties, today released its 2006 Q1 U.S. Foreclosure Market Report, which showed that 323,102 properties nationwide entered some stage of foreclosure in the first quarter of 2006, a 38 percent increase from the previous quarter and a 72 percent year-over-year increase from the first quarter of 2005.

Foreclosures in state increase (The Fort Collins Coloradoan)
Colorado saw the second highest foreclosure ratios in the first three months of the year, a time in which nationally, foreclosures increased 38 percent over the previous quarter.

Ask the AG: Be wary of mortgage foreclosure ‘rescues’ (The Columbian)
Consumer: I’m behind on my house payments. I’ve seen advertisements around my neighborhood for businesses that will help you avoid foreclosure. Can I trust these companies?

Residential foreclosures on the rise back to normal levels (San Diego Daily Transcript via Yahoo! News)
As the overall rate of housing appreciation slows in San Diego County, foreclosure activity has begun to increase on a county and statewide level.

Tennessee Q1 foreclosures up 147% (Memphis Business Journal)
Tennessee ranks among the top 10 foreclosure rates in the nation for the first quarter of 2006, according to recent figures.

buyer aims to build retirement housing for high-income residents
Aurora Beacon News, IL - 12 hours ago Counsel Alayne Weingartz, the costs of these and other city actions will be levied as liens against the property, in an effort to start foreclosure proceedings

Home foreclosures increase 72%
Chicago Tribune, United States - 10 hours ago IRVINE, Calif. — Mortgages entering foreclosure jumped 72 percent during the first quarter from a year earlier, as higher interest rates increased monthly

Microsoft suffers setback in overturning EU antitrust ruling
PC Pro, UK - 6 hours ago said, ‘The fact that Apple moved away from competing with Microsoft head-to-head into the music service business does not contradict foreclosure; it confirms it

Competition policy as a promoter of the Single Market
EUROPA (press release), Belgium - 9 hours ago These include high levels of market concentration and vertical foreclosure, lack of integration between national markets and an absence of transparency and a

Bank silent on sudden Normal hotel closure
Bloomington Pantagraph,  USA - 13 hours ago Although the bank had begun the foreclosure process against the hotel in McLean County civil court, the case is in its early stages and a judge has not even

Freddie stretches to make Gulf Coast deals work
Affordable Housing Finance, CA - 23 hours ago Hurricane Katrina in August 2005. Contact your lender to see if a moratorium on foreclosure is available. Freddie Mac, Fannie Mae

Home equity loans can help pay for projects, pay down debts
Press & Sun-Bulletin, NY - 13 hours ago payments. While foreclosure is the bank’s last resort, Mahler said it’s a slow and lengthy process and happens infrequently. Ed

Hennepin County Foreclosures Have Some Worried
WCCO, MN - 20 hours ago “They’re financed to the max, refinance their existing equity,” said Curt Lingwall, who works exclusively with foreclosure properties for Remax Associates.

Colorado second nationally in Q1 foreclosures
Bizjournals.com, NC - 21 hours ago Georgia was first. Georgia had one of every 127 households in foreclosure in the first quarter, compared to Colorado’s one of every 138.

Fitch Upgrades 4 Classes of Bear Stearns 1998-C1
Business Wire (press release), CA - 3 hours ago located in Ocean City, MD. The special servicer is determining workout options, including foreclosure. The third specially serviced

Mortgage lending rises (Guardian Unlimited)
Consumers take on increasing levels of mortgage debt.

March proves to be another record lending month for UK mortgage market (Banking Business Review)
Gross mortgage lending in March reached GBP28.3 billion - an increase of 26% on the previous month, according to the latest data from the Council of Mortgage Lenders (CML). This is the highest March lending figure on record and is 34% higher than the GBP21.2 billion lent in March 2005.

Mortgage lending rises despite debt fears (Guardian Unlimited)
Money: March figures suggest consumers are putting more cash on deposit while taking on higher mortgage debt.

Mortgage lending rises despite debt fears (Guardian Unlimited)
Figures for March suggest consumers are cutting down on unsecured borrowing but taking on more mortgage debt.

Mortgage lending growth near 2-year high (Reuters.co.uk)
LONDON (Reuters) - Underlying mortgage lending growth jumped in March to its highest in nearly two years, the British Bankers’ Association said on Monday, in data that suggested the housing market remains buoyant.

iGate buys 5 pct stake in U.S. mortgage company (Reuters via Yahoo! Asia News)
MUMBAI, April 24 (Reuters) - India’s iGate Global Solutions Ltd. said on Monday it was picking up a 5 percent stake in U.S.-based mortgage origination company Loan Pro LLC for an “insignificant” sum.

Mortgage lending rises despite debt fears (Guardian Unlimited)
Money: March figures suggest consumers are putting more cash on deposit while taking on higher mortgage debt.

Mortgage rates keep climbing, highest in nearly 4 years (USA Today)
Rates on 30-year, fixed-rate mortgages averaged 6.53% the week ending April 20, up from 6.49% last week, Freddie Mac, the mortgage company, reported Thursday. This week’s rate was the highest since the week ending July 12, 2002, when 30-year mortgage rates stood at 6.54%.

Royal Bank and Bank of Montreal raise mortgage rates (Canadian Business)
TORONTO (CP) - RBC Royal Bank (TSX:RY) and Bank of Montreal have raised mortgage rates by more than a tenth of a percentage point to reflect the rising cost of borrowing in the bond market.

Mortgage Rates Hit Highest Point in Nearly 4 Years (Fox News)
Thirty-year mortgage rates hit highest point in nearly 4 years.

Mortgage Rates Highest in Nearly 4 Yrs. (San Francisco Chronicle)
Rates on 30-year mortgages marched up this week to their highest point in nearly four years, a factor that is taking some oomph out of the housing market. Freddie Mac, the mortgage company, reported Thursday that for the week ending April 20, rates on…

Mortgage lending at highest since 2004 (Guardian Unlimited)
Mortgage lending reached 28.3bn last month, a record March figure and the highest in any month since July 2004, the Council of Mortgage Lenders said yesterday.

Comptroller warns about new mortgage products (Market Watch)
WASHINGTON (MarketWatch) — Nontraditional mortgage products that appear to save consumers money at first may wind up costing them a lot more later, a top U.S. economic official said Thursday.

Banks Shrug Off Recent Mortgage Slowdown (AP via Yahoo! News)
Wells Fargo & Co. and U.S. Bancorp posted record first-quarter profit on Tuesday, shrugging off a recent home mortgage slowdown caused by rising interest rates.

Aussie mortgage fees higher than US, UK (AAP via Yahoo! Australia & NZ News)
Costs and fees in the Australian mortgage lending market are up to 35 per cent higher than those charged in the US and UK, a new report shows.

(AFX UK Focus) 2006-04-19 12:42 GMT: Mortgage applications off modestly as rates rise, MBA says (Interactive Investor)
WASHINGTON (AFX) — The volume of mortgage applications activity slipped 1.7% in the week ended April 14 compared to the prior week, data compiled by the Mortgage Bankers Association show.

Thornburg Mortgage 1Q Earnings Rise (AP via Yahoo! Finance)
Mortgage lender Thornburg Mortgage Inc. on Tuesday reported higher first-quarter earnings, helped by tighter spreads and rising rates.

Best to stick with a fixed mortgage (Pioneer Press)
Q. I’m house hunting this spring and have found a couple of nice homes, so I’m thinking about the next step. Which type of mortgage is best?

U.S. mortgage applications fell last week (UPI)
WASHINGTON, April 19 (UPI) — The number of U.S. mortgage applications last week fell 1.7 percent, an industry group said Wednesday. However, the Mortgage Bankers Association also said the 4-week moving average of mortgage applications was up 0.2 percent.

SunTrust Profit Rises 8 Percent, Smallest in 2 Years (Update1) 
Bloomberg.com - 1 hour, 44 minutes ago
April 17 (Bloomberg) — SunTrust Banks Inc. said profit increased 8 percent, the smallest gain in more than two years for the No. 3 bank in the U.S. Southeast, as borrowing costs rose and demand for consumer loans fell.Save to My Web

Needs, Wants, Luxuries 
Forbes - 2 hours, 44 minutes ago
Prudent ways for newlyweds to segment their income and expenses.Save to My Web

Tax liability if mortgage is in parents’ name? 
Contra Costa Times - 51 minutes ago
Q: This is the situation: My parents purchased a home because my husband and I did not qualify for the loan. They consider this our home and we will get to keep the profit when we sell. We pay all the payments including the tax and insurance. We now want to sell the home and use the proceeds to buy another home.Save to My Web

Wachovia Earns $1.73 Billion or $1.09 Per Share in 1st Quarter 2006 
FinanzNachrichten - 2 hours, 9 minutes ago
1st Quarter 2006 Compared With 1st Quarter 2005 - Results reflect record revenue and disciplined expense control. - Results also include a $100 million fee received in relation to the credit card business, as well as the impact of acquisitions, including Westcorp on March 1, 2006.Save to My Web

Sun Bancorp, Inc. Reports Earnings for the First Quarter 
[Press Release] PR Newswire via Yahoo! Finance - 20 minutes ago
Sun Bancorp, Inc. today reported net income of $4.2 million, or $.21 per share, for the quarter ended March 31, 2006, compared to net income of $5.1 million, or $.26 per share, for the first quarter 2005.Save to My Web

First Community Bancorp Announces Record Earnings for the First Quarter of 2006 
[Press Release] PR Newswire via Yahoo! Finance - 17 minutes ago
First Community Bancorp today announced net earnings for the quarter ended March 31, 2006, of $17.4 million, or $0.88 per diluted share, compared to net earnings of $10.3 million, or $0.63 per diluted share, for the quarter ended March 31, 2005.Save to My Web

These Easy Steps Can Help Improve Your Credit 
Freeport Journal - 1 hour, 31 minutes ago
(ARA) - Credit cards are a great convenience. They eliminate the need to carry large amounts of money, you can track your spending through your monthly statements and they save the day when you’re faced with unexpected expenditures such as car repairs or medical bills.Save to My Web

SunTrust first-quarter profit rises 8 percent 
Reuters via Yahoo! News - 2 hours, 48 minutes ago
SunTrust Banks Inc. , the No. 7 U.S. bank, on Monday said first-quarter profit rose 8 percent, helped by lending growth and improved loan credit quality.Save to My Web

/FIRST ADD — CLM019 — Wachovia Corporation Earnings/ 
FinanzNachrichten - 2 hours, 9 minutes ago
PAGE 8 WACHOVIA CORPORATION ( Nachrichten ) AND SUBSIDIARIES FINANCIAL TABLES TABLE OF CONTENTS PAGE Financial Highlights - Five Quarters Ended March 31, 2006 9 Other Financial Data - Five Quarters Ended March 31, 2006 10 Consolidated Statements of Income - Five Quarters Ended March 31, 2006 11 Business Segments - Three Months Ended March 31, 2006 and December 31, 2005 12 Business Segments - Save to My Web

Tavant Technologies Launches Mortgage Solutions, Taking Lending Technology to the Next Level 
[Press Release] PR Newswire via Yahoo! Finance - 17 minutes ago
Tavant Technologies Inc., a rapidly growing IT services company focusing on the development of mission- critical software applications, today announced the launch of its lending systems development & rapid enhancement platform.Save to My Web

Remarks by Vice Chairman Roger W. Ferguson, Jr. 
Federal Reserve Board - 40 minutes ago
I am very pleased to open this conference on Modern Financial Institutions, Financial Markets and Systemic Risk. Let me begin by thanking the Federal Reserve Bank of Atlanta for hosting this conference and for organizing, along with the International Association of Financial Engineers, an impressive program that is filled with high-quality papers on topics of keen interest to central bankers.Save to My Web

People on the move 
The Indianapolis Star - 8 minutes ago
Promotions ADVERTISING/MARKETING/ PUBLIC RELATIONS Chi Sherman (account director) at Sherman & Co. ARCHITECTURE/ENGINEERING Richard Gustafson (group manager) at Driesenga & Associates.Save to My Web

Friends Rally Around Indicted Former HomeGold Chief Executive 
WYFF News 4 - 47 minutes ago
Longtime friends say they plan to stand behind Jack Sterling as he goes on trial on charges of securities fraud and conspiracy.Save to My Web

Visionet Systems Launches High Cost Lending Module 
[Press Release] Business Wire via Yahoo! Finance - 10 minutes ago
CRANBURY, N.J.—-April 17, 2006–Visionet Systems has launched VisiHCLAS , a high cost predatory lending analysis and remediation tool for lenders and servicers. VisiHCLAS helps mortgage companies manage and monitor situations where a high-risk loan warrants additional charges.Save to My Web

SunTrust first-quarter profit rises 8 percent 
Reuters - 2 hours, 41 minutes ago
NEW YORK (Reuters) - SunTrust Banks Inc. STI.N , the No. 7 U.S. bank, on Monday said first-quarter profit rose 8 percent, helped by lending growth and improved loan credit quality.Save to My Web

Bankers resist limits on ‘exotic mortgages’ 
The Philadelphia Inquirer - 5 minutes ago
Efforts by regulatory agencies to rein in so-called exotic mortgages have met with opposition from major bankers’ organizations. Both the Mortgage Bankers Association of America and America’s Community Bankers say the guidelines proposed in December by the Office of the Comptroller of the Currency and other agencies might limit innovation. Both groups presented comments in letters sent to Save to My Web

S&T Bancorp, Inc. Announces Increased Earnings 
FinanzNachrichten - 9 minutes ago
INDIANA, Pa., April 17 /PRNewswire-FirstCall/ — S&T Bancorp, ( Nachrichten ) Inc. today announced net income of $14.2 million or $0.54 diluted earnings per share for the quarter ended March 31, 2006, compared to net income of $13.8 million or $0.51 diluted earnings per share for the first quarter of 2005. Net income increased 3 percent while diluted earnings per share increased 6 percent.Save to My Web

SunTrust Banks 1Q Profit Rises 
AP via Yahoo! Finance - 1 hour, 34 minutes ago
SunTrust Banks Inc., one of the nation’s largest banks with assets of $178.9 billion, said Monday its first-quarter profit rose 8 percent, which it credited to strong revenue growth.Save to My Web

Wachovia Earnings Rise 7% 
TheStreet.com - 1 hour, 3 minutes ago
Higher loan volume and brokerage results help.Save to My Web

Amherst Funding Group Announces Alt-A Residential Conduit and Marketing Agreement with SN Capital Markets 
[Press Release] Business Wire via Yahoo! Finance - 17 minutes ago
AUSTIN, Texas—-April 17, 2006–Amherst Funding Group, L.P. is proud to announce the execution of an exclusive agreement with SN Capital Markets, L.L.C. of Denver, Colorado, to market AFG’s Alt-A correspondent conduit.Save to My Web