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Mortgage audit won't help loan modification (Bankrate.com)
Most people facing foreclosure simply want to get reduced payments so that they can afford to keep their homes. Mortgage audits, supporters contend, can help by uncovering mistakes or legal violations in loan documents, giving homeowners a bargaining chip in negotiations with lenders. << read more >>
Jersey City officer accused of lying to bank to get mortgage, FBI says (The Record and Herald News)
Brian Ragauckas admitted to the FBI that he intentionally left his Secaucus property off the mortgage application because he thought he wouldn’t qualify for the loan if he listed it, according to the release. << read more >>
Owner of Legacy Lending pleads guilty in $20 million mortgage scam (Osseo-Maple Grove Press)
On March 2, in federal court in St. Paul, the 30-year-old part owner of Legacy Lending pleaded guilty to participating in a mortgage fraud scheme that involved 37 separate real estate transactions and $20 million in loan proceeds. << read more >>
Central bank asks for mortgage loan details from lenders (Taipei Times)
The central bank yesterday requested that local banks provide details on mortgage loans for regular borrowers and real estate investors within three days, including loan-to-value (LTV) ratios, loan interest rates, debt-to-income ratios and grace periods. << read more >>
Turner Foundation sued by PNC over Tecumseh Recreation Center mortgage (Springfield News-Sun)
SPRINGFIELD - PNC Bank is now setting its sights on the Turner Foundation for repayment of the $1.13 million mortgage loan still outstanding on the Tecumseh Recreation Center. << read more >>
Warning for mortgage holders who just refinanced (WTHR Indianapolis)
If you've recently refinanced a mortgage loan, the Indiana Department of Insurance wants you to make a follow-up call. << read more >>
Theresa Simiriotis Joins HomeBanc as Mortgage Loan Officer (Marketwire)
TAMPA, FL--(Marketwire - March 8, 2010) - Tampa-based HomeBancorp, Inc. has named Theresa Simiriotis as Mortgage Loan Officer for HomeBanc. She is based in HomeBanc's Tampa office located at Dale Mabry and I-275. << read more >>
Arbor Closes $1.4M Loan For Hyde Park Apartments (Banker & Tradesman)
A 16-unit complex known as Pyramid Apartments in Hyde Park has received a $1.4 million Fannie Mae loan from Arbor Commercial Funding, a subsidiary of Arbor Commercial Mortgage LLC of Uniondale, N.Y. << read more >>
Theresa Simiriotis Joins HomeBanc as Mortgage Loan Officer (Marketwire via Yahoo! Finance)
TAMPA, FL--(Marketwire - 03/08/10) - Tampa-based HomeBancorp, Inc. has named Theresa Simiriotis as Mortgage Loan Officer for HomeBanc. She is based in HomeBanc's Tampa office located at Dale Mabry and I-275. Ms. Simiriotis brings to HomeBanc 28 years of mortgage banking experience. She has a Bachelor's degree from the University of Texas. Ms. Simiriotis can be reached at (813) 549-4663 or ... << read more >>
Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets (Bloomberg)
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches. << read more >>
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