Lendance.com Personal Finance Topics Archive: April 2006

Cal-Bay Position Matures With Closing in Florida: An $8 million position for Cal-Bay looks to mature as one of the largest home builders closes escrow on a West Palm Beach, Florida property. First mortgage position was occupied by Cal-Bay.
Added April 3rd, 2006 -- Click here to read more!

Prospectus Filed For Xceed Mortgage Trust: Non-traditional lender Xceed Mortgage Corporation announced its trust division has filed a preliminary prospectus with securities regulators in Canada. The prospectus notes more than $500 million in mortgage-backed term notes.
Added April 4th, 2006 -- Click here to read more!

Local Mortgage Companies Shut Down: As the mortgage industry cools, so does the business for small lenders. Two mortgage companies have shut down this past week in response to the slowing mortgage market.
Added April 5th, 2006 -- Click here to read more!

New Arrest In Mortgage Scheme: Two Mississippi women were charged in a mortgage scheme in Lauderdale County. Each woman accrued six counts of mail fraud and one count each of conspiracy in a mortgage scheme.
Added April 6th, 2006 -- Click here to read more!

Delivery Management System Delivered in Software: Astera Software has introduced an improved workflow and pool delivery management system. The mortgage software will allow departments to streamline due diligence and facilitate the delivery process.
Added April 7th, 2006 -- Click here to read more!

Mortgage Training Course Approved: A Maryland mortgage education company received state approval for a new training course. The Hunts Valley company will offer a new class for statewide mortgage lenders.
Added April 10th, 2006 -- Click here to read more!

New Mortgage Company Provides Stellar Service: When two experienced mortgage consultants came together, they decided to make a new kind of company. Reliant Mortgage Lending customers will know just who they are working with; one of the two owners of the company.
Added April 11th, 2006 -- Click here to read more!

Borrowers Pay For Mortgage Fraud: Mortgage fraud has been pushed into the spotlight in the last few months. Though many fraudulent business are made to pay, in the end fraudulent lending activities can start costing the borrower, too.
Added April 12th, 2006 -- Click here to read more!

Mortgage Company Forced Into Bankruptcy: A potential fraud case against a San Jose mortgage company has caused the lender and it’s top ranking official into bankruptcy. The fraud included fabricated deeds of trust and millions of dollars.
Added April 13th, 2006 -- Click here to read more!

Lenders Partner to Avoid Foreclosures: NeighborWorks Center for Foreclosure Solutions and 12 major lenders have joined together to avert foreclosures in hotspots for the process. Neighborhoods that have high rates of foreclosure will be offered improved research, counseling and partnerships.
Added April 14th, 2006 -- Click here to read more!

Ten Ways Mortgage Lenders Abuse Homeowners: A new survey compiled in the beginning of 2006 lists ten ways lenders abuse or overcharge borrowers. The survey covers every state in the US, and was compiled in response to consumers who wanted to know what fees were legal, and what was bogus.
Added April 17th, 2006 -- Click here to read more!

Employment Drops as Rates Rise: The mortgage and real estate industry have cooled in the first and second quarter of 2006. While this is regulating the housing market, it has a backlash; cut backs for mortgage employees.
Added April 18th, 2006 -- Click here to read more!

Mortgage Payments on Time in Hawaii: As the nation is starting to experience the rush to keep up with rising mortgage payments, there is one state that can boast the lowest percent of homeowners who fell behind on payments; Hawaii.
Added April 19th, 2006 -- Click here to read more!

Website Gives Homeowners Tips on Fair Lending: A list of top five tips from the Homeowners Consumer Center helps those who want to purchase a home. The tips cover how to pick a real estate agent, getting a good deal on your mortgage and getting the right type of insurance.
Added April 20th, 2006 -- Click here to read more!

Mortgage Risks Becoming Evident: Market analysts have forecasted that the mortgage bubble would burst. Though the market has cooled, and foreclosure rates have risen, those in the industry say that the worst is yet to come.
Added April 21st, 2006 -- Click here to read more!

Assurance Program Offered For Mortgage Leads: The mortgage industry has a new proponent for purchase, refinance and equity leads. ProspectZone has created a new Quality Assurance Program, which will assist in enhancing the company’s estimable selection of mortgage leads.
Added April 24th, 2006 -- Click here to read more!

Purchases Pushed by Freddie Mac: Cheaper valuations in March led to a boost in mortgage bonds for Freddie Mac for the second month in a row. The annualized growth rate for the mogul mortgage company is now at 17.2 percent.
Added April 25th, 2006 -- Click here to read more!

Lending is Back With Two Year Record Growth: The market may seem to be cooling, but underlying mortgage lending has shown a jump in growth. UK lending is now at a two year high, leading some to believe that recovery is in sight for the mortgage market.
Added April 26th, 2006 -- Click here to read more!

Mortgage Tool Launched by PMI: A new tool that offers a side by side comparison of mortgage options is now available to realtors and brokers. PMI’s new eCompare Calculator shows mortgage insurance options next to piggy back loans.
Added April 27th, 2006 -- Click here to read more!

Get a Good Deal When Refinancing: When refinancing a home, knowing how to qualify for the best deals can save a lot of financial hassle and hardship. By following a few easy steps, borrowers can qualify for the best interest rate.
Added April 28th, 2006 -- Click here to read more!

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