Lendance.com Personal Finance Topics Archive: March 2006

Electronic Mortgage in the Works: In an attempt to expedite the mortgage closing process, as well as cut down on human error, NotaryPro has put forth a completely automated mortgage process.
Added March 1st, 2006 -- Click here to read more!

Merge Creates Canadian Mortgage Giant: Toronto-based Scotiabank has signed a deal with Maple Financial Group Inc. which will purchase the smaller company for $233 million. The deal will make Scotiabank the third largest mortgage lender in Canada.
Added March 2nd, 2006 -- Click here to read more!

Company Now Offers Online Mortgage Application: The first version of a web application for The Mortgage Net Inc. has been completed by Ifinix Corp. subsidiary R&B Computer Systems. The system allows a borrower to apply, monitor and track their mortgage process online.
Added March 3rd, 2006 -- Click here to read more!

Virginia Senator’s Mortgage Raises Interest: Sen. Rick Santorum and his wife were approved for a $500,000 mortgage for their Leesburg home. The interesting part is that the small company that provided the mortgage has a policy to lend only to “affluent” investors – which the senator is not.
Added March 6th, 2006 -- Click here to read more!

Florida Mortgage Plot Exposed: Two investors from Boca Raton, Florida admitted fleecing mortgage lenders for more than $67 million in fraudulent loans for Palm Beach county hotels.
Added March 7th, 2006 -- Click here to read more!

Homebuyers Now Have Tools of the Trade: A new web site offers help in one of the most confusing journey’s in an adults life; a mortgage. The site also offers comparison shopping and tutorials to educate borrowers on the deals they’re getting.
Added March 8th, 2006 -- Click here to read more!

California Brokerage a Scam: They drive behind AMG Mortgage were not often seen without their cigarettes and their cell phones. But their office is seen without a main stay of the company for the last few months; the business partners.
Added March 9th, 2006 -- Click here to read more!

Business Feels Time Is Right For Refinancing: A hospital bond meeting was surprised when an investment rep told the JPs that the time was right for refinancing. Rising federal interest rate were behind the nudge, an indication that expenses will increase in the near future for federal refinancing.
Added March 31st, 2006 -- Click here to read more!

Mortgage Data Shows Boost in Activity: Though mortgage approvals fell in January from those in December, the overall amount of approvals is still more than those in January of 2005. This is a promising, though slow, start to the new year for the mortgage market.
Added March 10th, 2006 -- Click here to read more!

New Mortgage Guide Offered: Mortgages are big business, even in the cooling real estate market of 2006. How does a person know if they are getting a good deal though? With so many variables and technical jargon, a better way to educate borrowers has been offered; a mortgage guide.
Added March 13th, 2006 -- Click here to read more!

Mortgage Bill Deferred: Hawaiian mortgage brokers were handed a significant victory. But the state lawmakers may have given only a temporary reprieve.
Added March 14th, 2006 -- Click here to read more!

Delta Gets Mortgage Backed Securitization: A securitization priced at $875 million has been secured by Delta Financial Corporation. The move was facilitated by the companies subsidiary, Renaissance Mortgage Acceptance Group.
Added March 15th, 2006 -- Click here to read more!

Mortgage Program to Help in-Need Buyers: First time homebuyers and low-to-moderate income homebuyers have a helping hand in Massachusetts. The Massachusetts Credit Union League will provide $100 million in below-rate mortgage loans.
Added March 16th, 2006 -- Click here to read more!

Accounting Flaws in Mortgage Giant: Fannie Mae has disclosed that, when revising their already suspect account records, more flaws were found. The faulty accounting has now reached more than $11 billion.
Added March 17th, 2006 -- Click here to read more!

Armed Forces Get Mortgage Support: A premier online lender has released a new initiative to give mortgage support to the armed forces and their families. The help includes paying up to 20% of lenders fees.
Added March 20th, 2006 -- Click here to read more!

Mortgages Slow In February: The Council of Mortgage Lenders and the British Bankers Association are in agreement; mortgages have slowed down in February.
Added March 21st, 2006 -- Click here to read more!

Mortgage Scammer Jailed: Predatory lending practices have risen in the past five years by more than 125%. Legislation and law makers are now trying to target this new breed of scammers by inflicting harsher punishments, like jail time.
Added March 22nd, 2006 -- Click here to read more!

Late Payments Rise in 2005: A two and a half year high has been reached for late mortgage payments in the final quarter of 2005. Rising rates, high energy prices and damage from multiple strong hurricanes are held accountable.
Added March 23rd, 2006 -- Click here to read more!

Texas Seniors Have Reverse Mortgage Option: Senior home owners across the US have had the option of reverse mortgages for years. A TX mortgage company has allowed the Lone Star seniors to have access to the same programs as the rest of the country.
Added March 24th, 2006 -- Click here to read more!

Financing From GMAC Provided for RI Property: Diamond Hill Plaza, a retail property in RI, received more than $23 million in acquisition financing from mortgage giant GMAC. The Woonsocket company received the money in a floating rate, interim form.
Added March 27th, 2006 -- Click here to read more!

Mortgage Market Gaining Strength: The amount of mortgage approvals, and housing prices, rose in March, a sign that the mortgage market is regaining its strength. Volume and fundings had been sliding in the past three months, but the industry appears to be improving.
Added March 28th, 2006 -- Click here to read more!

EMC Hires New President: Mortgage corporation EMC hired a new President and COO. John Vella is joining the firm with 20 years experience in the mortgage field, and will take over the two positions in his own capacity.
Added March 29th, 2006 -- Click here to read more!

Customer Centric Lending Adds Community Banks: MoneyLine Lending services has brought six community banks on board their customer-centric lending programs. Bank clients select MoneyLine for the advance online tools, full range of products and the superior customer service.
Added March 30th, 2006 -- Click here to read more!

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