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Mortgage scammer sentenced to 30 months - Palm Beach InteractiveMortgage scammer sentenced to 30 months By JEFF OSTROWSKI Palm Beach Post Staff Writer Monday, December 01, 2008 Convicted mortgage scammer Ralph Michel was sentenced this morning to 30 months in federal prison for his role in using dozens of ...
Latest Fed bailout brings down mortgage rates - Providence Business NewsNORTH PALM BEACH, Fla. – Yesterday’s Federal Reserve pledge to buy as much as $600 billion in consumer and mortgage debt gave borrowers reason to be thankful, triggering the sharpest one-day decline in U.S. mortgage rates of the past seven years ...
Nominee to oversee $700 billion bailout has Palm Beach County ties - Palm Beach PostRepublicans. That's what Neil Barofsky listed in the "dislike" category of the 1988 Spanish River High yearbook's senior directory. But for the high school math whiz turned Justice Department standout, a lot has changed in 20 years. President George ...
Home shoppers rush in as mortgage rates fall - USA TodayTelephones are ringing — and ringing — at mortgage brokers' offices around the country after this week's sharp drop in mortgage rates. Average rates on 30-year fixed-rate mortgages fell to 5.97%, down from 6.33% the week before, according to ...
Lower US Mortgage Rates Lift Application Demand - CNBCLower U.S. mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets. With average 30-year fixed loan rates ...
REFILE-Lower US mortgage rates lift applications demand - ForbesNEW YORK, Nov 26 (Reuters) - Lower U.S. mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets. With ...
Fed will buy $500 billion in securitized home loans - ScrippsNewsMortgage rates plunged after the Federal Reserve announced that it would buy up to $500 billion of securitized home loans. Rates on 30-year, fixed-rate, conforming mortgages fell well below 6 percent after the Fed announced Tuesday morning that it ...
Want a mortgage? Rates fell sharply Tuesday - Detroit Free PressA sharp plunge in U.S. mortgage rates Tuesday gave lenders and home buyers a lot to be thankful for — and spurred the biggest loan application day in Livonia-based Quicken Loans’ history. U.S. mortgage rates dropped Tuesday to 5.5% on average for ...
Linda Gosman released on $1 milllion bail - Palm Beach Daily NewsWEST PALM BEACH — Former Palm Beach socialite Linda Gosman was released from jail on $1 million bail early this afternoon following a court hearing in which she agreed to supply records of her Swiss bank account to federal prosecutors within two ...
Lower US mortgage rates offer hope to Main Street - ReutersCINCINNATI, Nov 26 (Reuters) - For Cincinnati mortgage broker Greg Humphrey, the Federal Reserve's move to help homebuyers on Tuesday came just in time to save one client a pile of money -- and he hopes it will be a lifeline for others. "We were ...
Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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