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Couple lose home as lender wipes out ?200k debt

Posted by mortgage 315 days ago (Editorial)
A COUPLE?S mortgage debt burden of over ?200,000 was wiped out by their lender ? but they lost their home in the deal.
share: digg facebook twitter Because of the large amount of income tax I was going to have to pay on the withdrawal and today's historic low interest rates, we decided to get a small mortgage of about $60,000 on a $350,000 purchase. [...] the mortgage lender told us that he doesn't have any investors who will do a farm loan. [...] paying the income taxes on the IRA money would have likely pushed
India's top mortgage lender Housing Development Finance Corp on Friday posted 21.59% increase in net profit for the first quarter ended June 2011, a tad below the street's expectations

Lender Processing CEO Resigns

Posted by mortgage 318 days ago (Editorial)
Lender Processing recently announced that its Chief Executive Officer and President Jeffrey S. Carbiener has stepped down citing health issues.
ATLANTA, July 5, 2011 ? Southeast Mortgage, a full service Georgia mortgage lender and one of the largest non-bank lenders in the Southeast, has announced industry veteran Isaac Berry has joined the organization as senior mortgage loan originator and future branch manager.
ATLANTA, July 5, 2011 ? Southeast Mortgage, a full service Georgia mortgage lender and one of the largest non-bank lenders in the Southeast, has hired Lisa LeMoine and Sharon Kessenich to its corporate team in Gwinnett.
The future of Parmatown Mall is uncertain. This afternoon, the city announced that Parmatown?s mortgage lender has filed for the appointment of a receiver in Cuyahoga County Common Pleas Court.

Charges filed in mortgage fraud

Posted by mortgage 319 days ago (Editorial)
(CNN) -- Three loan officers are among those now charged in what officials are calling a "reverse mortgage fraud scheme." The U.S. Attorney's office for the Southern District of Florida says the four defendants stole from borrowers, a reverse mortgage lender, and the Federal Housing Authority. "We unsealed information charging four defendants for their participation in a $2.5 million dollar ...
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Mortgage How to Get is an informational resource about mortgage news and information.