You are browsing the archive for MORTGAGE.

Grants help those looking to buy a home

December 6, 2013 in Lake County News-Chronicle

Lake Bank customers looking to buy a home can now get a leg up with some free money. Continue Reading

BBB says look ahead before leaping into a reverse mortgage

June 22, 2013 in Alexandria Echo Press

With the cost of living on the rise, some senior citizens are finding themselves on shaky financial ground. This trend has led to companies offering reverse mortgages where lenders loan people money based on the equity built up in their homes as a way for seniors to “cash in” on their homes to pay other bills. Continue Reading

Mortgage late payments low in Upper Great Plains

February 12, 2013 in The Dickinson Press

BISMARCK Upper Great Plains states have the lowest home mortgage delinquency rates in the nation. Continue Reading

SD gets $344,750 in settlement on foreclosures

February 1, 2013 in The Daily Republic

PIERRE (AP) Attorney General Marty Jackley says South Dakota’s share of a multistate settlement with one of the nation’s biggest mortgage processing companies is $344,750.
Continue Reading

State asking for mortgage settlement proposals

August 29, 2012 in The Daily Republic

PIERRE (AP) South Dakota’s attorney general is asking businesses and governmental agencies to submit written proposals on how the remaining portion of mortgage settlement should be spent. Continue Reading

Countrywide won influence with discounts: Sen. Kent Conrad among congressmen treated to VIP loan

July 5, 2012 in The Dickinson Press

WASHINGTON (AP) The former Countrywide Financial Corp., whose subprime loans helped start the nation’s foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report. Continue Reading

U.S. rate on 30-year mortgage stays near record low

April 19, 2012 in West Central Tribune

WASHINGTON The average rate on a 30-year fixed mortgage stayed near its lowest level on record, keeping home-buying and refinancing affordable Continue Reading

Franken posts video explaining mortgage fraud settlement

February 15, 2012 in West Central Tribune

WASHINGTON Sen. Al Franken has issued a video to explain how the recent mortgage fraud settlement will affect Minnesotans.
The settlement is between 49 of the states and five of the largest mortgage banks in the country. Continue Reading

State and feds to announce mortgage settlement with large lenders

February 9, 2012 in West Central Tribune

WASHINGTON Federal officials say a deal has been reached between states and the nation’s biggest mortgage lenders over foreclosure abuses. Continue Reading

Fannie Mae asks taxpayers for $7.8 billion as loss widens

November 8, 2011 in Grand Forks Herald

Mortgage giant Fannie Mae is asking the federal government for $7.8 billion in aid to covers its losses in the July-September quarter. The government-controlled company said today that it lost $7.6 billion in the third quarter. Low mortgage rates reduced profits and declining home prices caused more defaults on loans it had guaranteed. Continue Reading