Mortgage News

Bobbie L. Brown, Jr., 44, Country Club Hills, Illinois, and 20 co-defendants were charged with various counts of mail, wire and bank fraud and using false identification documents in a 26-count indictment that was recently unsealed. Other defendants include an attorney, a tax practitioner, seven loan officers, two realtors, and a new home builder. Between August 2004 and May 2008, the defendants allegedly fraudulently obtained 150 mortgage loans on homes in the Chicago, Illinois …

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Original post by default@goarticles.com (Jimmy Chuang)

Monday’s stocks in the news

Original post by Consumers Advantage Mortgage

Texas business activity declined further in June
according to the Dallas Fed’s manufacturing report on Monday, whose
business activity index fell to -24.1 from May’s -10.3.

“Several indicators for current conditions declined from May levels
and turned negative,” read the report. “Despite June’s slowdown, more
than a third of manufacturers responding to the survey expect increases
in production and volume of new orders six months from now.”

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Original post by Darin

The ISM-Chicago business barometer remained below 50 for the fifth
consecutive month in June, yet improved more than expected, coming in at
49.6, against expectations that it would fall to 48.0 from 49.1 in
May.

“The threat of an economic recession spreading from the
housing and credit sectors has yet to materialize, but
economic growth remains negligible at best,” said spokesman Jack Bishop
in the report’s summary. “Perhaps the mantra of fear of a recession
has…”

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Original post by Darin

It could be argued that too much choice is a bad thing. When shopping at the local supermarket for instance, there is usually a dizzying amount of brands to choose from and knowing which item to c…

Original post by default@goarticles.com (Matthew Pressman)

Canadian GDP and the ISM-Chicago Purchasing Manager’s Index will
highlight the start of what is looking to be a busy shortened week on the
North American data front. In the afternoon, comments from Portuguese
Central Banker Vitor-Manuel Ribeiro Constancio will also be closely
watched ahead of the European Central Bank’s rate decision on
Thursday.

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Original post by Darin

The abilities and understanding of the loan broker can be one of the most important factors in obtaining home mortgage refinancing. Here are some tips to help you select the right broker.

Even if y…

Original post by default@goarticles.com (Alan Lim)

A home mortgage refinance is a significant financial decision. Use the best information to help you determine if such a loan is a good idea in your situation.

Application for a home mortgage refina…

Original post by default@goarticles.com (Alan Lim)

Where have all Mortgage Brokers Gone?

It’s true, we have lost a lot of good men and women due to the recent slow down in the real estate market. If homes are not selling, then there are no l…

Original post by default@goarticles.com (Brian Trischetta - Incomecycle)

Some players may think the boom in energy, metals, and food is rewriting the rules of investing. Don’t bet your portfolio on it

Original post by Consumers Advantage Mortgage