Loan Processors Sue Ace Mortgage Funding, Inc. for Overtime, According to Burr & Smith, LLP and Nichols Kaster & PR Newswire via Yahoo! Finance
On December 6, 2006, loan processors hit Ace Mortgage Funding, Inc., and its successor Ace Mortgage Funding, LLC, with its second nationwide lawsuit for overtime pay in sixteen months.
Adjustable Rate ARM Mortgage Holders are Refinancing to Fixed Rates PR Web via Yahoo! News
Atlanta, GA (PRWeb) December 5, 2006 -- Katz Mortgage Team, www.
Adjustable Rate ARM Mortgage Holders Should Refinance to Fixed Rates, Recommends the Katz Mortgage Team PR Web
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, has announced that Fixed Mortgage Rates are now at their lowest point in over a year. They are officially changing their recommendation from "HOLD" to "REFI" for many of their clients who took advantage of the extremely low adjustable rate mortgages of 2002 and 2003. (PRWeb Dec 5, 2006) Post Comment:Trackback URL:
Daniloo Pleads Guilty Modesto Bee
SAN FRANCISCO — Former Modesto mortgage banker Tony Daniloo pleaded guilty Tuesday to 122 felony counts and will be sentenced in March to at least 10 years in federal prison.
Computer program finds the mortgage with lowest costs The Herald-Tribune
WASHINGTON -- Reed Hauge was more than a little shocked when the hard costs on the quoted loan were $5,200 less than those his mortgage-broker buddy had offered. He was rather peeved, too.
Denver Housing Foreclosures Worst On Record ABC 7 Denver
DENVER -- Denver's 2006 real estate foreclosure rate is now officially the worst on record. With one month left in the year, foreclosures have already eclipsed the record set during the 1988 oil industry collapse that sent Colorado's economy into a tailspin.
New program to aid those facing foreclosure Denver Post
Front Range homeowners who meet certain qualifications will be able borrow up to $5,000.
Toll Bros. 4Q profit down 44 percent AP via Yahoo! News
Luxury home builder Toll Brothers Inc.'s fourth-quarter earnings fell 44 percent, but the company said it sees some signs of stabilization in the slumping housing sector and raised its forecast for first-quarter home deliveries.
FORECLOSURE FEVER: Homeowners no more Atlanta Journal-Constitution
Hundreds of Georgians lost their homes Tuesday. The houses, taken from debt-laden homeowners, were sold to bidders on courthouse steps statewide. The increasingly busy monthly auctions show that not all of the residential market is in decline.
AROUND THE VALLEY Montrose Daily Press
MONTROSE — The Daily Press is looking for your pictures. We’ll take photos you’ve taken from various events, happenings in the community, your travels, animals or just people on the street for our new “Our Community” page.

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A federal district court has barred a Colorado-based mortgage broker from making false claims about home mortgage financing services and ordered him to pay
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