Mortgage

2008 Homeownership Summit

On Saturday, June 28th, from 9:00 am until 3:00 pm, various agencies and organizations that promote affordable housing, including the Atlanta Board of REALTORS®, will host the 2008 Homeownership Summit at the Georgia World Congress Center.

Georgia is Still in the Top 10 - FBI 2007 Mortgage Fraud Report Highlights

The FBI released its 2007 Mortgage Fraud Report and Georgia still ranks in the top 10 states. This is a “brief” overview of what is happening out there in general taken directly from that report and edited. See if any of these fit your market?

Less Than One Week Left to Get One-On-One Assistance; SBA Urges Return of Disaster Loan Applications

ATLANTA, Jan. 24 /PRNewswire-USNewswire/ — The U.S. Small Business Administration urges residents and business owners affected by severe storms and flooding that occurred October 18th, 2007, to visit the Disaster Loan Outreach Center for assistance.

Over 50% of Mortgage Borrowers Are Gen Xers

RISMEDIA, -The housing market may be in the doldrums, but the long-term outlook for the industry is looking good as Generation Xers - people born between 1965 and 1979 - enter their peak home-buying years.

Equifax Solution Helps Lenders Streamline the Loan Modification Process and Optimize Portfolio Management

ATLANTA, Dec. 19 /PRNewswire-FirstCall/ — Amidst the current mortgage crisis and intense scrutiny of the subprime market, Equifax Inc. (NYSE: EFX) has launched a solution to help lenders navigate new guidelines for homeowner assistance created by the HOPE NOW alliance.

For Homeowners Looking to Avoid Foreclosure, Here Are Four Common Solutions

Nonprofit agency finds lenders are willing to work with borrowers to save homes
ATLANTA, Dec. 18 /PRNewswire/ — The recent agreement by federal regulators and mortgage lenders to freeze interest rates for five years on certain subprime, adjustable rate mortgage loans are intended to help many homeowners avoid foreclosure.

‘It’s a Not So Wonderful Life’ Writes Thomas Quinn in CornerCap Investment Counsel Quarterly Newsletter

Who’s Responsible for the Subprime Mortgage Mess?
ATLANTA, Dec. 18 /PRNewswire/ — Editor’s Note: The following article was written by Thomas E. Quinn, chief executive officer and chief investment officer of Atlanta-based CornerCap Investment Counsel. It appeared in the firm’s quarterly newsletter which was published earlier this month.

Avoiding Bankruptcy: What Every Consumer Should Know

People May Be Able to Avoid Bankruptcy by Applying for a Reverse Mortgage Loan
ATLANTA, Nov. 8 /PRNewswire/ — With U.S. bankruptcy filings up more than 40% this year, Americans 62 years old and older should realize they may be able to avoid bankruptcy by applying for a reverse mortgage loan.

Equifax Equips Financial Institutions with Valuable ‘ARM’ Mortgage Predictor

ATLANTA, Nov. 5 /PRNewswire-FirstCall/ — Equifax Inc. (NYSE: EFX) has launched a new solution to help financial institutions determine the likelihood that a consumer has an adjustable rate mortgage (ARM). With about two million loans expected to reset over the next 18 months, Equifax’s ARM Predictor(SM) gives lenders the information they need to further refine […]

Mortgage Payments for Homeowners Facing Foreclosure Up 42% in 2007 Compared to Last Year, Reports Consumer Credit Counseling Service of Greater Atlanta

Here’s Help for Rising Mortgage, Housing Costs
ATLANTA, Oct. 11 /PRNewswire-USNewswire/ — For many homeowners, an increase in monthly mortgage payments, growing property taxes or higher home insurance costs are making it more difficult to pay their housing bills.

Federal Home Loan Bank of Atlanta Awards $8.1 Million to Support Economic Development Projects in Southeastern

Communities Communities in Alabama, Florida, Maryland, and North Carolina to Benefit
ATLANTA , Oct. 5 /PRNewswire/ — Federal Home Loan Bank of Atlanta (FHLBank Atlanta ) announced today that it will award $8.1 million in below-market rate loans to spur economic growth in Alabama, Florida, Maryland, and North Carolina communities. Seven winning partnerships will use funds […]

Federal Home Loan Bank of Atlanta Announces Results of 2007 Board of Directors’ Election

ATLANTA, Oct. 4 /PRNewswire/ — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2007 election for three positions on the board of directors.

Mortgage Crisis Could Create Talent Gridlock

The Avery Point Group Recommends Creative Measures to Address Barriers to Employee Recruiting and Relocation in Today’s Housing Market
ATLANTA, Oct. 2 /PRNewswire/ — As the mortgage crisis continues to cut a path of destruction far beyond its initial sub-prime victims, it may create talent gridlock among once highly mobile professionals and executives.