Mortgage service provider LSI Title Agency Inc., a division of Lender Processing Services Inc., is breathing easier after the 11th US Circuit Court of Appeals cleared it of alleged violations of the Real Estate Settlement Procedures Act in a case concerning the permissibility of certain fees charged by the title agency.
The case began when Georgia homeowner Patricia L. Clements refinanced a mortgage with Wells Fargo Bank NA, which hired LSI to provide mortgage refinancing services for the transaction. Because Georgia law requires all closing services to be performed by a licensed attorney, LSI contracted with the Law Offices of William E. Fair III to provide a closing attorney.
The first few months of 2015 are behind us and many consumers are wondering if an interest rate hike is in the near future, especially in regard to mortgage rate trends.
Real estate activity during last few months of 2014 was slower than expected — both seller and buyer activity was weak. Rising home prices decreased inventory, and going into January 2015 there were 9 percent fewer homes on the market than the year before, according to Realtor.com. But it’s typical for markets to reset after the slower holiday months, and as the weather heats up, hopefully so will the housing market. This spring could see a spike in activity, including changes to current mortgage rates.
CALGARY, ALBERTA–(Marketwired – March 11, 2015) – Gordon Creek Energy Inc. (TSX VENTURE:GDN) (the Company) today announced that it has entered into an agreement with Excalibur Partners XX, LP (Excalibur) whereby Excalibur will provide a bridge loan of up to US$2.6 million that will be focused on re-working and re-activating up to 14 previously drilled development wells (PDNP Wells) in order to increase cash flows and reserves.#xA0;The Company is pleased to announce that it has closed on the first tranche of US$1.0 million with the second tranche to close no later than July 31, 2015.
The Excalibur financing was sourced through Houston Merchant Advisory Partners (HMEP)...
Stock Exchange Release
20 March at 8.30 am EET
Notice is given to the shareholders of Tecnotree Corporation to the Annual General Meeting to be held on Tuesday, 14 April 2015 at 2 pm at Marina Congress Center, conference room Nautica, address Katajanokanlaituri 6, Helsinki, Finland. The reception of persons who have registered for the meeting will commence at 1 pm
A. Matters on the agenda of the Annual General Meeting
1. Opening of the meeting
2. Calling the meeting to order
3. Election of persons to scrutinize the minutes and to supervise the counting of votes
4. Recording the legality of the meeting
The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning, noting a week-over-week decrease of 3.9% in the group’s seasonally adjusted composite index for the week ending March 13. That followed a decrease of 1.3% for the week ending March 6. Mortgage loan rates decreased on all five types of loans last week, a full-reversal of the prior week’s increases in interest rates.
By Dimitra DeFotis
Brazil&’s government reportedly will not guarantee a local bond that Petrobras is planning to issue.
Finance Minister Joaquim Levy does not want to guarantee the 8-9 billion reais ($2.9 billion) bond that would be secured with money Petroleo Brasileiro (PBR) owes to Eletrobras, according to a Bloomberg report. J.P. Morgan Latin America credit Analyst Daniel Sensel questions if the story is accurate, and reiterates that the government is motivated to provide support...
San Jose, March 17, 2015 (GLOBE NEWSWIRE) — Sonasoft Corp. (OTCPK: SSFT), a
leader in business continuity software solutions and professional
services announced that its first quarters topline revenue is
expected to grow by at least 60 percent when compared to its
revenue from same quarter in 2014. This positive projection is
attributed to the continued demand for Sonasofts
email archiving products and professional services. New
marketing initiatives and the hiring of additional sales staff also
have impacted revenue positively. The actual numbers will be
announced later on OTC Markets under the listing of Sonasoft Corp.
( SSFT ) on or before,...
(The following statement was released by the rating agency)
FRANKFURT/LONDON, March 10 (Fitch) Fitch Ratings has placed
Hypothekenbank AGs (DHB) BBB- Long-term Issuer Default Rating
(IDR) on Rating
Watch Negative (RWN) and downgraded its Viability Rating (VR) to
c from ccc.
A full list of rating actions is at the end of this rating
The downgrade of the VR reflects external events since the
affirmation of DHBs
ratings on 24 February 2015 (see Fitch Affirms 3 German CRE
fitchratings.com). In light of DHBs highly concentrated single
exposures in its
legacy public-sector portfolio, Fitch believes...
Solar may be a wise choice for Californians, just be extra careful with the solar leasing and new solar loan schemes that are penetrating the market. Solar leases and PPAs are two of the most expensive ways to rent a solar system and some solar leasing company loans are just as bad. The primary reason for this is the much higher pricing thats charged for the systems by these companies.
Today a name brand, average sized 4.75 kW grid tie solar system that will produce up to 600 kWh per month with only 5 hours of peak sunshine per day.can now be purchased for less than $2.20 a watt after applying the tax credit or less than $11,000.
Why would anyone want to finance an $11,000 solar...
Mortgage rates slipped back this week as the Federal Reserve deleted one word from its policy statement, riling investors and signaling that a rate increase could come as early as June.
Obviously, the key word is patient, says Joel Naroff, president of Naroff Economic Advisors. Whether its June, July or September, the move is coming. People will have to start preparing for higher rates.