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Butler County program can put foreclosures on hold
http://triblive.com/news/butler/5409022-74/program-county-foreclosure
The program is only available to those whose mortgage companies have filed foreclosure proceedings against a loan holder. The number of foreclosures changed little in Butler County the past few years, Sheriff Mike Slupe said. His office serves papers

Man who defrauded elderly Modesto homeowners asks for leniency
http://www.modbee.com/2014/01/25/3153849/man-who-defrauded-elderly-modesto.html
Lankford and his husband gained the trust of elderly homeowners from 1999 to 2010 and enriched themselves by obtaining multiple fraudulent loans on more than 50 properties, the men admitted in August plea deals. At the time, authorities said Lankford

Home sales up nearly 12 percent in Bitterroot Valley
http://ravallirepublic.com/news/local/article_eb83244c-860a-11e3-b1d1-001a4bcf887a.html
Since the law was enacted in 2010, Ernst said mortgage lenders can no longer provide mortgage loans to unqualified borrowers or provide special financing. Both were issues often associated with fraudulent lending practices, he said. In addition, the

2014 Quicken Loans All-Star Football Challenge to feature Texas A&M's Jake ...
http://www.kbtx.com/sports/headlines/2014-Quicken-Loans-All-Star-Football-Challenge-to-feature-Texas-AMs-Jake-Matthews-241906471.html
Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power for four consecutive years in 2013, 2012, 2011 and 2010. Quicken Loans has ranked among the top-30 companies on FORTUNE Magazine's

PA Mortgage Rates: Low Cost Pennsylvania Mortgage Lenders

www.HomeMortgage.com Are you shopping for ideal mortgage rates from Pennsylvania mortgage lenders? HomeMortgage.com sets you up with five quotes ...

One decade after the financial crisis, here's how the financial system has changed

Bank are a lot bigger

Ten years ago, American taxpayers had collectively rescued the nation's biggest banks to the tune of $700 billion. The bailout triggered public anger and calls for the government to break up the nation's biggest banks. It didn't. A decade later, the largest banks are even bigger than they were then. They've long since repaid their bailouts. JPMorgan Chase , Wells Fargo , Bank of America — all giants before the crisis — are still the nation's largest.

Politically, banks are once again exerting outsize influence in Washington, persuading the Republican-led Congress to begin easing the tighter regulations that were imposed on them after the crisis. And profits have never been higher. The Federal Deposit Insurance Corporation says the nation's banks earned $60.2 billion in the second quarter — an industry record.

The government now applies "stress tests" to the largest financial institutions. The idea is to assure the financial world that the banking system remains sound and that any crisis can be contained.

The financial world quaked 10 years ago as Lehman Brothers failed. Here are 7 Chicago stories from that uncertain time.

Chicago and the nation were already grappling with a recession on the morning of Sept. 15, 2008, when Lehman Brothers, an investment bank with more than $600 billion in assets, went under in what remains the largest bankruptcy filing in U.S. history.

Financial markets roiled. The Dow Jones Industrial Average fell 504 points or 4.4 percent, in one day.

In Chicago, like elsewhere, the financial crisis was felt not just in the trading pits but across workplaces and neighborhoods -- in the kitchens of McMansions and starter homes alike.

Bank lending dried up, making it harder for businesses to operate, grow and invest. Commercial and residential real estate development ground to a halt, sometimes midproject. Nest eggs shrank. Some banks and financial service firms were bailed out by the federal government or acquired by stronger competitors. Others failed. Illinois' monthly unemployment rate topped 10 percent for 15 months, beginning in May 2009.

Years of inflated home values and lax consumer lending standards -- which allowed many buyers to purchase homes with scant credit and existing homeowners to take equity out -- left homeowners overleveraged. Foreclosures in Chicago and its suburbs mounted, and furniture, toys and other personal belongings littered parkways outside homes as people were evicted. Some homeowners attended court-ordered auctions, sitting silently as they watched the paperwork pass hands as banks repossessed their homes.

When should I start looking for a house?

My apartment lease ends 5/31/2010 and my wife and I want to buy a house, I was wondering when would be a good time to start looking.


The advice you have been given is good: first find a lender/broker who you trust and will find you the best possible rate. If this is your first home, talk to many brokers and make sure you are comfortable with every aspect of the process.