1st Maryland Mortgage Corp. dba Great Oak Lending Partners, a trusted mortgage company and FHA Full Eagle direct lender servicing the Mid-Atlantic region, today announced that it was ranked #1 in Maryland for reverse mortgage production for the fiscal 3rd quarter of 2010. This is the second consecutive quarter that Great Oak has been ranked [...]

The Hong Kong Mortgage Corporation Limited (HKMC) today (Thursday) announced that its Board has approved the HKMC to launch a pilot scheme on reverse mortgage in 2011. The decision was reached after extensive consultation with the key stakeholders and a territory-wide survey of the potential users. The survey (conducted in October and November 2010) interviewed [...]

FreeMortgageFix.com announced the launch of its first-of-its-kind, free mortgage modification software that enables homeowners who are facing foreclosure to directly send modification applications to their lenders for consideration. Mortgage modification programs are under the auspices of the federal Home Affordable Modification Program. The HAMP Loan Modification program was created to aid homeowners facing possible foreclosure [...]

A new scholarship initiative geared towards SUNY graduate students was announced by the United University Professions (UUP), the United States’ most extensive union in higher learning. The scholarship, known as the William Scheuerman Post Baccalaureate Scholarship, is accessible to those SUNY graduate or professional students who best personify the aims of the labor union movement. [...]

The Fifth Third Mortgage Company is continuing to help distressed home owners to keep their homes and not resort to foreclosure. The company again outshines the national average in permanent modifications by more than doubling the rate of qualified applicants eligible for the government’s Home Affordable Modification Program or HAMP. 77% of their trial plans [...]

Empire BlueCross BlueShield recently announced its intention to enlarge its Medicare Advantage PPO service in New York to 10 counties in order to provide top quality service to its existing senior customer base and to potential “baby boomers” entering their retirement years. The new services will take effect January 1, 2011, immediately after the yearly [...]

LendingTree recently announced figures that suggest average mortgage rates in the United States have risen week over week even though homes have never been as affordable. Lenders in LendingTrees’ network have, on average, raised home loan rates to 4.83% on a 30-year fixed loan, to 4.19% for a 15-year fixed loan, and to 3.62% for [...]

Considering the growth of the reverse mortgage market, worries are building that too many elderly home owners are being tricked into these real estate transactions. A report published by Consumers Union recently is recommending tighter controls for this part of the mortgage and loan industry. “Reverse mortgages are a very risky deal for borrowers who [...]

Unbent Media Inc. made public recently the introduction of a brand new website concentrated on offering consumers important information regarding payday loan choices. The new website is called Paydayloan.net and provides the public with common wisdom on personal finances and profiles numerous alternative lending institutions. The new website’s overall focus is to educate consumers on [...]

Beginning January 1st 2011, Anthem Blue Cross and Blue Shield (Anthem) will introduce what they call a “Zero, Zero, Zero” Medicare Advantage Local Preferred Provider Organization (LPPO) plan. The plan will be on offer in twelve Missouri counties and in effect will offer $0 premiums, $0 co-payments for primary doctors in a designated network, $0 [...]