Beverly Hills, CA (PRWEB) July 29, 2010

National Forensic Loan Audit Experts and Fidelity Commercial Capital, America’s leading real estate finance experts, were recently featured in the Wall Street Journal showcasing the one big business idea given to business owners to help them thrive in our current economy. The experts featured are dedicated to spreading knowledge and awareness in their field of expertise and making significant contributions to their industry and the marketplace as a whole.

National Forensic Loan Audit Experts which is a Firm that specializes in residential, commercial, and hard money loan audit services has recently opened its doors to homeowners and consumers allowing the public to obtain these services directly from the source. NFLAE has been viewed as America’s premier loan auditing firm to correspondent lending institutions, federal banking associations, law firms, wholesale lenders and direct lending institutions across the country. National Forensic Loan Audit Experts now wants to expand and concentrate their efforts on helping the general population more effectively obtain the mortgages they deserve to be in. This break-through company is led by a very effective and experienced management team that is sure to make a huge impact in an industry that is in desperate need of assistance.

National Forensic Loan Auditors is a national compliance management firm which provides professional, advisory, and consulting services to financial institutions, mortgage bankers, real estate attorneys, consumer lending entities, and homeowners. Our expertise addresses all critical areas associated with regulatory matters, compliance, and quality control. NFLAE can assist clients in meeting the oversight of regulators, fair lending mandates, and maintaining internal lending integrity and validation practices through independent quality control audits.

National Forensic Loan Auditors provides you with the evidence and support you can trust to help you seek better modification terms, restructuring of new terms, principal or rate reduction, or continued discovery. With the greatest potential to alleviate “normal modification” setbacks and re-occurrence of default, qualified and objective evidence helps simplify negotiations and stay using the information and support provided by National Forensic Loan Auditors.

A 2006, FDIC Office of Inspector General Report revealed:

83% of the institutions examined were cited for “significant” compliance violations

43% of those institutions were “repeat offenders”

85% of those repeat offenders were highly rated by the FDIC for their in-place compliance process

Our executive and management team consists of best-selling authors who are regularly sought out by the media to give expert opinions. Many have been featured on NBC, CBS, ABC and FOX affiliates as well as seen in USA Today, Newsweek, and the Wall Street Journal. Our management has a mission statement and passion for helping people and they are active in speaking with clients regularly.

Mr. McDevitt has a philosophy of “partnering” with his clients every step of the way from the initial meeting through the funding process to ensure a clear understanding of his client’s financial goals and objectives. With his commitment to outstanding service, Mr. McDevitt personally manages each critical step of the financing process while constantly monitoring alternative strategies until the deal is fully approved, funded, modified, and completed. McDevitt will be participating with other selected celebrity experts across various industries in multiple initiatives over the course of the year and will be weighing in on key subjects to consumers and businesses alike.

Mr. McDevitt was interviewed about the current loan modification boom, and the perks it has to offer compared to traditional financing. “Very simply put - a loan audit will result in a renegotiation of the terms of your mortgage through your existing bank to modify the rate and terms of your mortgage, without the need to refinance, the only way to ensure the loan is enforceable,” explained McDevitt.

“There are millions of responsible families out there that make their monthly payments, and they fulfill their obligations, but they’ve seen their property values fall and are unable to refinance at lower mortgage rates,” remarked Mr. McDevitt. “These people are going to be in a tight situation unless they do something quickly – and that’s where we come in to play, a forensic loan audit is necessary in order to ensure a loan modification or workout will take place. We have successfully reduced principle balances and rates that are so significant that you would not believe me until you actually saw the revised terms yourself,” McDevitt continued.

National Forensic Loan Audit Experts are in the business of helping home owners that are trapped in their mortgages to continue living the American Dream of home ownership. We are dedicated to providing solutions to homeowners experiencing trouble with their mortgage. We negotiate with lenders to find solutions that will reduce monthly expenses and allow owners to keep their home. During the process we will keep you informed, engaged and moving toward an early resolution.

For more information about National Forensic Loan Auditors, please visit http://www.NFLAE.com

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2010/07/prweb4316784.htm

Pompton Plains, NJ (PRWEB) July 26, 2010

HSH.com released today its latest Two-Month Forecast for mortgage rates. Homeowners and potential home buyers should take note.

“Record-low mortgage rates won’t last forever,” noted Keith Gumbinger, HSH.com’s vice president, “but summer 2010 may produce the lowest of the low, with rates holding at 50-plus-year bottoms.”

A poor economic climate and troubles in eurozone economies are serving to keep rates low, but Gumbinger warned, “All crises–with its beneficial and detrimental effects on mortgage rates and the housing market–will come to an end at some point.” Gumbinger said the only question was how quickly that change is coming.

Low mortgage rates are providing important supports for the housing market and creating new refinancing opportunities for millions of borrowers.

The latest Two-Month Forecast can be found at HSH.com. The mortgage rate forecast is accompanied by both a recap of the previous period and a discussion about the influences on mortgage rates in the coming months.

Two-Month Forecasts have been issued by HSH for almost ten years, and previous editions dating back to 2004 can also be found at the site.

HSH.com has also released a mid-year update to its 2010 Outlook for mortgage rates.

“With half a year yet to go, we wanted to provide readers with fresh review of the ten most important factors affecting the housing and mortgage markets,” said Gumbinger.

HSH has tracked the nation’s mortgage market for home buyers, homeowners and industry participants since 1979, and its website, HSH.com, is among the Internet’s leading portals for financial information and expertise. HSH’s deep and broad surveys of rates and terms for first mortgages, home equity loans, home equity lines of credit and other consumer loans have been conducted on a weekly basis for as long as 30 years, and the company has long been an authoritative source for current loan pricing information.

For further information, please contact:

Keith T. Gumbinger, Vice President

973-617-8700

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2010/07/prweb4301144.htm

A recent survey produced some disturbing results on the state of mortgages in the United States. The report showed that more than half of homeowners are either paying too much for their mortgages or are locked into mortgages that are clearly unsuitable for their needs, income level or financial goals. Research also indicates that the average percentage of someone’s income that goes to mortgage payments has risen 12.6 percent from nine years ago, which is not leaving today’s homeowners much left to live on for themselves and families.

If you don’t relate to these circumstances, there are plenty of other reasons why refinancing could still be in your best interest. Things have probably changed in your life since you signed your original home loan. What were your priorities then might not be what’s most important to you now. Refinancing allows you to change the terms of your mortgage, to suit your lifestyle now.

Refinancing your mortgage can benefit you in many ways, like saving money, increasing cash flow, reducing the time of your mortgage and being able to lock in the low interests of today (4.375 percent, at some banks). But there are certain facts you need to know before deciding on refinancing.

Read full story

The differences have real financial consequences: bankers want to collect on billions of dollars in outstanding loans; real estate agents want as many people as possible to return to the housing market. For the first time, the debate is spilling into the realm of law making, with state legislators in California considering a bill that would redefine the obligations of many defaulting homeowners. The efforts to shape the bill demonstrate how much is at stake — in California and the many other states with distressed real estate markets.

The legislation introduced in the winter by the real estate lobby would have largely shielded foreclosed homeowners from debt collectors. But by the time it passed the state Senate on June 3, the banking lobby had succeeded in scaling it back. Now the bill goes to the state Assembly, where a committee will take it up next week, and bankers intend to continue lobbying.

“We’re concerned this could adversely accelerate strategic defaults,” said Rodney K. Brown, chief executive of the California Bankers Association, referring to instances in which borrowers leave their properties without settling with the lender.

Read full story

Lehi, UT (Vocus) June 20, 2010 — The veterans and military personnel of Utah will be honored from July 4th – 8th during the LowVARates Utah Military Appreciation Week.

The promotion is in association with LowVARates.com 90 day VA home loan offer and provides veterans the opportunity to save thousands of dollars on VA home purchases or refinances.

The Utah military appreciation week will officially run from April 1st – April 5th. During the week, LowVARates will celebrate the rich military history and honor the men and women of Utah military.

During the 90 day promotion, military personnel and veterans can save approximately $1,500 – $2,000 on the cost of processing and underwriting fees for VA loans.

Owner of LowVARates, Eric Kandell, feels every troop deserves a home at an affordable price.

“The men and women of the U.S. Armed Forces do so much for our great nation everyday,” Kandell said. “We want the veterans of Utah to receive deep discounts on their VA loan.”

There are close to 20,000 military personnel serving in Utah. The military plays a huge role in the community and a big part in shaping the culture of Utah.

In Utah, there are currently four major military installations in the state, comprising a large chunk of airmen, Reserve, and National Guard members.

In Ogden, Hill Air Force Base plays a huge part in shaping the community and providing economic benefits to many of the local businesses. Hill Air Force Base is home to over 4,000 airmen that help make up a significant portion of the nation’s Air Force.

“Utah has a very large military population with many valiant troops fighting for our freedoms,” Kandell said. “Hopefully the promotion will help many troops save thousands of dollars on the costs of a VA home loan.”

With a tough economy, many families are finding it difficult to purchase or refinance a home. The promotion will help military families in Utah reduce some of the initial costs of a VA home loan.

The 90 day VA loan promotion will run from April 1st - July 23rd. The Utah Military Appreciation week will run from July 4th – 8th. Utah veterans can take advantage of the VA promotion during the 90 day period.

Apply online at www.LowVARates.com or call a loan specialist at 888-657-2848.

ABOUT LOWVARATES.COM
For the past 20 years LowVARates.com has been dedicated to serving veteran homeowners. We specialize in providing VA loans to qualified veterans for mortgage purchases and refinances. These loans provide lower interest rates and monthly payments than other traditional loans.

VA loans are currently the only program left that allows no-money-down loans providing a secure mortgage option guaranteed by the Federal Government. Our professional staff and loan officers will assist you to lock in low interest rates and take advantage of the unique opportunity provided through VA loans.

CONTACT:
Craig Walton
Director of Public Relations
Office: 801-341-7048

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For the original version on PRWeb visit: http://www.prweb.com/releases/Utah-veterans/va-loans/prweb4156184.htm

Riverside, CA (Vocus) June 12, 2010 — Today in Riverside, a partnership of local, state and national government agencies, nonprofit organizations and financial institutions gathered at the steps of City Hall to launch a public education campaign designed to help homeowners protect themselves against loan modification scams, find trusted help and report illegal activity to authorities. This was among several kickoff events held in recent months in cities across the country to announce the “Loan Modification Scam Alert” campaign, a national initiative designed to combat loan modification scams.

The national foreclosure rate has reached an all-time high, and millions more foreclosures are expected in coming years. “As the foreclosure rate grows, more and more homeowners are being deceived by scam artists who prey on their fears,” said Eileen Fitzgerald, Chief Operating Officer of NeighborWorks America. “This campaign is based on the belief that knowledge is the best defense, which is why the campaign equips homeowners with the tools they need to minimize their risk and stop scammers in their tracks.”

The regional kickoff event featured representatives from Riverside and San Bernardino Counties, the local faith-based community, the Better Business Bureau of the Southland, the Federal Reserve Bank of San Francisco, the Federal Deposit Insurance Corporation, the Federal Trade Commission and local housing counseling agencies, including the Fair Housing Council of Riverside County, Neighborhood Housing Services of the Inland Empire, Neighborhood Partnership Housing Services and Springboard Nonprofit Consumer Credit Management. Also present were local homeowners who shared their personal experiences with loan modification scams to inform other homeowners in their community about this activity.

NeighborWorks America will coordinate the nationwide effort through its 235 community-based affiliates and other local, state and national partner organizations, including the Department of Housing and Urban Development (HUD), the Federal Trade Commission, the U.S. Department of the Treasury, Fannie Mae, Freddie Mac and the Lawyers’ Committee for Civil Rights Under Law.

Together, the partners aim to reach thousands of distressed homeowners in hundreds of communities at high risk for fraud activity. The campaign will target all audiences, but its resources are focused sharpest on those groups that have already seen high levels of scam activity, including seniors, Hispanics, African Americans and Asian Americans.

As part of the campaign, information, resources and reporting capabilities are now available around the clock at www.LoanScamAlert.org and by calling 1-888-995-HOPE (4673). Community groups may also visit the Web site to access campaign materials available for download and distribution in their area.

Through real-life scam stories, collateral materials, print advertising, local radio PSAs, events, word of mouth and social media activity, the campaign will educate the public about the warning signs of a loan modification scam. “Borrowers must avoid any individual or firm that asks for a fee in advance, guarantees a loan modification or tells you to pay them instead of paying the mortgage. Only a lender can guarantee a loan modification and they do not charge,” said Richard Castro, communications manager for NeighborWorks America.

Homeowners are also urged to report scam activity at once to the proper authorities through the campaign Web site and hotline. “We want to stress how crucial it is for people to learn the signs of a scam and quickly report any encounter that just doesn’t ring true,” said Castro. “Scammers are out there trying to take advantage of people in a tough spot. The campaign is making it easier for homeowners in distress to fight back, and help us shut scam artists down.”

About the Housing Opportunities Collaborative of the Inland Empire
The Housing Opportunities Collaborative of the Inland Empire (HOCIE) is comprised of organizations working together sharing best practices and resources to deliver comprehensive support to individuals and families in their quest for sustainable homeownership. The HOCIE is a sister agency to the Housing Opportunities Collaborative (HOC), a coalition of nonprofit organizations and agencies originally formed in the San Diego region in 2006. The HOCIE is located at 1201 Research Park Drive, Suite 100, Riverside, CA 92507. For more information on the Housing Opportunities Collaborative of the Inland Empire, call (951) 742-8211 or visit their web site at www.hocie.org.

About NeighborWorks America
NeighborWorks America is a national nonprofit organization created by Congress to provide financial support, technical assistance and training for community-based revitalization efforts. NeighborWorks includes a national network of 235 community-based organizations in 50 states, which strives to create healthy communities through the work of thousands of residents, business people, government officials and other partners.

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For the original version on PRWeb visit: http://www.prweb.com/releases/2010/06/prweb4128504.htm

Lehi, Utah (Vocus) June 12, 2010 — Military families and veterans in New Hampshire will be honored with discounts and savings on VA home loans. The promotion will run 90 days from April 1st through July 23rd.

The VA Loan Promotion is in association with New Hampshire military appreciation week from June 11th- 15th. During the appreciation week, military personnel and veterans will be honored for their courageous service and their contributions to the history of New Hampshire military.

LowVARates military appreciation week and VA Loan promotion will help military families save thousands of dollars on the expensive costs of owning or refinancing a home.

All VA loans closed by New Hampshire military personnel and veterans during the military appreciation promotion will have their underwriting and processing fees waived. This offer is approximately a $1,500 - $2,000 saving on the loan process and only available to military personnel and veterans of the U.S. Armed Forces.

Underwriting and process fees are a standard part of any home purchase or refinance. For a 90 day window, New Hampshire military families will be able to avoid these costs.

Owner of LowVARates.com, Eric Kandell, has provided the promotion to show his gratitude for the military and their service, particularly those in New Hampshire.

“We have always had a lot of loyal VA customers in New Hampshire,” Kandell said. “The offer will definitely save New Hampshire military families money and hopefully give them a chance to purchase or refinance a home in a tough economy.”

Homeownership can be expensive and a difficult process. LowVARates promotion will help New Hampshire military families save money particularly in a tough economy.

Military personnel and veterans have a huge involvement in New Hampshire’s demographic and have shaped the states rich tradition.

In New Hampshire there are close to 7,000 active troops stationed on military bases. The state has two major stations and is home for over 5,000 Reserve and National Guard personnel.

The New Hampshire military dates back to the 1680 when the New Hampshire Militia was first organized. The militia later integrated into the U.S. Armed Forces and provides thousands of troops to the military.

Today, many New Hampshire military personnel are serving deployments to the Middle East and serving our great nation.

Because the military is prevalent in New Hampshire, LowVARates.com wants to thank all those how fight for our freedoms by offering a New Hampshire military discount.

New Hampshire homeowners can take advantage of the offer by visiting www.lowvarates.com or calling a loan specialist toll free at 888-657-2848.

“The men and women of the U.S Armed Forces do so much for this great nation,” Kandell said. “We want to give back to the troops by providing them with a chance to have home ownership or refinance their existing loan.”

This offer is available for military personnel and veterans looking to purchase a new home or refinance the rate of an existing loan. The offer will run April 1st through July 17th 2010. New Hampshire military appreciation week will run June 11th – 15th.

ABOUT LOWVARATES.COM
For the past 20 years LowVARates.com has been dedicated to serving veteran homeowners. We specialize in providing VA loans to qualified veterans for mortgage purchases and refinances. These loans provide lower interest rates and monthly payments than other traditional loans.

VA loans are currently the only program left that allows no-money-down loans providing a secure mortgage option guaranteed by the Federal Government. Our professional staff and loan officers will assist you to lock in low interest rates and take advantage of the unique opportunity provided through VA loans.

CONTACT:
Craig Walton
Director of Public Relations
pr(at)lowvarates(dot)com
Office: 801-341-7048

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For the original version on PRWeb visit: http://www.prweb.com/releases/New-Hampshire/va-loans/prweb4128554.htm

(PRWEB) June 12, 2010 — Regional mortgage lender Network Mortgage Services, Inc. recently announced the rebranding of the business under the name Network Home Loans. Capitalizing on more than two decades of excellence in the mortgage industry, the new name better reflects its core business model of the origination, servicing, and sale of residential home loans.

Kevin Lane, President of the company, said, “Under the Network Home Loans brand, we will continue the great tradition of integrity, stability and results that our company has been known for over the last 22 years. Our rebranding clearly communicates who we are–Network, and what we do–Home Loans, along with our vision of being a best-in-class mortgage banking company focused the individual needs of our customers and referral partners.”

The company also announced that it has entered into an agreement to substantially expand and upgrade its corporate offices located at the Alderwood Business Campus in Lynnwood, Washington. Lane states that construction will soon begin on a complete renovation of the office that has been home to the company since 1988. When the work is completed, the existing building will be renamed the Network Financial Center and the company will unveil a state of the art facility that includes a suite of private offices, company workout gym and showers, multiple multimedia rooms and a host of other technological advances. The expansion allows for an additional 25 employees.

Founded in 1987, Network is privately held and is headquartered in Snohomish County. The company originates loans in multiple states through a retail lending center, six branch offices, and its wholesale lending channel. It maintains approvals with HUD, VA, multiple institutional investors and the Federal Home Loan Mortgage Corporation (Freddie Mac).

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For the original version on PRWeb visit: http://www.prweb.com/releases/2010/06/prweb4122714.htm

(PRWEB) June 4, 2010 — Moishe Alexander of Canadian Funding Corp along with their Co-lenders funds a 1st mortgage to a Sudbury, Ontario couple with only one income after one of the purchasers lost their job. Even though Sudbury, Ontario is now experiencing a protracted strike at the former Inco Mines. Moishe Alexander said “these are hard working people who are going through tough times but it doesn’t mean they should own a home even when the banks said no”.

Moishe Alexander again demonstrates his compassion for people and his long term vision approach and sensitivity to mortgage lending, Moishe Alexander understands that even though these rough economic times are challenging the average working person or persons should still be entitled to own their own home.

About Moishe Alexander

Moishe Alexander uses his financial experience to save private homes and promote residential development. A passionate corporate leader, Moishe Alexander has flourished in his role as President of the Canadian Funding Corporation, which provides finance and loan services for an impressive range of clients.

Since joining the firm in 2005, Moishe Alexander has proven his skills as a financial negotiator, team builder, and resource manager. Alexander has expertly managed each team members’ strengths and weaknesses, and his skillful leadership has helped his company close several of its more difficult deals.

Over the past three years, Moishe Alexander has led Canadian Funding Corporation in a series of dramatic deals that benefited all parties involved. Recently, Alexander helped a family get back into their home by funding almost 95% of their second mortgage. Without his extraordinary assistance, the family would have lost their home permanently. Other lending firms simply ignored the family, but Alexander was willing to protect their equity and way of life. In both business and charity, Moishe Alexander exhibits an undeniable compassion for those in need.

For More Information:

Please see the Canadian Funding Corporation website or Moishe Alexander’s blog for more information regarding the company, or real estate financing.

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For the original version on PRWeb visit: http://www.prweb.com/releases/single/income/prweb4090284.htm

(PRWEB) May 31, 2010 — Well-respected for his industry knowledge and experience, local mortgage broker Anthony Smith celebrates an important achievement this month – 10 years as a business owner for Mortgage Choice, Australia’s largest independently-owned mortgage broker.

Anthony takes great pride in the success his local franchise has achieved over the past decade and he is grateful for the support of his customers and team.

“Ten years in a successful business is an achievement I’m proud of. During that time I have helped thousands of Cheltenham locals and those in nearby areas to find a great loan, whether that means it has a competitive interest rate, low fees and/or is packed with a range of features,” said Anthony.

“If it weren’t for the backing of my strong team, with special mention of Kirsty Williamson, Chris Howitt and Kate Holland, all of whom have been with me for over five years, I wouldn’t have achieved anywhere near as much in this amount of time.

“Helping customers’ reach their property goals is straightforward when you also have the support and encouragement of friends and family, plus other passionate Mortgage Choice brokers. Not to mention our lending partners – without them our customers wouldn’t be able to finance their dreams.”

In addition to commemorating Anthony’s first decade at Mortgage Choice, this year marks the fourth consecutive year his franchise business has been among the company’s elite ‘High Flyer’ category that recognises its top franchise owners nationally.

“It has been a win all-round for us lately. We maintained our High Flyer status on the back of winning the 2009 Mortgage and Finance Association of Australia Broker of the Year award, as well as ranking amongst the Mortgage Professional Australia magazine’s Top 100 Brokers list in 2009 for the second consecutive year,” Anthony said.

Always looking for ways to improve customer service, Anthony and his team recently diversified their services. Today, they offer residential investment, commercial and personal loans, plus asset finance and insurance services. Anthony is confident that with a broader service offering, the business can better help borrowers achieve their financial goals.

“We’re excited to now offer customers a ‘one-stop-shop’ of financial solutions. Our aim is to make the process as simple and convenient as possible, by offering information and guidance with great care. We want customers to be confident in their decision making, especially considering the recent bout of interest rate rises,” said Anthony.

“Whilst we continue to improve our business strategy, one critical element remains unchanged - that we do not charge customers for our residential loan services.”

Anthony and his team will shortly host the Property Collectors Club, a quarterly information session for customers involved or interested in property investment. Each session will be presented by a different guest speaker and will include customer case studies, investment property tips and insights into investment loan structuring.

“Our aim is to share our knowledge and experiences alongside industry experts and customers so we can all help each other achieve more. We hope to inspire locals to create their own wealth by demonstrating how property investment could work for them,” said Anthony.

Visit Anthony and the local team’s website at www.mortgagechoice.com.au/anthony.smith or call 9585 7779.

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For the original version on PRWeb visit: http://www.prweb.com/releases/Mortgage-Choice/Mortgage-Brokers/prweb4059774.htm