Tag Archives: Boom

Mortgage Investors Corporation Delivers Options for ‘Foreclosure Boom’

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St. Petersburg, FL (PRWEB) March 27, 2007

The recent weeks and months of foreclosures and lending operation failures in the United States have eroded the American dream of house ownership much more so than at any time in recent history. That is if a single believes the headlines from across the nation and in mortgage business publications.

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“This is an completely shameful portrait of who we are in the mortgage market,” stated Bill Edwards, Chairman of Mortgage Investors Corporation. “We are far better than this. If you appear at the headlines about our industry, none of them are great. We can get this ‘foreclosure boom’ wrestled back beneath control, but it’s going to take some concessions.

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Edwards points out that the mortgage market should get manage of this scenario themselves due to the fact there is a genuine possibility that some may possibly get in touch with for government intervention resulting in new laws and regulations that restrict lenders’ flexibility to resolve the scenario.

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“If new regulations or laws are passed now, our industry can be sanctioned or regulated to an extent that will not help the home owners or the lenders,” Edwards mentioned. “We want to be capable to retain our flexibility to give options from the private sector–new, stiffer lending laws and regulations cannot help these currently in trouble.”

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What Edwards and MIC proposes are loan modifications and streamline refinancing as options to foreclosures for lenders. MIC provides lenders their solutions to handle the entire process–from the initial customer make contact with to finishing the loan modifications.

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“This ‘foreclosure boom’ isn’t just a subprime lending difficulty,” Edwards stated. “It really is as considerably a ‘real prime’ difficulty as something. The majority of these home owners are tough working Americans who nonetheless have their jobs, but their low interest adjustable rate mortgages are now getting reset to greater prices and their credit card debt along with the price tag of gas and oil have risen. The only point that hasn’t changed is their earnings. As an sector we have to appear at alternatives that can benefit both homeowners and lenders and we believe we can do that.”

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Edwards and his associates are also quick to clarify how they built the accomplishment of Mortgage Investors Corporation on a solid foundation of buyer service. Below his leadership MIC became the nation’s largest lender in the Veteran house loan business more than the previous 12 years.

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“We constructed our accomplishment a single consumer at a time and that’s what this foreclosure issue is going to take,” stated Edwards.

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For much more details about MIC go to http://www.mortgageinvestors.com.

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Good quality Mat Company Supports Oil Boom in Williston Basin

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Williston, ND (PRWEB) June 13, 2013

Located in the middle of the Bakken geological formation is the city of Williston, North Dakota, a quaint town surrounded by a sprawling rural expanse. That was until 2008, when Williston became the epicenter of a still developing North Dakota oil boom. The quiet town of less than 13,000 quickly surpassed the 20,000 resident mark, with Company Insider estimates going as higher as 30,000. Workers from across the country nevertheless flock for jobs, exactly where starting salaries plus over-time on the oil field can rake in over $ 100k a year according to CNN.com.

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In just 5 years time Williston, North Dakota has asserted itself as the new frontier in American oil production. Recent U.S. Power Data Administration estimates put Bakken oil yields in North Dakota at over 650 thousand barrels a month, making it second only to Texas in productivity. This abundance is the driving force behind the magnitude of the Williston boom, and its not just rig workers that are in demand. From school teachers, to crane operators, to physicians and retail associates, the growing city of Williston has employment opportunities about each corner.

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Top quality Mat Firm of Beaumont Texas opened the third workplace in Killdeer, North Dakota to accommodate the growing industry its already familiar with. As a business that specializes in the production of quality rig mats and crane mats, their familiarity with the oil industry is a welcome addition to the bustling commotion of Williston.

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Utilizing oilfield mats and crane mats aids minimize the environmental impact of heavy gear, says Quality Mat Firm manager, Joe Penland Jr. Since several of these web sites are becoming constructed on open range land, its essential to take farm friendly precautions when preparing the internet sites.

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The heavy timber crane stabilizer pads can be seen on rig websites such as those on the Bakken formation, assisting crane operators hold a firm footing with out causing irreversible harm to the land. Oilfield and bog mats can also be seen crisscrossing the remote ranges allowing huge rigs to effortlessly access drilling internet sites without having acquiring stuck or forming deep ruts from their normal travel.

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Weve discovered a lot from operating with farmers over the years, says Penland Jr., Although these folks may be leasing their land to the oil organizations, numerous of them nonetheless use it to plant or graze livestock. We need to have to do our best to shield their livelihood.

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About Quality Mat Co.&#13

Good quality Mat Company is just one particular of the firms assisting to assistance the increasing oil business in the Williston Basin. Their items are integral element of the expanding oil production in the region, and their use not only protects local farm land, but opens much more opportunities for rig placement and oil production in the region, making certain the ongoing achievement of North Dakotas oil business.

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Arizona True Estate Specialist Predicts New Actual Estate Boom on The Horizon

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Phoenix, AZ (PRWEB) February 20, 2013

With low inventory and also numerous buyers, the housing professionals believe the Phoenix True Estate Market place is on the verge of a new boom in real estate values, predicts Dennis Dahlberg, Level 4 Fundings Basic Manager, Private Tough Money Lender with numerous years of flipping and fixing actual estate encounter.

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According to Dahlberg, there has been tiny or no construction or movement of dirt thus leaving the Phoenix housing marketplace starving for new residences. In addition to, he argues house values are rising drastically, and when the existing home owners get above water (have equity), they are going to want to move up.

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We’re going to have a trifecta or the best storm – no houses, pent-up demand, and record low interest prices. In addition to, if a tiny inflation is thrown into the mix – watch out! Bam! Its going to be a wild ride – a Wild West ride, states Dahlberg, who is basing his prediction on information supplied by S&ampP/Case Shiller.

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According to the S&ampP/Case Shillers data, the bottom is more than and the marketplace is moving up again and this time it is going to be even larger.

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The data further suggests the actual estate marketplace in the Phoenix location is heading up. Nevertheless, in response to such concerns whether or not it is time to get genuine estate once more, how lengthy will it take to come back to regular, or should people get out of the market and wait, Dahlberg believes these are hard concerns to answer, nevertheless, provides the following suggestions:&#13