News Center - Springhill Group Home Loans

Thursday, January 12, 2012

Customer satisfaction is the tradition of all Springhill Group Home Loan’s services. With SHG’s state-of-the-art information and facts methods to provide customer’s needs inspire customers in order to make the right home buying decision. This is what sets apart SGH’s customer service philosophy – Housing Finance With You, All Through.

About Us

Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property advisory services.

For inquiries, email us at info@springhillgrouphome.com

News Center

News Center – Springhill Group Home Loans : Rates For Home Loans And Savings Could Swing Again

Rural Housing Finance

Springhill Group Home Rural Housing Finance Featuresoffers home loans in rural areas for:

Construction of Houses on plot owned by you

Addition of more rooms or floors to your existing house

Renovation & Improvement of your house

Purchase of a new house

Specially Designed Housing Loans for Agriculturists.

Loan eligibility on the basis of land owned by you and the crops being cultivated.

Housing Loan in residential area of your own village

Loans for buying house or flat in city of your choice

Housing Loans for homes in rural areas for Salaried persons

Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.

Loan Against Properties

Springhill Group Home Equity Loans helps you encash the present market value of the property by taking a loan by mortgaging the property.

Features of Loan Against Property

Purpose

Loan can be for any purpose. However, the funds should not be used for speculation or any illegal purposes. Customers have benefited by taking loans to meet the following funding requirements

Education

Marriage Expenses

Medical Expenses

Property

Residential

Non Residential

- Should be Fully Constructed

- Should be a Freehold property having a clear and marketable title.

Adjustable Rate Home Loan

Conditions apply on this kind of loan, please contact us directly to inquire.

Tuesday, January 3, 2012

Bud Hibbs Helps America Hold Debt Collectors to the Law! Springhill Group

C. Barry & Associates, LLC

CONSUMER SCAM

(Barry Calvagna)

aka/ United Abstract Group, Inc.

aka/ American Consolidebt, Inc.

aka USR Group, Inc.

Paystar International aka Conway and Phillips

The associates group

Sunday, January 1, 2012

News Center – Springhill Group Home Loans : Home Loan Modifications – Aid Or Scam?

News Center – Springhill Group Home Loans

Home Loan Modifications – Aid or Scam?

by Vince Meehan Editor, Mission Valley News(Mission Valley News, San Diego, CA) – Southern California has been hit hard by the housing crisis and many San Diegans are in danger of losing their homes to foreclosure if that hasn’t happened already. Many homeowners have enrolled in loan modification programs offered by their banks in hopes of reducing their monthly mortgage payments to an affordable amount. These programs were enacted at the request of the government as compensation to the American public who’s taxpayer money was used to bail out these large banks in 2008 as a result of the Emergency Economic Stabilization Act. But people in the programs have had no success in lowering their payments, and feel as if the banks never had any intention of modifying loan payments from the beginning.Echoing that sentiment is attorney Jason L. Jones of Avatar Legal, P.C., who sees a lot of the misery endured by homeowners as a bankruptcy specialist. Jones contends that the banks have no incentive to modify loans, so they don’t. Since the mortgages are bought and assigned to a trust outside of the banks, they do not suffer if a foreclosure happens. Indeed, it is more profitable for the banks to foreclose on property because of the fees and surcharges involved, typically around $30,000 per foreclosure. Anytime property changes hands, fees are paid to all sorts of companies such as appraisal, title, and escrow. And many times, these companies are actually owned by the banks, so everybody makes out. It creates a situation where the banks actually try to force foreclosure instead of modify the loan. So the homeowner loses as well as investors of the trust which often includes groups like public servant unions and teachers unions who invested into the trusts as a part of their pension programs.What bothers Mr. Jones is that if you do apply for a loan modification, the banks will start the foreclosure process at the same time. Jones says that these two processes occur “parallel” to each other, happening at the same time. And the homeowner is not aware that the foreclosure process has begun. He says many people hold off on paying their mortgage during this process, and the banks start piling up late fees that return to haunt the homeowner.In 2009, the government created the Making Homes Affordable program which was supposed to create relief for homeowners in danger of losing their homes. Underneath this umbrella is the Home Affordable Modification Program known as HAMP in which banks were supposed to streamline the modification process. But participation in Making Homes Affordable is strictly voluntary for the banks and there is no penalty for refusing to participate. That aside, homeowners are reporting that even the banks who claim to be participating in the program are not serious and play games instead.

In the loan modification process, the banks create a win less scenario where countless forms are filled out, receipts mailed in, and then promptly lost by the banks. The process is drawn out over time and the foreclosure clock is ticking the entire time. The sentiment is echoed by countless homeowners who have applied for loan modifications to no avail. Indeed, finding a homeowner who has actually succeeded in a loan modification is impossible. Stated one homeowner, “Whether they are calling it HOME, HOPE, or HAMP, the loan modification program is a complete joke and a lie to the American people.” As the National Taxpayer Union puts it, “HAMP has proven to be a colossal failure that has done more to harm than help debt-laden homeowners.”

This frustration has led to public anger that has manifested itself in public demonstrations such as Occupy Wall Street and Occupy San Diego. Lorena Gonzalez, Treasurer-Secretary/CEO for the San Diego and Imperial Counties Labor Council recently organized a rally downtown for “Withdrawal Wednesday” where citizens were encouraged to withdraw their savings from large national banks as a protest. She says that after the bailouts, banks hoarded the money and did not use it to help ease the mortgage crisis as promised. So she and others across the county asked people to withdraw money from large national banks and deposit it in local credit unions. Said Gonzales, “After the bailout, the banks continued to foreclose on homes and CEOs got huge bonuses. This fueled the anger that resulted in “Occupy Wall Street and Occupy San Diego.” She added that these foreclosed homes also began to create blight in neighborhoods, so this even effected homeowners not involved in foreclosure.

Gonzales is currently trying to pursue legislation that would fine the banks of foreclosed homes for any code violations, but that it is currently stalled in committee. Gonzales said that the banks don’t like the legislation, and the banking lobby is is even more powerful than the union lobby in Sacramento. Mission Valley News asked Gonzales if she was aware of any of her constituents who achieved a loan modification, and she said she could not think of any who were successful. Mission Valley News could not find one example of a successful loan modification.

But even if you do qualify for a loan reduction (which is a feat in itself) and jump through the hoops laid out by the banks, you run a good chance of having your payment actually increase as a result. In many cases, one of the terms of beginning a loan modification is to pay into an “escrow fund” where the banks pay off your home owners insurance and property taxes in advance. This actually makes your payment far more expensive at a time which couldn’t be worse. Failure to pay this escrow will result in late fees and default.

Jason Jones says “Right now, the loan modification process goes hand in hand with the foreclosure process because most banks will not consider a loan modification unless the borrower is in default. The homeowner has to stop paying on the mortgage before the bank will talk to him. Only then is he allowed into the modification process. Meanwhile, the bank begins increasing the amount owed by the homeowner by tacking on late fees and penalties, will start making collection calls, and will decrease the homeowner’s credit score. The bank will also file a notice of default, which is the first step in the foreclosure process.”

Jones adds “Being in the loan modification process prevents the individual homeowner from facing the actual underlying problem which is the need to move to more affordable housing. As a result, the affected homeowner makes poor decisions and their emotional and physical health can suffer as a result of the false hope offered by a bank’s home loan modification program.” The message he wants to get out is the futility of loan modifications and the reality of foreclosure which is inevitable. Jones says that as a bankruptcy lawyer, his issue with the loan modification programs is the false hope that they create. He said it would create better financial health as well as mental health if the homeowners knew the truth about losing their homes.

Friday, December 9, 2011

News Center – Springhill Group Home Loans : Springhill group Home Loans and Deposits

News Center – Springhill Group Home Loans

News Center – Springhill Group Home Loans : America’s Choice Home Loans LP Opens In Oregon And Welcomes Jerry Holman To The Team Mes Jerry Holman To The Team

By Angie Barrett | November 28, 2011 10:09 am America’s Choice Home Loansannounced the opening of Branch 1013, located in Newberg, Oregon. Managed by Jerry Holman, a long time veteran of the mortgage industry, the branch opened on October 20. “Please give Jerry a warm welcome and let him ...
READ MORE

News Center – Springhill Group Home Loans:Fed Seen Buying $545B Of Home-Loan Debt : Report
By Joseph Woelfel NEW YORK (TheStreet) -- The Federal Reserve is poised to start a new round of stimulus, Bloomberg reported, citing the biggest bond dealers in the U.S. The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The ...

News Center – Springhill Group Home Loans : Rates For Home Loans And Savings Could Swing Again

The deteriorating situation in Europe has increased the chances of a December interest rate cut. Australian banks are coming under increasing pressure from the ensuing European debt crisis, and have become nervous about lending to each other because of their exposure to risky European debt. Consequently, there are concerns about the ...

READ MORE

Thursday, December 8, 2011

Springhill Group Home Loans | Springhill group Home Loans and Deposits

Springhill Group Home Loan

Springhill Group Home Loan’s unrelenting aim on Corporate Governance, superior standards of ethics and focus of perspective – Confidence, Reliability, Transparency and Expert Service are the essential attitude of SGH.

Customer satisfaction is the tradition of all Springhill Group Home Loan’s services. With SHG’s state-of-the-art information and facts methods to provide customer’s needs inspire customers in order to make the right home buying decision. This is what sets apart SGH’s customer service philosophy – Housing Finance With You, All Through.

About Us

Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households. Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services.

Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property advisory services.

For inquiries, email us at info@springhillgrouphome.com

News Center

News Center – Springhill Group Home Loans : America’s Choice Home Loans LP Opens In Oregon And Welcomes Jerry Holman To The Team Mes Jerry Holman To The Team

By Angie Barrett | November 28, 2011 10:09 am America’s Choice Home Loans announced the opening of Branch 1013, located in Newberg, Oregon. Managed by Jerry Holman, a long time veteran of the mortgage industry, the branch opened on October 20. “Please give Jerry a warm welcome and let him ...
READ MORE

News Center – Springhill Group Home Loans:Fed Seen Buying $545B Of Home-Loan Debt : Report

By Joseph Woelfel NEW YORK (TheStreet) -- The Federal Reserve is poised to start a new round of stimulus, Bloomberg reported, citing the biggest bond dealers in the U.S. The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The ...

News Center – Springhill Group Home Loans : Rates For Home Loans And Savings Could Swing Again

The deteriorating situation in Europe has increased the chances of a December interest rate cut. Australian banks are coming under increasing pressure from the ensuing European debt crisis, and have become nervous about lending to each other because of their exposure to risky European debt. Consequently, there are concerns about the ...

READ MORE

Rural Housing Finance

Springhill Group Home Rural Housing Finance Features offers home loans in rural areas for:

Construction of Houses on plot owned by you
Addition of more rooms or floors to your existing house
Renovation & Improvement of your house
Purchase of a new house
For Agriculturists: If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to have your own home, get in touch with us.

Specially Designed Housing Loans for Agriculturists.
Loan eligibility on the basis of land owned by you and the crops being cultivated.
Housing Loan in residential area of your own village
Loans for buying house or flat in city of your choice
For Salaried & Self Employed: Everyone wants a place to call home, and then what better place than your village or town to own one.

Housing Loans for homes in rural areas for Salaried persons
Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.

Loan Against Properties

Springhill Group Home Equity Loans helps you encash the present market value of the property by taking a loan by mortgaging the property.

Features of Loan Against Property

Purpose
Loan can be for any purpose. However, the funds should not be used for speculation or any illegal purposes. Customers have benefited by taking loans to meet the following funding requirements
Education
Marriage Expenses
Medical Expenses
Property
Residential
Non Residential
- Should be Fully Constructed
- Should be a Freehold property having a clear and marketable title.
Adjustable Rate Home Loan
Conditions apply on this kind of loan, please contact us directly to inquire.

Thursday, December 1, 2011

News Center – Springhill Group Home Loans : Rates For Home Loans And Savings Could Swing Again

News Center – Springhill Group Home Loans

The deteriorating situation in Europe has increased the chances of a December interest rate cut.

Australian banks are coming under increasing pressure from the ensuing European debt crisis, and have become nervous about lending to each other because of their exposure to risky European debt. Consequently, there are concerns about the risks if the Reserve Bank does not cut interest rates, with the next opportunity not until February. The Reserve Bank Governor, Glenn Stevens, ramped up the pressure on European leaders to find a swift solution to the crisis, saying that “the damage to us and everyone else will be unacceptable”.
It is not immediately clear, though, whether banks will be so eager to pass on the full benefits of any such cuts to consumers. The recent interest rate cut saw every major bank reduce theirhome loan rates by the full 0.25% with the exception of NAB, who faced strong criticism for their decision to offer less.
However, Australian banks are facing higher costs of funding due to the rising cost of lending across global money markets. It is suspected that these costs will be passed onto consumers by not passing on the full benefit of central rate cuts.
Therefore, it is predicted that the Reserve Bank’s committee will have to cut interest rates by a bigger margin if it hopes to see any monetary benefit reach consumers.
One advantage for the consumer is the legislation meaning that home loans can now be transferred without exit fee, ensuring a greater level of competition between retail banks.
It may be the right time to consider Which4U’s current savings account rates, in case these are set to fall in the near future.
Ashley King

Monday, 28 November 2011 13:19

News Center – Springhill Group Home Loans:Fed Seen Buying $545B of Home-Loan Debt : Report

News Center – Springhill Group Home Loans

By Joseph Woelfel

NEW YORK (TheStreet) — The Federal Reserve is poised to start a new round of stimulus,Bloomberg reported, citing the biggest bond dealers in the U.S.

The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The Fed may buy about $545 billion in home-loan debt, Bloomberg said.

The Fed bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June.

Separately, Bloomberg reported the Fed and big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing, Bloomberg said, based on 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions.

According to Bloomberg Markets magazine’s January issue, the Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day; bankers didn’t mention they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy; and no one calculated until now that banks got an estimated $13 billion of income by taking advantage of the Fed’s below-market rates.

Fed officials say almost all of the loans were repaid and there have been no losses, but details suggest the secret funding enabled the biggest banks to grow even bigger, according toBloomberg.

The six biggest U.S. banks — JPMorgan Chase(JPM _), Bank of America(BAC _),Citigroup(C _), Wells Fargo(WFC _), Goldman Sachs(GS _) and Morgan Stanley (MS _)which received $160 billion from the Troubled Assets Relief Program, borrowed as much as $460 billion from the Fed, Bloomberg calculated, citing data obtained from the Fed.

– Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

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