First Meridian Mortgage Is Now FM Home Loans

An established mortgage lender to lead you home.

First Meridian Mortgage, established in 1991, has been helping borrowers realize their home owning dreams for almost 25 years. During that time, we have refined our goals and values as a company, cultivating who we are and what we do. As a customer-focused residential lender we know the importance of providing best-in-class service starts with having knowledgeable, experienced loan officers.

Jason Berg entered the mortgage industry over 10 years ago. Since Jason started, he has had to navigate an ever evolving environment. This on-the-ground experience has enabled him to gain the insight and knowledge to become one of the best, most proactive loan originators around. Jason’s attention to detail and ability to simplify the mortgage process has helped him ease his clients concerns as he’s guided them through a sometimes complex process.

In 2013, Jason and First Meridian together decided to open our first office in New Jersey – Teaneck. With Jasons experience and leadership skills he established the Teaneck office that is rooted with the same ethics and principles which we were founded on. Led by Jason, our office, located on Cedar Lane has been meeting the changing needs of New Jersey home owners and Realtors.

In 2015 a decision was made to rename First Meridian Mortgage to FM Home Loans. Rebranding our company, while tough, was a natural progression as it integrates the ‘FM’ from our original namesake. We have moved forward with a new name that pays homage to the original, conveying our growth and progress while establishing a unique, more modern look and feel within the residential mortgage market.

While our name has changed, our mission has not. Whether it’s First Meridian Mortgage or FM Home Loans, our priority is to build lasting relationships with home buyers and realtors by educating them and providing customized solutions, an efficient approval process, and hassle-free closings at competitive rates.

“I have been in the mortgage for over 10 years and had the opportunity to work with a few different companies. Since I joined First Meridian and we opened the office in Teaneck, it has been a phenomenal experience. The company truly lives and operates with the idea to make sure clients and realtors get FIRST CLASS service. Our focus has always been about building relationships and not just looking at the home buying process as a transaction. It’s been a pleasure to be part of the local community both as a person operating a local business and as a place for my wife and I to raise our family. As someone who is deeply embedded in the community, I look forward to continuing to build long lasting relationships while helping clients purchase a home.” – Jason Berg.

Jason Berg and his team at FM Home Loans are located at: 568 Cedar Lane in Teaneck. He can be reached at: 201-343-6100 or via email at:
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GERMAINE SMITH-BAUGH: New payday measures create new problems for Floridians …

The CFPB said its rule-making on payday lending encompasses online lenders and will help put an end to this shadow industry. (Associated Press) more gt;
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Everyday Cheapskate: What to do while you wait for things to return to normal

Life has never been perfect, but youd have a hard time convincing some people of that. Its not that they are ignorant. They just have selective memories.

Perhaps you can identify if you long for the way things used to be — when jobs were plentiful, mortgages were simple, retirement accounts moved in only one direction (up) and students could carry their 100-percent-financed college degrees straight into six-figure jobs.

Now that it appears things are no longer quite so perfect, youve put your life on hold. Youre anxiously pacing the floor trying to hold on until the stock market rebounds, real estate sales bounce back, your loan modification comes through or some TV advertiser offers a debt-settlement scheme that returns your life to the perfect way it was.

Heres what to do:

— Stop looking back. Normal is not an economic condition. Every moment you mourn the passing of the way things were is a moment lost in the present. Concentrate on where you are, and plan for how you will face the future.

— Accept what you cannot change. If youve lost your home or business, or filed for bankruptcy you cannot change what has happened.

— Change the things you can. Thankfully, far more aspects of your life fall into this category.

These days, it seems that for every letter I get from a reader who is filled with gratitude that I nagged them to death to get out of debt, to build a contingency fund for emergencies, to fund a freedom account for irregular expenses and to make that shift to living below their means, I get one from someone who is beside herself/himself with regret for not getting around to it.

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Suspect surrenders in stabbing death of former USF player

TAMPA BAY, Fla. — Randolph Graham, 23, of Tampa, is behind bars, accused of killing former University of South Florida football player Elkino Watson, reports CBS affiliate WTSP. According to the station, investigators believe Graham knew he was a wanted man and turned himself in Wednesday night.

Watson, 23, and his friend, Desmond Horne, were stabbed repeatedly outside an Ybor City club at closing time early Sunday morning after a party celebrating USFs defeat of Florida Aamp;M University, reports the station.

Graham is reportedly charged with second-degree murder with a weapon and second-degree attempted murder and is being held without bond. Police released pictures earlier in the week from the deadly night, looking for a person of interest, who they now confirm is Graham.

Investigators say theyve been working tirelessly on the case since the deadly fight happened outside of the Orpheum, but police credit tips from the community and cell phone video in helping them to close in on Graham, says the station.

Its sad, he (Watson) went over there to have a good time, celebrate the win of USF that night, and this tragedy happened. For the family, Im happy we had closure fairly quickly in this case, says Capt. Ruben Delgado.

According to the station, police are still investigating if there will be any more charges, as they know that several people were involved in the fight that deadly night.

Theyre reportedly asking patrons who may have cell phone video of the evening to come forward and share it.

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NARCA Applauds CFPB Action Against World Law Group

The CFPB alleges “Defendants marketers lure consumers into signing up for debt settlement services by falsely promising that consumers will be represented by local attorneys and that they will negotiate with consumers creditors to settle their debts. Defendants are debt settlement veterans who joined forces after federal law changed to prevent fraud by banning the taking of up-front fees before settling consumers debts. In an apparent attempt to circumvent that new law, Defendants began claiming that they provide legal representation, but then continued charging consumers up-front fees for debt relief services.

Since October 27, 2010, over 21,ooo consumers across the country-representing 99% of the consumers who enrolled with World Law-have paid more than $67 million in unlawful advance fees to Defendants, who ultimately provide little or none of the services promised to consumers. The agency sought preliminary and permanent injunctive relief, rescission or reform action of contracts, the refund of monies paid, restitution, and disgorgement of ill-gotten monies, the appointment of a temporary Receiver, and other equitable relief as well as civil money penalties.

NARCA’s commitment to insuring that creditors’ rights attorneys be held to the same high level of professional conduct required and expected when practicing law. NARCA’s law firm members are licensed attorneys who abide by and commit to the Rules of Professional Responsibility in their respective states as well as NARCA’s core principles of being PROFESSIONAL, ETHICAL and RESPONSIBLE.  Joann Needleman, NARCA’s Board President states, “It is incumbent on attorneys who practice in the field of creditors’ rights law to lead by example. NARCA members continue to provide the leadership necessary to demonstrate these qualities and actions in policy and in practice.”

The attorneys of NARCA member firms are dedicated to ensuring that the legal profession maintains the highest rigors of legal and ethical integrity. The failure of any law firm or attorney to uphold their ethical duty or responsibility denigrates the entire profession. NARCA raises that bar by mandating annual CLE requirements in the field of creditors rights for all of its attorneys. NARCA’s Grievance Committee is charged with reviewing the conduct of any member when necessary, who fails to strictly adhere to the Code of Professional Conduct and Ethics. In those instances where warranted, NARCA will issue the appropriate sanction and penalty.


NARCA is a nationwide professional trade association of over 650 skilled creditors rights law firms and in-house counsel of creditors.  NARCA members are committed to the fair and ethical treatment of all participants in the debt collection process and are required to adhere to NARCA’s Code of Professional Conduct and Ethics. As licensed practicing attorneys, members are also governed by state bar association Rules of Professional Conduct and must practice law in a manner consistent with their responsibilities as officers of the court.

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SPAIN: Options when you are struggling with debt

Q. I am overwhelmed. I have around $12,000 worth of debt and am struggling to repay it. Is bankruptcy my only option?

A. While it may feel overwhelming to you right now, your $12,000 debt is not insurmountable. In fact, most auto loans are greater than the debt you are currently carrying.

You have a number of options, and I encourage you to consider all of them before making any major decisions. First, you can contact each of your creditors and see if they will accept reduced payments. If you do make this kind of request, it’s essential that you don’t promise to pay more than you can comfortably afford. Some creditors have internal hardship programs and may be willing to work with you.

Second, you could consider contacting a non-profit credit counseling agency that offers a debt-management program. In a debt-management program, you get help looking at your entire financial picture and get an individualized plan for handling your debt. If it turns out that a debt-management program is right for you, you make a single payment to the credit counseling agency, which gets forwarded to each of your creditors. In some cases, your creditors will waive fees and interest, which can help to accelerate repayment. As you repay your debt, your debt decreases. As your debt decreases, your credit improves.

You could also contact a debt-settlement company to get help with your debt, an option that comes with its fair share of drawbacks. If you opt to work with a debt-settlement company, you agree to send a monthly payment. In turn, the company puts your money in an account and holds it until you have enough money to offer one of your creditors a settlement offer.

It can sound like an enticing arrangement until you understand that while you continue to make monthly payments, your creditors do not get paid. Therefore, your accounts go further delinquent. You also incur more late fees and penalties, so your balance goes up. When you finally have enough money to offer a settlement, it is normally only enough to pay a single company, and the rest of your creditors don’t get paid. Depending on the business, a creditor that doesn’t get paid may sue you. If a company does opt to accept your settlement, writing off part of your balance, you incur a tax debt in the process. The IRS considers forgiven debt as income.

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Judge dismisses lawsuit against banking regulators

Otoe-Missouria Chairman John Shotton filed the lawsuit in US District Court for the Western District of Oklahoma in March after he was fined in connection with an online payday lending company owned by the tribe that made high-interest rate loans to Connecticut residents.

In an eight-page ruling handed down Aug. 28, US District Court Judge Joe Heaton said the court lacked jurisdiction over the matter, but did not rule on the other issues in the case.

The Otoe-Missouria Tribe is one of several tribes that have entered the payday lending business in recent years. In January, the Connecticut Department of Banking fined Shotton $700,000 for making loans to Connecticut residents that violate caps on interest rates there.

The tribal payday lending companies Great Plains Lending LLC and Clear Creek Lending LLC also were fined $800,000.

The tribe is considering its legal options in the matter, Heather Payne, spokeswoman for the Otoe-Missouria Tribe, said in a statement.

The Otoe-Missouria Tribe is currently investigating every available legal option and will continue to fight for Chairman Shottons civil rights as an individual and elected tribal official, and for the ability of all Native American tribes to pursue legal economic development without discrimination and intimidation from bureaucrats,” Payne said.

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Wishbone Gold debt settlement issue

Wishbone Gold has issued 396,849,229 shares to settle various outstanding debts, fees, expenses and loans.

The debt settlement involves allotment of ordinary shares at 0.25p per Debt settlement share, the same price at which £250,000 of new equity was raised 10 days ago.

Amounts owing and debt settlement shares allotted include:

(a) Black Swan FZE which is owed £810,541 and will be settled by the allotment of 324,216,359 debt settlement shares

(b) Easy Business Consulting – £28,500.95 settled by the allotment of 11,400,380 shares

(c) George Cardona – owed £25,000 settled by the allotment of 10,000,000 shares

(d) Alan Gravett – owed £25,000 to be settled by the allotment of 10,000,000 shares

(e) The Z/Yen Employee Benefits Trust – owed £25,000 to be settled by the allotment of 10,000,000 shares

Chairman Richard Poulden said: This completes the restructuring of Wishbone to leave it debt free and with cash to fund the continuing exploration of its portfolio of Australian properties.

At 3:49pm: (LON:WSBN) Wishbone Gold PLC share price was 0p at 0.3p

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US average rate on 30-year home loans falls to 3.91 percent

Average US long-term mortgage rates fell for a third straight week amid anxiety over developments in the US economy that lifted bond prices.

Heres a look at rates for fixed- and adjustable-rate mortgages this week and over the past year:

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BC wants to reduce payday loan fees

VICTORIA — The BC government plans to crack down on high fees charged by payday loan companies.

The province said it wants to reduce the maximum fees payable on a payday loan to $17 per $100 borrowed, down from an existing maximum of $23 per $100.

The change was first promised by Premier Christy Clark’s Liberal party in the 2013 provincial election campaign, but has so far yet to be enacted.

The government remains committed to the fee reduction, which will be part of a larger review of the regulations that govern payday loan businesses in the province, to be developed by the end of the year, the Justice Ministry said in a statement.

Current payday lending laws were established in 2009.

The payday loan industry has been criticized in the past for predatory practices that involving high lending fees and complex agreements that consumers might enter without fully understanding. Some municipalities have tried to limit the number of stores in communities.

The government passed legislation earlier this year to regulate the debt settlement industry, with rules on fees and safeguards for consumers. The Justice Ministry said it intends to bring that law into effect within months.

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