Search for: "American Residential Mortgage"
Results 1 - 20 of 131
Sorted by Relevance | Sort by Date
15 Apr, 2008 12:20 pm
Bankruptcy court properly reinstated note and deed of trust that were mistakenly paid and released after debtors rescinded a refinancing transaction under TILA. Court erred in
sanctioning debtors' attorney $15,000 for presenting inconsistent arguments. (Dissenting opinion on sanctions issue.) Date of opinion: 3/31/08 Full opinion click here.
11 Feb 12:46 pm
... arguably departed a bit from established precedent to uphold an attorney fee shifting provision in the context of a residential
mortgage reinstatement following the commencement of foreclosure proceedings. Why? Because the stability of the market demanded ... denying
lenders liquidity for their investment portfolios, and decreasing the capital available to borrowers for mortgages. in light of the economic difficulties afflicting the national
economy as of late, and particularly in the housing sector ...
6 Sep, 2007 4:24 am
Texas Attorney General Greg Abbott and key officials from state regulatory agencies convened the Texas Residential Mortgage Fraud Task Force, a strategic partnership intended to improve collaboration among residential
mortgage regulators and law enforcement officials. ... attorney general and top real estate, banking and consumer credit regulators, will
examine how to track and reduce mortgage fraud in Texas. "Home ownership lies at the heart of the American dream," Attorney General … Read More...
16 Apr, 2007 3:24 am
... homebuyers. FHA: Federal Housing Administration; established in 1934 to advance homeownership opportunities for all Americans; assists homebuyers by providing mortgage insurance to lenders to cover most losses that may occur when a borrower defaults; this encourages ... loan of the defaulting borrower. Freddie Mac:
Federal Home Loan Mortgage Corporation (FHLM); a federally-chartered corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders ...
3 Jun 3:17 am
... This means that if lenders have to realistically value their assets - like their residential mortgages - to what they are really
worth - they would have less assets than ... , their true value, the insolvency would be obvious. Fighting cramdown is part of that, as is the Obama mortgage plan, which does not require any principal reductions. The negotiations about the bill ... you have not done so yet, you should definitely listen to
the This American Life's show on the topic." If you're mad as hell and ...
26 Mar, 2007 5:35 am
... fraud cost industries billions of dollars; and mortgage fraud is not limited to residential
mortgages. Within 2 years, in Dayton and Cincinnati, Ohio, U.S ... were arraigned before U.S. Magistrate Judge Janet F. King on mortgage
fraud charges. Further, Senate Intelligence Committee, Federal Bureau of Investigation Director ... unlawful behavior; and to ensure fair and impartial administration of justice for all
Americans." Within the Justice Department are perhaps hundreds of "U.S. Attorneys." Every state ...
11 Dec, 2008 12:42 pm
... trust and transfers assets to the trust to be managed by the trustee for the benefit of the beneficiaries. In contrast, with a commercial trust, such as an mortgage securitization trust, a settlor transfers financial assets in return for payment for the financial assets. With mortgage ... us to the today's American mortgage crisis and Chapter 13 of
the Bankruptcy Code and its capability of cutting this Gordian knot of "gridlocked" securitized residential mortgages. Particularly,
section 1322(b)(2) ...
10 Sep, 2008 4:34 pm
The lenders are finally getting some heat for their role in the rampant mortgage fraud that has forced many Americans into foreclosure.
Indiana has joined a number of other states in suing Countrywide for deceptive and fraudulent lending practices relating to residential
mortgages. Reuters has the story ... threatened to revoke their lending license. Our firm has been involved in numerous Georgia mortgage
fraud cases. We have seen lenders, brokers and investors push people into deals ...
31 Aug 4:54 am
... Federal Court Holds Plaintiffs filed a putative class action against various North American Title entities alleging inter alia violations
of the federal Real Estate Settlement Practices ... the class action complaint alleged that defendants charged improper fees in connection with the refinancing of residential mortgages. Tubbs v. North Am. Title Agency, Inc., 622 F. ... no services were performed." Tubbs, at 209. Relying on Santiago v. GMAC
Mortgage Group, Inc., 417 F.3d 384 (3d Cir. 2005), plaintiffs ...
27 Jan 1:58 am
... . (refer here); mortgage pass-through certificates sponsored by Washington Mutual (refer here); and mortgage-pass through certificates sponsored by Residential Asset Securitzation Trust (refer here). By my count,
there have been more than ... , in this case on the relatively narrow and specific ground that that one of the entities that originated the underlying mortgages, American Home Mortgage Corporation, is in bankruptcy in the federal court in Delaware, and the securities case is
related to the ...
3 Oct, 2007 3:06 am
... ' could save 600,000 homes Consumer group pushes for change to bankruptcy law; others worry about negative impact on mortgage-debt markets.
The Center for Responsible Lending (CRL) estimates that 600,000 foreclosures could be avoided over the next ... 13 debtor to reduce the principal amount and the interest rate of a
residential mortgage loan to match the current market value. Samuel Gerdano, executive director of
the American Bankruptcy Institute, is concerned that such a change would remove the ...
30 Apr 9:11 pm
Today, the Senate voted on Senate Bill 61, the bill which would allow homeowners, consumers, everyday Americans, to modify their residential mortgages in bankruptcy. This bill had been debated for over 8 months, mostly during the presidential elections. The Bill did not pass.
Other types of mortgages can be modified in bankruptcy; other types of loans [...]
31 Aug 2:20 pm
... Drown, Case No. 08-4508 (6th Cir. August 25, 2009), the Court addressed the question of whether a recorded mortgage that contains the
street address of residential property - but not the legal description - is sufficient to preclude the setting aside of an other-wise
mortgage in ... 7 Trustee could avoid the mortgage pursuant to section 544(a)(3) of the Bankruptcy
Code, relying heavily upon Stubbins v. American General Financial Services, Inc. (In re Easter), 367 B.R. 608 (Bankr. S.D.Ohio 2007), a ...
2 Sep, 2008 8:03 pm
... in the covered bond pool default, the bank that established the pool has an obligation to replace the assets with performing mortgages that will continue to serve as
collateral for the outstanding bonds. In other words, this structure requires lending banks to retain an ... the housing market continues to decline and the GSEs continue to register
losses. Nevertheless, under this scenario, the residential mortgage market stabilizes in a few
months, Fannie and Freddie succeed in raising a few billion ...
24 Jun, 2007 8:36 pm
... bank, in part because of a tighter regulatory climate surrounding home loans. Homestone Mortgage Inc. President and CEO Keith Tibbles said
the five-year-old ... closer scrutiny today, but it would receive a closer look even if the residential mortgage market was as hot today as it was several years ago. Some people might ... overwhelms the reader with the word "diversify." I'd expect that Homestone
will take a page from American Home Mortgage's revised play book and come back to the table with a
business ...
13 Dec, 2008 4:00 pm
... to give the Attorney General ninety days' notice before foreclosing on any Massachusetts residential mortgage loan. If the Attorney General objected, Fremont agreed to negotiate in good ... behalf of Fremont by New England Legal Foundation and Associated
Industries of Massachusetts; the American Securitization Forum and the Securities Industry and Financial Markets Association; and ... -four per
cent of all Fremont's loans were adjustable rate mortgage loans (ARM loans), and 38.4 per cent were "stated ...
5 Apr 1:26 pm
... Merrill Lynch by Bank of America and an $85 billion (and now $170 billion) government investment in American International Group. With the
stock market in freefall, the Treasury Department proposed a $700 billion "Troubled Asset Relief Program" ... no exposure' to asset-backed commercial paper, structured investment
vehicles or collateralized debt instruments tied to residential mortgage-backed securities." [69] In
September 2008, a bond insurance company filed suit alleging that Countrywide misled ...
24 Nov, 2008 3:41 am
... would restrict the access to credit for millions of potential homeowners. I think that a large portion of the American public is at a point
where it thinks that making residential mortgages tougher to obtain for millions of homeowners is not such a bad idea. Loose
underwriting (in ... that's a trade-off many may be willing to make to keep their homes. Again, if this makes residential lending tougher in
the future, that's the price of "fairness" and besides, this is America: we live solely for today. ...
27 Sep, 2007 8:26 pm
... stories in the press and caught the attention of lawmakers in recent months. As noted in a recent Time magazine article on the mortgage
industry, "the farther away from the prying eyes of federal bank examiners a transaction occurs, the more likely it ... brokers and loan originators. We support CSBS's efforts in
conjunction with the American Association of Residential Mortgage Regulators to establish a national licensing system for mortgage brokers and originators. Nice. A quick
head nod to the ...
5 Oct, 2007 7:32 am
... stories in the press and caught the attention of lawmakers in recent months. As noted in a recent Time magazine article on the mortgage
industry, "the farther away from the prying eyes of federal bank examiners a transaction occurs, the more likely it ... brokers and loan originators. We support CSBS's efforts in
conjunction with the American Association of Residential Mortgage Regulators to establish a national licensing system for mortgage brokers and originators. Nice. A quick
head nod to the ...
Search on: Blawgs.FM | BlawgSearch Google Co-op |
Blawg.com | Bloglines | Feedster | Google Blog
Search | Technorati | Google | MSN | Yahoo!