Search for: "Credit-Based Asset Servicing and Securitization, LLC"
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31 Oct 2022, 4:00 am
Accordingly, the bulk of the assets to be transferred were consumer credit transactions. [read post]
18 Sep 2019, 10:16 am
The story suggests that these suits threaten the $563 billion asset-securitization market and also the $11 trillion mortgage securitization market. [read post]
15 Aug 2019, 11:24 pm
It also ended Wall Street's appetite for Marblehead SLABS (Student Loan Asset Backed Securities). [read post]
31 Dec 2018, 4:07 pm
Asset freeze by temporaryinjunction based on unadjudicated claim for unliquidated damages reversed by Austin Court of Appeals injunctive-relief. [read post]
29 Nov 2018, 11:58 am
Unlike with securitized mortgages, there were no homes as secured real assets to foreclose on, leaving collection lawsuits against borrowers and cosigners, followed by execution on nonexempt assets and garnishment, as forcible collection tools. [read post]
5 Nov 2018, 3:32 pm
In its opinion, the court equated the securitization Trust with the lender and referred to it as such. [read post]
2 Nov 2018, 3:00 pm
On May 2, 2017, interested parties, and holders of notes in the trusts that are subject to this action, Waterfall Asset Management, LLC, OWS ABS Fund II, L.P., OWS COF I Master, L.P., OWS Credit Opportunity I, LLC, and One William Street Capital Master Fund, Ltd. informed the court in advance of the May 11, 2017 oral argument that they support the Indenture Trustee's position and motion for summary judgment. [read post]
31 Oct 2018, 2:20 pm
Nat’l Collegiate Student Loan Trust and related litigation: GSS Data Services, Inc. and Wilmington Trust Company win dismissal of law firm's suit brought against them in New York over NCSLT-related legal work (Sep. 21, 2018) Update on Wrangle over NC Trust Asset Control: Delaware Magistrate okays Odyssey's designation as servicer of 6 Trusts in row between Indenture Trustee U.S. [read post]
9 Aug 2018, 6:21 pm
GOLDEN, Plaintiff,v.JP MORGAN CHASE BANK, NATIONAL COLLEGIATE TRUST, FIRSTMARK SERVICES, GOLDEN TREE ASSET MANAGEMENT LP, GS2 2016-A (GS2), NATIONAL COLLEGIATE STUDENT LOAN TRUST 2005-3, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-4, PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY D/B/A AMERICAN EDUCATION SERVICES, Defendants.Case No. 16-40809-ess, Adv. [read post]
5 Apr 2018, 7:55 pm
Portfolio No. 14, LLC, 441 S.W.3d 764, 777-78 (Tex. [read post]
31 Dec 2017, 5:12 pm
TAGS: CFPB, Leandra-English-v-Mulvaney-and-President-Trump-CFPB-Leadership-Fight – posted on 11/27/17Okay for debt collector to execute on debtor's FDCPA claim against it as a debtor asset, then dismiss it? [read post]
17 Dec 2017, 3:28 pm
While the sale to Midland Funding, LLC was an asset sale (portfolio sale), the transfer of the credit card account to FIA was not, at least not to an unrelated third-party. [read post]
17 Dec 2017, 3:28 pm
The account ended up being owned by FIA Card Services, a wholly owned subsidiary of Bank of America Corporation, and the transfer transaction was in the nature of a merger, not an asset sale to a third-party national bank.BANK OF AMERICA - FIA CARD SERVICES N.A.MERGER HISTORYWhile the sale to Midland Funding, LLC was an asset sale (portfolio sale), the transfer of the credit card account to FIA was not, at least not to an unrelated third-party. [read post]
5 Nov 2017, 6:02 am
Midland, it would not adversely affect state-based lenders who are already subject to usury limits. [read post]
5 Nov 2017, 6:02 am
Midland, it would not adversely affect state-based lenders who are already subject to usury limits. [read post]
5 Oct 2017, 5:20 pm
Ultimately, however, the concern is that the servicer has not been squeezing enough money from hard-pressed borrowers, and that the servicer still has to be paid in accordance with the fee schedule in the servicing agreement. [read post]
NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up
22 Sep 2017, 2:27 pm
But even if there were no question as to reliability of payment histories extracted from the servicer’s account management system, different jurisdiction may have different rules regarding the accrual-of-claim date for limitations purposes (Does the breach/default occur when the first monthly installment payment is not made, or is it based on the last payment that was received and credited? [read post]
17 Sep 2017, 7:30 pm
These forward-looking statements are based on our plans, estimates and expectations as of September 17, 2007. [read post]
18 Jun 2012, 5:28 am
An older woman that I talked to fairly recently was telling me how she had spent almost ten grand on forensic audit, a securitization audit, and even a credit default swap audit… which was really funny to hear about, but of course I didn’t laugh at her having bought such a preposterous thing… how was she supposed to know? [read post]
6 Jun 2012, 8:00 am
According to the complaint, MGIC, a private mortgage insurance company, owned a 46% equity stake in Credit Based Asset Servicing and Securitization, LLC (“C BASS”). [read post]
