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26 May 2008, 8:58 am
The bankruptcy examiner in the New Century case also suggested that there may be claims against the company’s auditors (refer here for a discussion of this report). [read post]
24 May 2012, 7:53 pm by Kevin Funnell
It is truly amazing that a 21st century agency has not included a search bar on either the first or second design of their website. [read post]
17 Aug 2007, 10:54 am
New Jersey attorney Barbara Strapp Nelson of Stark & Stark provides an in-depth yet understandable answer to the question, "Who really holds your mortgage? [read post]
8 Aug 2011, 5:53 am by Andrew Ramonas
Standstill: Federal probes of failed mortgage lenders IndyMac Bancorp and New Century Financial Corp. are stalled and might not lead to charges, The Wall Street Journal reports. [read post]
15 Nov 2022, 6:55 am by David Bernstein
It begins: Racial classifications by law have been as American as apple pie, since at least the 19th century. [read post]
28 Jun 2010, 8:11 pm by Ilya Somin
Hayek is not the only dead economist to have garnered new attention. [read post]
4 Nov 2010, 4:45 pm by Mike
New Century Mortgage invovles a homeowner proceeding pro se who claims she was a victim of predatory lending in violation of the Truth in Lending Act (TILA) and related California state law claims. [read post]
9 May 2011, 11:13 pm by Tessa Shepperson
Maybe B bought his lease with a mortgage with Bank E, If B defaults on his mortgage payments, Bank E might repossess the property. [read post]
19 Oct 2008, 9:13 pm
  The top ten subprime loan originators in 2006 were:  HSBC Finance, New Century Financial, Countrywide Financial, Citimortgage, WMC Mortgage, Fremont Investment and Loan, Ameriquest, Option One, Wells Fargo Home Mortgage and First Franklin Financial. [read post]
Congress already prohibits arbitration agreements in the largest market that the Bureau oversees – the residential mortgage market. [read post]
3 Apr 2007, 6:34 am
On Monday, New Century entered Chapter 11, the largest of the subprime lenders to file thus far. [read post]
28 Feb 2007, 12:52 am
DISTRICT COURTSOUTHERN DISTRICT OF NEW YORKTortsCity Cannot Limit Liability, Under 19th Century Law, To $14.4 Million in Suit Over Staten Island Ferry Crash Matter of the City of New York (M/V Andrew J. [read post]
21 Jul 2016, 1:54 pm by Eugene Volokh
” Over the next two centuries, the procedure in Chancery became more regular. [read post]
6 Nov 2007, 1:34 pm
This is particularly true when the original lender has filed bankruptcy, as in the case of New Century and countless others.The bill drafters seem to believe that there are other entities, called "securitizers" in the bill, who are not the loan trusts but can be effective targets for consumer remedies. [read post]