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29 Jul 2010, 12:25 pm by Theo Francis
Once again, it’s about disclosure, and the agency’s press release puts it succinctly: “Citigroup repeatedly made misleading statements in earnings calls and public filings about the extent of its holdings of assets backed by subprime mortgages. [read post]
29 Jul 2010, 9:51 am by By DEALBOOK
Besides the bank, two executives are being singled out for not disclosing to shareholders information about subprime mortgage investments. [read post]
29 Jul 2010, 7:41 am by admin
In some cities, developers say the new rules and pressure from Beijing have forced them to build more cheap and small flats. [read post]
27 Jul 2010, 2:08 pm
"Cleveland loses appeal of Wall St. mortgage case; City alleged public nuisance from securitizations": Reuters has a report that begins, "The city of Cleveland lost its appeal on Tuesday of a lawsuit accusing 22 Wall Street bank and mortgage lenders of creating a public nuisance by creating risky mortgage securities to be sold to investors. [read post]
27 Jul 2010, 5:40 am by admin
Each state, county and city has special rules, regulations, taxes, forms, and procedures that must be followed. [read post]
26 Jul 2010, 7:07 am
The most well known recent example of a chapter 9 bankruptcy filing was in 2009 when the City of Vallejo, CA filed in order to alleviate budget problems and reorganize its finances. [read post]
24 Jul 2010, 6:48 am by NL
"Fighting mortgage possession proceedings: the technical, the cunning and the brave" - Justin Bates "Housing for Vulnerable Adults and Children outside Part 7" - Clare Roberts "Homelessness" - David Carter "Eligibility in Homelessness under Parts 6 and 7" - Toby Vanhegan "Disability Discrimination and Mental Capacity" - Annette Cafferkey "Defences to Claims for Possession and Hot topics - from Non-Secure Tenancies to Nuisance" -… [read post]
24 Jul 2010, 6:48 am by NL
"Fighting mortgage possession proceedings: the technical, the cunning and the brave" - Justin Bates "Housing for Vulnerable Adults and Children outside Part 7" - Clare Roberts "Homelessness" - David Carter "Eligibility in Homelessness under Parts 6 and 7" - Toby Vanhegan "Disability Discrimination and Mental Capacity" - Annette Cafferkey "Defences to Claims for Possession and Hot topics - from Non-Secure Tenancies to Nuisance" -… [read post]
23 Jul 2010, 2:24 am by atussey@mortgagefraudblog.com
Kenneth Steward, 44, South Holland, Illinois, was arrested on federal charges alleging that he and six co-defendants participated in a $35 million mortgage fraud scheme involving more than 120 residential properties located primarily on the city's south side. [read post]
22 Jul 2010, 1:32 pm by admin
  Even as cities exist for human proximity and human contact, city living depends on privacy — the optionality to decide whom we wish to see and when we wish to see them. [read post]
22 Jul 2010, 2:19 am by staff@mortgagefraudblog.com
Darrell Lynn Marriott, 57, Gun Barrel City, Texas, the fourth member of a multi-county mortgage fraud scheme pleaded guilty to a first-degree felony for his role in a multimillion dollar enterprise that defrauded government-backed mortgages. [read post]
21 Jul 2010, 11:25 am by admin
Stoeck can secure a thirty-year loan (say, an increase in his current mortgage) at 6.5%, the monthly debt service will be $316. [read post]
20 Jul 2010, 1:30 pm by BCheung
Beginning in 2007 after John left the New York City Department of Health and Mental Hygiene and joined the Caribbean Women’s Health Association; John has been involved in a series of embezzlement schemes and a separate mortgage fraud scheme. [read post]
16 Jul 2010, 4:33 pm
As an alternative, the information required for registration of the property can be provided to the Mortgage Electronic Registration System (MERS), in which case no registration fee will be payable. [read post]
16 Jul 2010, 6:02 am by admin
The Senate voted 60-39 to approve legislation (H.R. 4173) July 15 that would overhaul regulation of banks and other financial services companies and change the way that mortgages, credit cards and… Read this entire article for free, activate your free 15 day trial access to Banking Report now. [read post]
16 Jul 2010, 1:39 am by Mandelman
  MERS can’t foreclose and Citi can’t collect… I am absolutely loving this, I have to say, but I suppose giddy would be an inappropriate response, so I’ll just say, “how interesting”. [read post]
14 Jul 2010, 12:09 pm by Michael A. DeMayo
All sorts of secondary consequences can come off of that – including missed credit card payments and mortgage payments. [read post]
13 Jul 2010, 10:14 am by Victoria Pynchon
  We're not talking about blowing the whistle on corporate wrong-doing for which we might lose our jobs, disable ourselves from paying the mortgage and encounter long-term unemployment. [read post]
13 Jul 2010, 7:50 am by admin
Ever since the commercial mortgage-backed securities (CMBS) market flat-lined in 2008, observers have been looking for blips that signal a pulse, but so far rumors of its resurrection could be considered greatly exaggerated. [read post]