Search for: "Citigroup Mortgage Loan Trust"
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27 Jun 2012, 7:20 pm
For any local effort using eminent domain, there are at least two legal issues—whether eminent domain can be used to take intangible property such as mortgage notes and security instruments (including mortgages themselves and deeds of trust) and whether taking the property in question to deal with the mortgage crisis is somehow covered in state law as a public purpose. [read post]
9 Apr 2012, 11:23 pm
The plaintiffs are saying that it was BNYM’s job to perfect the assignment of mortgages to the trusts, certify that documentation was correct, review loan files, and make sure that the trust’s master servicer executed its duties and remedied or bought back defective loans. [read post]
2 Apr 2012, 6:15 am
When GE purchased WMC in 2004, all that WMC did was “whole loan sales,” meaning that it would loan out money for mortgages, and then sell the loans to Wall Street investment banks, who would package and securitize those loans. [read post]
21 Mar 2012, 6:14 am
Bank of America, Wells Fargo, Citigroup, Ally, and JP Morgan Chase were among the five that settled with the Federal Government for mortgage fraud and abuse. [read post]
16 Feb 2012, 9:27 am
Thanks to a courageous whistleblower, Sherry Hunt, Citigroup must pay $153 million to settle a civil suit alleging that the bank directed its mortgage supervisors to look the other way as tens of thousands of loans were signed, many without proper documentation. [read post]
30 Jan 2012, 3:35 pm
— roughly 60 million loans. [read post]
1 Dec 2011, 12:56 pm
., Citigroup Inc. and Ally Financial. [read post]
30 Nov 2011, 2:15 pm
JP Morgan Chase went from A+ to A; Goldman Sachs, Bank of America, Morgan Stanley and Citigroup were downgraded from A to A-; and Wells Fargo was cut from AA- to A+. [read post]
15 Oct 2011, 4:43 am
” He left the administration last year to misinterpret things at Citigroup. [read post]
23 Sep 2011, 6:21 pm
Weren’t the banks at risk of becoming insolvent because they had hundreds of billions in “toxic assets” on and off their balance sheets… assets called CDOs that were based on the same improperly rated and leveraged mortgage-backed securities that the bankers had not only sold to investors around the world but bought as well… assets that became worthless when no one trusted the ratings or the bankers anymore? [read post]
26 Aug 2011, 7:52 am
In 2006, at the peak of the real estate market, Bank of America and Citigroup led banks and brokers with $104 billion in profits. [read post]
24 Aug 2011, 8:17 pm
Morgan took on the liabilities attached to the mortgage loan securitization trusts when it bought WaMu. [read post]
24 Aug 2011, 12:01 pm
In June, the SEC and the Department of Justice subpoenaed Ally Financial Inc. and GMAC Mortgage LLC in connection with investigations of bulk settlements of mortgage loans placed in securitization trusts. [read post]
5 Aug 2011, 6:44 am
Bank of America never wanted to own the properties; in fact, it probably never wanted to own the loans, and almost certainly never originated the loans. [read post]
22 Jul 2011, 7:08 pm
The home loan banks claim that they also invested over $8.5 billion in the mortgage-backed securities. [read post]
7 Jul 2011, 11:19 pm
Countrywide was the worst purveyor of predatory loans and bogus mortgages. [read post]
7 Jul 2011, 11:19 pm
Countrywide was the worst purveyor of predatory loans and bogus mortgages. [read post]
3 Jul 2011, 5:53 am
Chances are, even if your loan is owned by a securitization trust issued by a private label or a GSE like fannie or freddie, that you are going to have to deal with one of the below. [read post]
3 Jul 2011, 5:53 am
Chances are, even if your loan is owned by a securitization trust issued by a private label or a GSE like fannie or freddie, that you are going to have to deal with one of the below. [read post]
19 Apr 2011, 12:41 pm
One bank brought in a blank Pooling and Servicing Agreement that was downloaded from the SEC’s Website, and the other showed up with a blank Private Placement Memorandum… neither could produce a schedule of loans allegedly assigned to the applicable trusts. [read post]
