Search for: "CITIGROUP MORTGAGE LOAN SERVICES"
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13 May 2010, 2:06 am
" The complaint also alleges that Regions "only marginally increased its loan loss reserves" despite "the high risk of loss inherent in its mortgage loan portfolio. [read post]
14 Apr 2010, 3:55 am
Those are the words that were printed on a large banner that hung above the cubicles at Ameriquest Mortgage in Sacramento, California, according to an ex-employee of the now defunct sub-prime mortgage banking lender that was shut down by Citigroup in 2007. [read post]
7 Apr 2010, 2:21 am
" Citigroup Mortgage Loan Trust: In an April 6, 2010 order (here), Southern District of New York Judge Leonard Wexler held granted in part and denied in part the motions to dismiss in the lawsuit relating to mortgage-backed securities issued by Citigroup Mortgage. [read post]
6 Apr 2010, 1:58 am
She also found that various statements about the bank’s loan underwriting practices on which the plaintiffs sought to rely were not false and misleading. [read post]
25 Mar 2010, 4:17 am
And five weeks ago, Bank of America, the largest mortgage servicer in the country with three million seconds signed up. [read post]
5 Feb 2010, 6:05 am
And as Secretary Geithner recently acknowledged, “the Bankruptcy Code is not an effective tool for resolving the failure of a global financial services firm in times of severe economic stress. [read post]
8 Jan 2010, 7:46 am
Mozilo, a butcher's son from the Bronx, and David Loeb, a founder of a mortgage banking firm in New York, who died in 2003, the company has become a $500 billion home loan machine with 62,000 employees, 900 offices and assets of $200 billion. [read post]
31 Dec 2009, 5:41 am
Next, the suspension does not affect mortgages Citigroup services. [read post]
17 Dec 2009, 6:33 am
The plaintiffs in the case alleged that the defendants, current and former directors of Citigroup, had breached their fiduciary duties by not properly monitoring and managing the business risks that Citigroup faced from subprime mortgages and securities, and by ignoring alleged “red flags” that consisted primarily of press reports and events indicating worsening conditions in the subprime and credit markets. [read post]
8 Dec 2009, 1:01 am
 Servicers have the authority to modify mortgages in at least 92% of cases, and probably more. [read post]
6 Dec 2009, 6:48 pm
Futures are pointing to further declines in the US and UK residential mortgages of both prime and sub-prime loans. [read post]
6 Dec 2009, 5:27 am
Yet at the end of September, a record 14.4 percent of borrowers were either in foreclosure or delinquent on their mortgages, the Mortgage Bankers Association reported. [read post]
19 Nov 2009, 7:20 pm
“However, with the $50 billion “Home Affordable Modification Program†(HAMP), TARP is not acquiring an asset at all, but simply spending the taxpayers’ money to subsidize mortgage loan modifications, including subsidies to mortgage servicing companies. [read post]
31 Oct 2009, 10:59 am
 That’s almost as much money as Citigroup lost last March. [read post]
19 Oct 2009, 11:31 pm
It tells Fannie and Freddie which mortgages to subsidize. [read post]
27 Sep 2009, 10:26 am
This is a record high for mortgage delinquencies. [read post]
20 Sep 2009, 7:38 am
Further cuts in government services are likely. [read post]
19 Aug 2009, 9:16 am
In the current mortgage debacle, few of the players knew what the baskets of mortgages they were packaging, buying and selling were actually worth. [read post]
5 Aug 2009, 8:35 am
President Obama has given billions of dollars to major loan servicers like Wells Fargo, Bank of America, Citigroup and JPMorgan Chase to help homeowners in foreclosure. [read post]
3 May 2009, 7:41 pm
No where in her article is any mention of the major argument made by opponents of the amendment, that a cram down right would increase the cost of first residential mortgage loans. [read post]
