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15 Jun 2022, 11:32 am
” Types of Mortgage Fraud There are a variety of types of mortgage fraud, and as the years pass new and clever versions will undoubtedly be developed. [read post]
5 Feb 2009, 8:42 am
That includes the power to reduce the principal owed on the mortgage, which is commonly called a mortgage cramdown. [read post]
5 Dec 2014, 7:08 am
If the bill does not pass, all is not lost. [read post]
22 Oct 2007, 1:00 am
Here is the Conclusion: H.R. 3648 (the Mortgage Debt Forgiveness Relief Act of 2007), which was passed by the House on... [read post]
13 Jan 2009, 11:07 am
The legislation has been reintroduced in both houses of Congress (SB 61 and HR 200) and is expected to pass this time around (in modified form), due to the severity of the foreclosure crisis, the change in administrations, and, most recently, the support of a major bank. [read post]
26 Dec 2012, 3:00 pm
However, in 2007, Congress passed the Mortgage Forgiveness Debt Relief Act, which eliminated imputed income under most circumstances when mortgagees accepted a lesser amount. [read post]
8 May 2009, 7:53 am
Senate has approved legislation preventing lawsuits against mortgage servicers granting modifications to certain mortgage loans, Bloomberg News reported May 6. [read post]
9 Mar 2009, 11:05 am
Judicial modification of residential mortgages in chapter 13 bankruptcy is part of H.R. 1106, which passed in the U.S. [read post]
16 Dec 2009, 8:37 am
From the NYSBA Real Property Law Section: Enactment of New Mortgage Foreclosure Legislation The New York State Legislature has passed and Governor Patterson has signed Program Bill No. 46 to significantly expand the scope of the mortgage foreclosure legislation enacted in 2008 that pertained to subprime loans. [read post]
8 Jun 2021, 7:28 am
It is essentially a loan against the value of the home, and need not be paid back until the borrower passes away, sells the home, or no longer resides there for one year. [read post]
15 Jun 2013, 9:23 am
Here is hoping it passes in what remains of the current legislative session, for reasons elaborated in brief at the previous link and more fully here. [read post]
26 Nov 2010, 5:43 am
Before that scandal has even passed, another paperwork-related mortgage problem may be emerging, posing even more serious problems for one lender. [read post]
7 Mar 2009, 10:55 am
A Chapter 13 law has been passed by the house and a similar law is awaiting Senate consideration. [read post]
19 Dec 2011, 1:26 pm
As described in the July 2011 Construction Law Brief, the Pennsylvania legislature passed amendments to the Mortgage Licensing Act (the “MLA”) which prohibits individuals and entities from engaging in the residential mortgage loan business (except to immediate family members) without being licensed under the MLA. [read post]
8 Apr 2012, 8:20 am
Then, the lender has to report that action to the bureau, which then passes it back on to the borrower to determine if the action was satisfactory. [read post]
28 May 2008, 6:40 pm
The 2000-post milestone was passed last weekend. [read post]
2 Jun 2020, 6:07 am
« Back to newsSubscribeThe post House Passes PPP Flexibility Act appeared first on DBL Law. [read post]
1 Feb 2011, 1:29 pm
However, similar cramdown proposals have been introduced in the past, but they never passed. [read post]
21 Mar 2012, 2:45 am
The loan is not due and payable until the borrower no longer occupies the home as a principal residence (i.e. the borrower sells, moves out permanently or passes away). [read post]
13 Jul 2012, 1:31 pm
The mortgage company or mortgage servicer is simply servicing the loan – collecting your payments and passing them on. [read post]
