Search for: "CENTRAL MORTGAGE CORPORATION"
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3 Jan 2019, 7:24 am
Class Action Suit Charges That Reverse Mortgage Lender and Servicer Cause Homeowners to Accrue Thousands of Dollars of Debt Central Islip, N.Y. [read post]
23 Oct 2009, 9:53 am
Central write down its mortgage-backed securities by $1.2 billion and injected $1 billion into the ailing institution. [read post]
22 Jan 2021, 11:10 am
The Allegations The lawsuit was filed in 2006 by two mortgage brokers who accused their employer, the now defunct Mortgage Investors Corporation (MIC), of adding illegal fees to VA-backed Interest Rate Reduction Refinance Loans (IRRRL). [read post]
19 Sep 2007, 2:58 am
By acquiring the property personally rather than on behalf of plaintiff, Corvetti misappropriated a corporate opportunity in breach of his fiduciary duty as president of plaintiff. [read post]
2 Oct 2008, 2:56 pm
Investors and creditors decided that the elimination of debt overhang and the avoidance of threatened corporate bankruptcies more than offset the cost to creditors of receiving 60 cents on the dollar. [read post]
9 Mar 2012, 7:25 am
District Court for the Central District of California that California's business judgment rule, which protects a corporation's directors from legal liability for their business decisions, also protects corporate officers. [read post]
24 Apr 2011, 11:48 am
[JURIST] A judge for the US District Court for the Central District of California [official website] on Friday dismissed [order, PDF] Bank of America (BOA) [corporate website] from a $17 billion lawsuit involving securities based on mortgages issued by Countrywide Financial Corporation [NYT backgrounder], a former subsidiary of the bank. [read post]
26 Jul 2011, 4:29 pm
The agency blames broker-dealers and securities firms for the demise of five large corporate credit union: WesCorp, US Central, Members United Corporate, Southwest Corporate, and Constitution Corporate. [read post]
18 Sep 2007, 8:20 pm
Credit rating agencies have begun to be scrutinized as the mortgage market struggles, but the scrutiny has been on corporate credit rating agencies that graded (and essentially blessed) securitized mortgage debt. [read post]
31 May 2016, 12:51 pm
First Mortgage Corporation (FMC) is a mortgage lender that issued Ginnie Mae RMBS backed by loans it originated. [read post]
7 Apr 2009, 5:53 am
It’s not easy to contact a mortgage servicer. [read post]
6 Aug 2018, 6:00 am
(Note though that FHA calls its current loan modification program FHA-HAMP.)Options for Fannie Mae and Freddie Mac LoansFannie Mae and Freddie Mac are large government-chartered corporations that own or guarantee over one-half of the home mortgages in the country. [read post]
5 Aug 2010, 6:43 pm
Taylor, Bean & Whitaker Mortgage Corp. sought bankruptcy court authority today to retain Hilco Fixed Asset Recovery, LLC in order to sell the furniture and fixtures located at the company's Ocala, Florida central document facility. [read post]
8 May 2017, 1:42 pm
Central Federal Credit Union and Western Corporate Federal Credit Union, voluntarily dismissed its complaint against UBS Securities, LLC (“UBS“) and Mortgage Asset Securitization, Inc., in the United States District Court for the District of Kansas following a settlement between the parties. [read post]
22 Sep 2022, 10:06 am
District Court for the Central District of California against several companies alleged to have operated a mortgage relief scam. [read post]
16 Mar 2011, 9:13 am
A small Reston, Virginia company -- the MERS Corporation -- claims to hold title to about half of the nation's mortgages -- roughly 60 million loans, according to The New York Times. [read post]
2 Jul 2015, 11:13 pm
Mortgage Fraud Blog. [read post]
29 Oct 2011, 10:35 pm
The Mortgage Electronic Registration System (MERS) has been the target in a lot of lawsuits during the mortgage crisis for its shoddy, opaque practices. [read post]
8 Dec 2015, 3:58 am
., against PHH Corporation, REALOGY Holdings Corp., PHH Mortgage Corporation, PHH Home Loans LLC, RMR Financial LLC, NE Moves Mortgage LLC, PHH Broker Partner Corporation, REALOGY GROUP LLC, REALOGY Intermediate Holdings, Title Resources Group LLC, West Coast Escrow Company, TRG Services Escrow Inc., NRT LLC, REALOGY Services Group LLC, and REALOGY Services Venture Partner LLC in United States District Court for the Central District of… [read post]
27 Nov 2013, 7:51 am
Gibson, Jr., Acting Inspector General of the Federal Deposit Insurance Corporation, made the announcement. [read post]
