Search for: "CITIGROUP MORTGAGE LOAN SERVICES"
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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]
28 May 2018, 1:42 pm
& Loan Ass'n v. [read post]
7 Feb 2020, 7:53 am
Citigroup has suggested that private lenders are likely to be affected the most, with some interest payments cut by about 65 per cent and maturities extended by around 10 years. [read post]
19 May 2011, 12:01 am
The FHA, whose defaulted loans the inspector general probed, last May began scrutinizing whether mortgage firms properly treated troubled borrowers who fell behind on payments or whose homes were seized on loans insured by the agency. [read post]
27 Sep 2009, 10:26 am
This is a record high for mortgage delinquencies. [read post]
19 Apr 2011, 3:49 am
You get your money from the Fed, you buy your student loans and commercial mortgages, which you transfer to the Fed as collateral for the loan you just got from the Fed. [read post]
18 Mar 2011, 7:31 am
The Title Transparency bill (AB 1321): will require that all deeds and transfers of mortgage loans be recorded with the County, so that borrowers can confirm in public record who actually holds their 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]
3 Aug 2010, 10:23 am
The Congressional Oversight Panel, in March of 2010 said that despite three separate bailouts of GMAC totaling $17.3 billion, GMAC Financial Services “continues to struggle with its troubled mortgage liabilities. [read post]
8 Aug 2011, 1:49 am
Judge Sullivan concluded that the “more compelling inference” is that “Defendants simply did not anticipate the full extent of the mortgage crisis and the resulting implications for the Pick-A-Pay loan portfolio. [read post]
8 Aug 2011, 1:49 am
Judge Sullivan concluded that the “more compelling inference” is that “Defendants simply did not anticipate the full extent of the mortgage crisis and the resulting implications for the Pick-A-Pay loan portfolio. [read post]
2 Mar 2009, 1:47 am
Hat tip to the Courthouse News Service for the Peter Madoff complaint. [read post]
2 Mar 2012, 7:58 am
We continue to face increased public and regulatory scrutiny resulting from the financial crisis and economic downturn as well as alleged irregularities in servicing, foreclosure, consumer collections, mortgage loan modifications and other practices, lending volumes, compensation practices, our acquisitions of Countrywide and Merrill Lynch and the suitability or reasonableness of recommending particular trading or investment strategies Over at Goldman, the scrutiny was… [read post]
4 Oct 2010, 1:54 am
WaMu Mortgage Pass-Through Certificates: In a September 28, 2010 order (here), Western District of Washington Judge Marsha Pechman granted in part and denied in part the dismissal motions in the securities class action lawsuit that had been brought by investors who had purchased interests in certain Washington Mutual Mortgage Pass-Through Trusts. [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]
16 Aug 2018, 5:48 pm
Meantime, Cable Mountain gave a $1M loan also for a convertible promissory note. [read post]
21 Jul 2011, 2:31 pm
Guess what… the federal government has ordered 16 of the largest mortgage servicers to reimburse homeowners who they foreclosed on IMPROPERLY. [read post]
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]
12 Aug 2010, 8:46 am
There’s a reason we enacted the 1890 Sherman Antitrust Act Measured in loans and other assets, Citigroup Inc. and the three other giants had $7.7 trillion as of March 31, up 56% since the end of 2007. [read post]
6 Aug 2014, 4:26 am
In the securities lending business, the cash received in exchange for the loaned securities was invested in mortgage-backed securities. [read post]
