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26 Jul 2009, 10:54 am
These are the central questions that are used in deciding who to indict. [read post]
28 Jan 2014, 7:21 am
The value of home loans granted in November last year stagnated at about R1.11bn, according to central bank data. [read post]
4 Apr 2017, 4:07 pm
Mortgage Fraud Blog. [read post]
6 Jul 2011, 10:11 pm
It bought RMBS from Morgan Stanley because of the “central role” the financial firm made in creating and selling the securities, the latter’s assurances that it had done its due diligence on the mortgages backing the securities, and because of the prospectuses, registration statements, and other documents. [read post]
12 Feb 2013, 1:21 pm
Then, in April 2012 (as previously reported in the Reed Smith Real Estate Legal Update), the Bankruptcy Court for the Central District of Illinois, in In re Crane, held that an Illinois mortgage must comply strictly with the form of mortgage as set out in the Illinois Conveyances Act, and that a mortgage that fails to include the maturity date and the interest rate of the underlying debt can be avoided in bankruptcy because it does not provide constructive notice… [read post]
7 Dec 2009, 8:55 pm
 The Lavelle Case Changes the Law  On November 25, 2009, Central Islip Bankruptcy Judge Dorothy T. [read post]
8 Dec 2011, 6:59 am
The alleged scheme involved the defendants and others arranging for prospective investors to purchase properties throughout central Ohio. [read post]
5 Sep 2012, 10:14 am
Donnelly & Sons, Co., Case Number CV12-7331-SVW, United States District Court, Central District of California. [read post]
27 Nov 2013, 7:51 am
Also central to the scheme was representing to the lenders that each borrower intended to occupy the property as his or her primary residence, when that was not the case, as Sammon knew. [read post]
20 Apr 2010, 5:45 am
Amid wall-to-wall reporting on the SEC’s action against Goldman Sachs over an aromatic mortgage-securities deal, this bit of NYT coverage of one of the central figures in the investigation, hedge funder John Paulson, should not pass without notice: Amid criticism of investment strategies that profited from mortgage defaults, home foreclosures and other miseries, Mr. [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]
9 Dec 2014, 8:11 am
Liens survive bankruptcy A central holding of bankruptcy law say: the bankruptcy discharge eliminates the ability of a creditor to sue you personally for a debt discharged in bankruptcy. [read post]
14 Mar 2019, 10:57 am
Mortgage Servicing. [read post]
18 Aug 2011, 7:49 pm
• The complaint against Morgan Stanley is over Allstate’s purchase of over $104 million in residential MBS in six offerings and the broker’s “central role” in creating and selling the securities. [read post]
9 Aug 2008, 6:08 pm
Mortgage Lending Practices Litig., MDL No. 1974, in the Western District of Kentucky. [read post]
29 Apr 2014, 8:10 am
On April 21, Union Central Life Insurance Co., Ameritas Life Insurance Corp. and Acacia Life Insurance Company, on the one hand, and UBS AG, UBS Securities LLC and Mortgage Asset Securitization Transactions, Inc., (collectively, UBS), on the other, filed a motion in the United States District Court for the Southern District of New York seeking voluntary dismissal based on the fact that they had reached a settlement. [read post]
17 Apr 2013, 7:44 am
In what is the largest settlement so far of an mortgage-backed securities class action lawsuit filed as part of the subprime and credit-crisis securities litigation wave, the parties to the consolidated Countrywide mortgage-backed securities suit pending in the Central District of California have agreed to settle the litigation for $500 million. [read post]
10 Aug 2007, 6:40 am
The Fed’s New York branch provided $19 billion through the purchase of mortgage-backed securities — the [...] [read post]
9 Jan 2015, 1:06 pm
(AP) The Federal Reserve announced Friday that it paid the federal government a record $98.7 billion in 2014, a payment that reflects the central bank’s earnings from holdings of Treasury bonds and mortgage-backed securities purchased to keep long-term interest rates low to boost the economy. [read post]
Jon Stewart Explains Why Banks Have No Credibility Blaming Strategic Defaulters for Taking Advantage
3 Jun 2010, 8:25 am
Many Banks and TV Pundits place blame for the mortgage foreclosure crisis squarely on the homeowners. [read post]
