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18 Jun 2018, 5:27 pm by Wolfgang Demino
.; FEDERAL NATIONAL MORTGAGE ASSOCIATION; THE REGISTERED HOLDERS OF FANNIE MAE GUARANTEED REMIC PASS-THROUGH CERTIFICATES, Fannie Mae REMIC TRUST 2008-16; FNMA AA MSTR/SUB CW BANK; LAURIE MEDER; FANNIE MAE REMIC TRUST 2008-16, Defendants-Appellees.No. 16-51010.United States Court of Appeals, Fifth Circuit.Filed June 12, 2018.Mark D. [read post]
19 May 2017, 12:23 pm by WOLFGANG DEMINO
ELEMENTS OF CAUSE OF ACTION FOR WRONGFUL FORECLOSURE  The elements of a wrongful foreclosure claim are: (1) a defect in the foreclosure sale proceedings; (2) an inadequate selling price; and (3) a causal connection between the defect and the inadequate selling price. [read post]
29 Sep 2016, 8:48 am by Richard J. Andreano, Jr.
In a notice published in today’s Federal Register, the CFPB announced that it has given its “official approval” to a revised and redesigned Uniform Residential Loan Application (2016 URLA) and to the collection of expanded Home Mortgage Disclosure Act information on ethnicity and race in 2017. 2016 URLA. [read post]
29 Aug 2013, 12:29 pm by Stanley Mabbitt
  The proposal, which implements Section 941 of the Dodd-Frank Act, was issued jointly by the FDIC, Fed, OCC, SEC and, with respect to portions addressing residential mortgages, the FHFA and HUD (Agencies). [read post]
29 Aug 2013, 8:30 am by Nicole Kellner-Swick
  Therefore, the court stated that it would be a useless act to require the lender to send the borrower a notice of a right to cure the defaults. [read post]
4 Jun 2013, 9:31 am by Allison Tussey
” Platel placed Divens’ law license on inactive status until the California Supreme Court acts on the disbarment recommendation. [read post]
11 Mar 2013, 9:51 am by Rich Vetstein
Currently, we can close a single family loan in 45 days, and a condo purchase in about 60 days, since condo mortgages require more extensive FNMA approval. [read post]
26 Oct 2012, 1:53 pm by Nicole Mazzocco
  Coventry then initiated an action against FNMA to foreclose on the condominium association lien and obtain the unpaid association fees from FNMA. [read post]
25 Oct 2012, 10:09 am by Rosa Schechter
Legally, the suit is based upon the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act and it's asking not just for actual damages but for exemplary ones, too. [read post]
26 Sep 2012, 8:59 am by Rich Vetstein
FNMA case, which held that a mortgage servicer may foreclosure upon a showing of proper agency and authority, I predict that the Court will ultimately hold that servicers and lenders holding rights to securitized mortgages have legal standing to start the Servicemembers Civil Relief Act proceeding, even if they merely hold a contractual right to the actual mortgage. [read post]
14 Aug 2012, 9:24 am by James Hamilton
In registering under the Exchange Act, FNMA explicitly acknowledged that voluntary Exchange Act registration would also subject Fannie Mae to the provisions of the Exchange Act, and to the SEC’s enforcement jurisdiction thereunder. [read post]
1 Aug 2012, 5:19 pm by admin
The 10th Circuit Court of Appeals struck a blow against the gradual erosion by United States District Courts regarding Truth in Lending Act (“TILA”) rescission. [read post]
22 Jun 2012, 8:55 pm by Rich Vetstein
” This footnote opens the door wide open for servicers and MERS to establish that they are authorized to foreclose, and acting on behalf of, the securitized trusts who hold legal title to the mortgages. [read post]
13 Apr 2012, 1:26 pm by Philip R. Stein
These aggregators invariably maintain that they have somehow “verified” the alleged breach, acting in their self-appointed capacities as “judge, jury and executioner. [read post]
13 Apr 2012, 1:26 pm by Philip R. Stein
These aggregators invariably maintain that they have somehow “verified” the alleged breach, acting in their self-appointed capacities as “judge, jury and executioner.” [read post]