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30 Aug 2007, 5:20 am
The bankrupt home loan provider American Home Mortgage Investment, said on Wednesday a federal bankruptcy judge has authorized the auction by two affiliates of 5,700 mortgage loans with an unpaid principal balance of about $1.62 billion. [read post]
22 May 2015, 6:50 pm by Sabrina I. Pacifici
Federal Home Loan Banks: Collateral Requirements Discourage Some Community Development Financial Institutions from Seeking Membership, GAO-15-352: Published: Apr 23, 2015. [read post]
3 Nov 2006, 1:45 pm
Posted by Ronald LondonThe Federal Trade Commission announced that it has reached a settlement with mortgage services company USA Home Loans Inc., and its telemarketer USA First Investment Group, Inc., over alleged violations of the agency’s Telemarketing Sales Rule (“TSR”)... [read post]
21 Aug 2019, 7:59 am by Jerri Lynn Ward, J.D.
Nursing home owners who have HUD loans should take note of this: A judge has approved a nearly $1 million penalty for the former leader of a nursing home chain after the company defaulted on $146 million in loans — the biggest default in the HUD federal mortgage insurance program’s history. [read post]
3 Nov 2006, 1:45 pm
Posted by Ronald LondonThe Federal Trade Commission announced that it has reached a settlement with mortgage services company USA Home Loans Inc., and its telemarketer USA First Investment Group, Inc., over alleged violations of the agency’s Telemarketing Sales Rule (“TSR”)... [read post]
22 Jul 2009, 9:48 am
As Glendora loan modification lawyers, we were pleased to see that California Attorney General Jerry Brown, 22 other top state prosecutors and the Federal Trade Commission announced sweeping lawsuits against loan modification scammers. [read post]
17 Jul 2008, 3:01 pm
On Monday, July 14, 2008, the Federal Reserve Board approved a final rule for home mortgage loans to “better protect consumers and facilitate responsible lending”. [read post]
22 Sep 2009, 10:00 pm
” This is what several federal and state agencies said last week in a joint press conference as they pledged to increase efforts to investigate and crack down on loan modification abuse and companies offering help for homeowners. [read post]
1 Oct 2009, 9:36 am
Our San Bernardino loan modification attorneys were encouraged to see that federally backed mortgage company Freddie Mac is planning a more active step to help homeowners qualify for loan modifications. [read post]
25 May 2009, 6:44 am
The Making Home Affordable plan announced earlier this year already gives lenders financial incentives to modify loans for some distressed homeowners and refinance the loans of others. [read post]
4 Jun 2015, 10:00 am by Marc Patterson
As we have previously written, the Toolkit has been redesigned to explain to consumers how the Loan Estimate and the Closing Disclosure work, and how the two documents interact during a home loan purchase. [read post]
23 Apr 2009, 2:41 am
The company apparently targets distressed homeowners seeking to avoid foreclosure on their homes. [read post]
10 Sep 2015, 8:23 am by Rachel Dollar
A senior loan officer at a defunct South Hills mortgage company pleaded guilty Tuesday to his role in an extensive mortgage fraud scheme just as he and the former company president were set to go on trial in federal court. [read post]
9 Sep 2015, 8:26 am by Rachel Dollar
A senior loan officer at a defunct South Hills mortgage company pleaded guilty Tuesday to his role in an extensive mortgage fraud scheme just as he and the former company president were set to go on trial in federal court. [read post]
29 May 2009, 1:12 pm
Finally, in situations where the home loan is being purchased/assigned but servicing is not being transferred, we suggest that the TILA notice state something along the lines of "your loan has been purchased by or assigned to XYZ Corp, but your loan will continue to be serviced by ABC Servicing Company. [read post]
15 May 2011, 10:06 pm
Of the above number, 86%, or 568,548, were through the company's own modification programs, while those done through the federal government's Home Affordable Modification Program (HAMP), totaled only 95,647. [read post]
9 Aug 2009, 12:38 pm
This New York Times home loan article details why. [read post]
13 Apr 2011, 4:25 am
The new federal law prohibits any loan modification company from charging customers any upfront fees. [read post]
19 Apr 2014, 6:30 pm by Sabrina I. Pacifici
Your loan servicer is the company that handles the billing and other services on your federal student loan on behalf of the U.S. [read post]