Search for: "Federal National Mortgage Association REMIC Trust"
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31 Dec 2009, 6:21 pm
Well, we can summarize four type of owners of mortgage notes: -the originator (the rarest of cases), -a securitized trust (known as a REMIC), -Fannie Mae (Federal National Mortgage Association) -or Freddie Mac (Federal Home Loan Mortgage Corporation). [read post]
10 Oct 2010, 8:11 am
They knew they were breaking all sorts of state and federal laws. [read post]
18 Jun 2018, 5:27 pm
.; 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]
26 Oct 2011, 7:02 am
” Tara Twomey – Of Counsel to the National Consumer Law Center and the Amicus Project Director for the National Association of Consumer Bankruptcy Attorneys. [read post]
15 Jun 2011, 1:25 am
As of June 30, 2010, the Mortgage Bankers Association reported that 4.57% of 1-4 family residential mortgage loans (roughly 2.5 million loans) were currently in the foreclosure, process a rate more than quadruple historical averages. [read post]
29 Jul 2011, 5:23 pm
The type of trust used in conjunction with mortgage-backed securities is called a REMIC trust… it’s an acronym that stands for Real Estate Mortgage Investment Conduit… and there are strict rules imposed by both the Internal Revenue Code and the Pooling and Servicing Agreements that govern the transfer of loans into such trusts. [read post]
6 Oct 2010, 9:08 pm
There are cases when the notarizations produced by the banks, who are the trustees for the REMIC trusts, the type of trust used to hold mortgages that are securitized, predate the preparation of the documents themselves. [read post]
14 Feb 2011, 7:07 am
Bank National Association, as Trustee for First Franklin Mortgage Loan Trust 2006-FF12, Mortgage Pass-Through Certificates, Series 2006-FF12 (“U.S. [read post]
30 Oct 2010, 6:37 pm
At issue, of course, is the record-shattering number of mortgages on which servicers are attempting to foreclose without… well, without doing much of anything they’re supposed to do… or legally required to do, like attempting to meaningfully modify loans, or producing the proper paperwork… you know, the stuff that proves that the REMIC trusts that are attempting to foreclose actually hold the notes to the indebtedness in question. [read post]
1 Mar 2012, 8:02 am
We arrived at the battleground called “securitization fail,” and soon everybody on the homeowner side was learning to sing a new version of their ABCs that went like this… A to B, B to C, C to D, which represented the steps required to properly negotiate a note into a REMIC trust, steps that were almost never followed… or maybe never followed. [read post]
25 Sep 2011, 10:59 pm
How was a homeowner damaged because their note was not properly negotiated into a REMIC securitized trust? [read post]
