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22 Mar 2011, 6:25 am
While this is good news, any deal on a potential settlement of "robo-signing" and other mortgage abuse claims is still far down the line. [read post]
17 Dec 2010, 6:00 am by Kyle Krull
The suspicion should be nothing new, but Consumers Union and the LA Times recently released warnings about reverse mortgages, and it’s worthwhile to repeat them here. [read post]
13 Mar 2007, 4:46 am
New Century, one of the biggest mortgage lenders to borrowers with weak, or subprime, [...] [read post]
23 Aug 2010, 10:13 am
Existing Section 226.36(a) defining mortgage broker is revised and re-designated as new Section 226.36(a)(2). [read post]
20 Sep 2013, 7:00 am
The Bottom Line-- if you find yourself in the unfortunate situation of having obtained a mortgage, and the bank does not thereafter fund it, through no fault of your own, you have case law on your side, and you should consider litigation to obtain a refund of your down payment. [read post]
16 Nov 2010, 6:34 am by David Zaring
The Congressional Oversight Panel has a new report out over the robo-signed foreclosures, and it has the hallmarks of the panel's work: consumer-focused, aggresively critical, and not totally reliable on the law. [read post]
24 Oct 2014, 8:19 am by Allison Tussey
BOA subsequently determined that Check 1 was fraudulent and filed suit in New York State Supreme Court in order to have the mortgage reinstated. [read post]
The Civil Justice Network is piloting a new statewide program, the Maryland Mortgage Fraud Prevention Project (MFP), which aims to help prevent mortgage fraud by ensuring Maryland homebuyers are signing documents in line with the type of loan they expect. [read post]
2 Apr 2014, 7:57 am by Allison Tussey
Aouad, 35, Garnet Valley, Pennsylgania, was sentenced to 70 months in prison and restitution of $5,462,682 for a mortgage fraud scheme involving fraudulently obtained mortgages to purchase properties in North Wildwood, New Jersey, and Dorchester, Masschusetts, and a bank fraud scheme involving fraudulently obtained lines of credit at Wachovia Bank, now Wells Fargo Bank. [read post]
11 Jan 2011, 10:00 am
The lawsuit challenged the break-up of MBIA into two separate lines of bond insurance. [read post]
7 Jan 2012, 7:22 pm by Adam Levitin
 The servicing violations aren't something new. [read post]
16 Jan 2009, 10:34 pm
If you decide you are simply unable to afford the mortgage and your situation is not likely to improve, you can use a Chapter 7 bankruptcy to cancel the mortgage, return the house to the lender and end your responsibility for payments on the first mortgage as well as a second mortgage or home equity line of credit. [read post]
 Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
 Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
 Brian will participate in a panel discussion regarding “Hotbed Statute of Limitation Jurisdictions: Drawing the Line on Date of Breach, Foreclosure Nuances, and Default Notices. [read post]
6 Mar 2015, 8:20 am by Allison Tussey
In exchange for various fees and payments, the homeowners existing mortgages would be satisfied and replaced with new loans to Tikal at 25% of the original loan obligation. [read post]