Search for: "First Marblehead Default "
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15 Aug 2019, 11:24 pm
(TERI) took fees for providing guaranties for private student loans originated by The First Marblehead Corporation (not First Marblehead Bank) under a "rent-a-charter" scheme involving numerous national banks. [read post]
19 Feb 2019, 6:08 am
The First Marblehead Corporation is an education loan finance company that owns TERI. [read post]
29 Nov 2018, 11:58 am
TERI was used by the First Marblehead Corporation, the architect of the National Collegiate Student Loan behemoth, to make the loans more palatable to investors upon securitization because TERI would hold investors harmless by purchasing defaulted loans and paying full value on them, i.e. principal and accrued interest. [read post]
27 Aug 2018, 3:41 pm
Donald Uderitz, who bought the Trust certificates (and the right to receive residuals, if any) at fire sale prices when the First Marblehead Corporation decided to extricate itself from the National Collegiate private student loan scheme that it had orchestrated and derived huge profits from in the form of up-front fees at the point of securitization.In Savoy, Justice Brown cites himself as legal authority. [read post]
7 May 2018, 10:25 pm
(Id.)The Trusts first entered into an Administration Agreement with First Marblehead Data Services, Inc. [read post]
5 Apr 2018, 7:55 pm
No. 01-17-00253-CVIN THE COURT OF APPEALS FOR THE FIRST APPELLATE DISTRICT OF TEXAS AT HOUSTON, TEXAS LADANTA D. [read post]
27 Mar 2018, 5:02 pm
Kentucky Higher Education Student Loan Corp. was the servicer until the Access Loans were declared in default, at which time defendant NCO Financial Services, Inc. became the servicer for the Access Loans.After graduating from law school, plaintiff worked as a royalty label support analyst at EMI Music from July 2004 to June 2006 and as a paralegal at Warner Music Group from June 2006 through September 2006 in hopes of breaking into the entertainment law industry. [read post]
31 Dec 2017, 5:12 pm
Wretched Reynolds – Disparate treatment of lawyers reaching out to people in need of legal services too quickly under Texas anti-Barratry Statute is ... rather troubling lawfirm-marketing, solicitation – posted on 12/11/17Attack on default judgment after trial no-show successful on appeal - Midland Funding v. [read post]
31 Dec 2017, 5:12 pm
TAGS: default-judgment, garnishment-actions, National-Collegiate-Student-Loan-Trusts, no-answer-default-judgment, private-student- [read post]
30 Nov 2017, 12:43 pm
It is the Trusts that obtain default judgments and file for garnishments and other enforcement actions.Since the trusts are not natural persons, of course, they can only litigate by and through attorneys. [read post]
30 Nov 2017, 12:43 pm
It is the Trusts that obtain default judgments and file for garnishments and other enforcement actions.Since the trusts are not natural persons, of course, they can only litigate by and through attorneys. [read post]
15 Nov 2017, 7:39 pm
On September 18, 2017, the CFPB filed its enforcement complaint and its proposed consent judgment with the fifteen National Collegiate Student Loan Trusts in the U.S. [read post]
15 Nov 2017, 7:39 pm
On September 18, 2017, the CFPB filed its enforcement petition and proposed consent judgment with the fifteen National Collegiate Student Loan Trusts in U.S. [read post]
5 Oct 2017, 5:20 pm
See In re The First Marblehead Corp. [read post]
24 Sep 2017, 2:47 pm
They know that the targets of the lawsuits they file by the hundreds -- if not by the thousands -- are struggling financially, which is why they defaulted on their private student loans in the first place. [read post]
NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up
22 Sep 2017, 2:27 pm
What about the cases that already have default or agreed judgments which are now being collected? [read post]
17 Sep 2017, 2:57 pm
See September 17, 2007 Press Release: First Marblehead Announces Preliminary Estimate of Up-front Fees in Upcoming Securitization. [read post]
16 Sep 2017, 10:26 am
THE LOANOn May 1, 2002, Bank One, N.A. entered into a loan-purchase agreement with The First Marblehead Corporation (First Marblehead) "for loans that were originated under Bank One's . . . [read post]
22 Aug 2017, 9:10 am
The First Marblehead Corporation was not a signatory, but played a key role behind the scenes. [read post]
29 Jul 2017, 5:32 pm
Transworld is a collection agency that seeks to collect on defaulted consumer debts, and it holds a collection agency license from the State of Illinois. [read post]
